For Immediate Release
Chicago, IL – September 19, 2018 - Stocks in this week’s article include: Insperity NSP, Amedisys AMED, Comfort Systems FIX, Genesco GEN and Forward Air FWRD.
Screen of the Week of Zacks Investment Research by Kevin Matras:
Winning Stock Picks from the Top 5 Industries for Job Growth
Every week the government and other entities release economic reports that cover all areas of the economy - from retail sales to housing, to international trade to consumer sentiment.
In fact, on virtually any given day there could be anywhere from one to a handful of reports.
And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money-making details that can quickly be uncovered with just an extra few minutes of reading.
For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted.
I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.
In fact, I still remember getting into housing in early 2012 while everybody else was staying as far away from it as possible. But, after seeing construction jobs continue to rise in report after report after report, I knew the housing market had turned. And that was one of the first alerts to the housing recovery - for those who knew where to look.
But the headline number and the obligatory one-or-two-sentence write ups on many news sites missed the best part of the story by not going the extra mile (or paragraph).
Well here we are again, with more stock-picking insight, straight from the latest Employment Situation report. It showed that some of the biggest job creation came from these five industries:
1) Professional & Business Services: +53,000
(up 519,000 over the last 12 months)
2) Health Care: +33,000
(up 301,000 over the last 12 months)
3) Construction: +23,000
(up 297,000 over the last 12 months)
4) Wholesale Trade: +22,000
(up 99,000 over the last 12 months)
5) Transportation & Warehousing: +20,000
(up 173,000 over the last 12 months)
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
And that's what we're screening for today…
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/commentary/182643/winning-stock-picks-from-the-top-5-industries-with-the-biggest-job-growth
Get the remaining stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back testing software.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
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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Forward Air Corporation (FWRD) : Free Stock Analysis Report
Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report
Genesis Healthcare, Inc. (GEN) : Free Stock Analysis Report
Amedisys, Inc. (AMED) : Free Stock Analysis Report
Insperity, Inc. (NSP) : Free Stock Analysis Report
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