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Zacks.com featured highlights include: SunOpta, eXp World, Calix, Kiniksa Pharmaceuticals and iClick Interactive Asia Group

Zacks Equity Research
·5 mins read

For Immediate Release

Chicago, IL – June 12, 2020 – Stocks in this week’s article are SunOpta Inc. STKL, eXp World Holdings Inc. EXPI, Calix Inc. CALX, Kiniksa Pharmaceuticals Ltd. KNSA and iClick Interactive Asia Group Ltd. ICLK.

5 Stocks with Recent Price Strength on Upbeat Economic Data

Wall Street is witnessing a V-shaped recovery this year. Reopening of the economy and a series of recently released better-than-expected economic data significantly strengthened investors' confidence in U.S. stocks.

Last month's job additions recorded a historic high of 2.5 million and the unemployment rate dropped to 13.3% from 14.7% in April, per the Bureau of Labor Statistics. In addition to job data, growing consumer confidence and higher expectations for the next six months, better than-expected ISM manufacturing and services index, and a solid increase in housing and vehicle sales clearly showed strong pent-up demand.

Moreover, business activities will increase steadily as more people are visiting restaurants, bars and shopping malls, and companies are opening their stores. Additionally, freight trucking activities are gathering pace and airlines are adding to their fleet.  

At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?

Sounds Good? Here’s How to Execute It:

One should primarily target stocks that have recently been on a bull run. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward.

If a stock is continuously witnessing an uptrend, there must be a solid reason or else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.

However, recent price strength alone cannot create magic. Therefore, you need to set other relevant parameters to create a successful investment strategy.

Here’s how you should create the screen to shortlist the current as well as the potential winners.

For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/977517/5-stocks-with-recent-price-strength-on-upbeat-economic-data

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

 

 

 

                                                                                    


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Calix, Inc (CALX) : Free Stock Analysis Report
 
SunOpta, Inc. (STKL) : Free Stock Analysis Report
 
Exp World Holdings, Inc. (EXPI) : Free Stock Analysis Report
 
iClick Interactive Asia Group Ltd. (ICLK) : Free Stock Analysis Report
 
Kiniksa Pharmaceuticals, Ltd. (KNSA) : Free Stock Analysis Report
 
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Zacks Investment Research