5 Top Stocks That Have Skyrocketed In The Past 7 Days
Zacks Investment Research | Mar 26, 2020 07:44AM ET
With the coronavirus pandemic showing no signs of letting up, Wall Street continues to grapple with severe volatility, which has been plaguing it over the last five weeks. With market participants unable to estimate the extent and impact of the coronavirus crisis have begun panic selling off of risky assets like equities.
Consequently, the three major stock indexes of Wall Street are still in bear market territory. At present, the Dow is down 28.3% from its all-time high recorded on Feb 12 while the S&P 500 is down around 27% from its all-time high posted on Feb 19. Moreover, the tech--laden Nasdaq Composite has tumbled nearly 25% from its recent high on Feb 19.
However, despite the coronavirus-induced severe market downturn, a handful of stocks have soared in the last seven trading days defying the overall market trend. Some of these stocks still have strong upside left to provide solid return to long-term investors. Investment in those stocks with a favorable Zacks Rank may be lucrative at this stage.
5 Stocks Pops Up in Past Seven Trading Days
We have narrowed down our search to five stocks that have popped in the past seven trading days and still have strong growth potential for the rest of this year. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see Zacks Investment Research
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