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Zacks.com featured highlights include: Townsquare Media, Medifast, Delta Apparel, Genco Shipping & Trading and Star Bulk Carriers

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·5 min read
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For Immediate Release

Chicago, IL – May 19, 2021 – Stocks in this week’s article are Townsquare Media, Inc. TSQ, Medifast, Inc. MED, Delta Apparel, Inc. DLA, Genco Shipping & Trading Limited GNK and Star Bulk Carriers Corp. SBLK.

5 Stocks with Recent Price Strength Amid Inflation Concerns

Last week was a disappointing one for Wall Street primarily due to concerns related to the impending inflation. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — fell 1.1%, 1.4% and 2.3% respectively, marking their worst weekly performance since Feb 26.   

Inflation will reduce the net present value of stock investing. This is more likely for the technology stocks. Higher inflation may compel the Fed to increase the benchmark interest rate earlier-than-expected. This will be detrimental to growth stocks like technology as these companies are dependent on easy access to credit at a cheap rate to grow their businesses.

Moreover, with regards to economic data, retail sales in April were flat with March, but missed the consensus estimate of an increase of 1.1%. Industrial production rose 0.7% in April compared with the consensus estimate of 1.1% growth.

On May 7, the Department of Labor reported a highly disappointing jobs data. Nonfarm payroll increased a mere  266,000 in April compared with the consensus estimate of 1.035 million. The unemployment rate nudged up to 6.1% in April from 6% in March. The consensus estimate was 5.7%.

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 freshly 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.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1570567/5-stocks-with-recent-price-strength-amid-inflation-concern

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.

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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/performance for information about the performance numbers displayed in this press release.


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Genco Shipping & Trading Limited (GNK) : Free Stock Analysis Report
 
Townsquare Media, Inc. (TSQ) : Free Stock Analysis Report
 
MEDIFAST INC (MED) : Free Stock Analysis Report
 
Star Bulk Carriers Corp. (SBLK) : Free Stock Analysis Report
 
Delta Apparel, Inc. (DLA) : Free Stock Analysis Report
 
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