For immediate release
Chicago, IL – September 21, 2021 – The shares in this week’s article are Euroseas Ltd. ESEA, Grindrod Shipping Holdings Ltd. GRIN, Global Ship Lease, Inc. GSL, Bluegreen Vacations Holding Corporation BVH and Belden Inc. BDC.
5 stocks with recent price force defying market volatility
Volatility returned to Wall Street after an impressive rally in the first eight months of this year. Investors are concerned about slowing U.S. economic growth, following the rapid spread of the Delta variant of COVID-19. Market participants are also worried that rising inflationary pressures will force the Fed to abandon its ultra-dovish monetary policies.
It’s mid-September and the three major stock indexes – the Dow, S&P 500 and Nasdaq Campsite – are down 2.2%, 2% and 1.4%, respectively, since the start of the month.
The past week has been disappointing. The Dow Jones fell 0.1%, marking its third consecutive weekly decline. This was the blue-chip index’s longest streak of weekly losses since the end of four weeks of losses on September 25, 2020. The market’s benchmark S&P 500 fell 0.6%, reflecting its second consecutive weekly decline. The Nasdaq Composite fell 0.5%, recording its second consecutive weekly loss.
On August 27, Fed Chairman Jerome Powell at his annual Jackson Hole Symposium reported the central bank’s $ 120 billion-per-month bond buying program being cut back. Right now, the Fed is buying $ 80 billion in Treasury bonds and $ 40 billion in mortgage-backed bonds per month as the pandemic-induced monetary stimulus. The central bank will hold its next FOMC meeting on September 21-22.
Wall Street is expected to remain volatile for the foreseeable future, despite the fact that the fundamentals of the US economy remain strong and the overall market trend remains encouraging.
At this point, wouldn’t it be safer to look for winning stocks that are likely to earn more?
It looks good? Here’s how to run it:
We must mainly target stocks that have just been bullish. In fact, stocks that have seen their prices rise recently are likely to continue their momentum.
If a stock is continually trending upward, there must be a solid reason, otherwise it would likely have collapsed. So looking at stocks that can beat the benchmark they’ve set for themselves seems rational.
However, recent strong prices 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 current and potential winners.
For the rest of this article on the screen of the week, please visit Zacks.com at: https://www.zacks.com/stock/news/1798232/5-stocks-with-recent-price-strength-defying-market-volatility
Disclosure: Officers, directors and / or employees of Zacks Investment Research may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document. An affiliated investment advisory firm may own or have sold securities short and / or hold long and / or short positions in options mentioned in this document.
About the screen of the week
Zacks.com created the first and best filtering system on the web, earning it the “# 1 Stock Filtering Site” award by Money Magazine. But powerful screening tools are just the start. That’s why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Solid stocks that should make the news
Many are poorly publicized and fall under the radar of Wall Street. They are practically unknown to the general public. Yet the 220 “strong buys” in today’s Zacks ranking were generated by the stock picking system which more than doubled the market from 1988 to 2016. Its average gain was + 25% per year. See these high potential actions for free >>.
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Contact: Jim Giaquinto
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5 actions in the process of doubling
Each has been handpicked by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations have climbed + 143.0%, + 175.9%, +498 , 3% and + 673.0%.
Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.
Today, discover these 5 potential circuits >>
Click to get this free report
Belden Inc (BDC): Free Stock Analysis Report
Euroseas Ltd. (ESEA): Free Stock Analysis Report
Global Ship Lease, Inc. (GSL): Free Inventory Analysis Report
Grindrod Shipping Holdings Ltd. (GRIN): Free Stock Analysis Report
Bluegreen Vacations Holding Corporation (BVH): Free Stock Analysis Report
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