Don't Miss The Rally: 4 Retail Stocks Near Fresh Highs
Zacks Investment Research | Sep 13, 2017 11:47PM ET
A layman can end up losing bucks, if he decides to pick a stock only on the basis of numbers flashing on a real-time stock screen. However, the investor can resort to commonly used technique finding beaten down stocks that have the potential to recover faster than others. But this brings with it the risk of getting stuck in the value trap if the hidden weakness in a selected stock goes unidentified. So, wouldn’t it be a safer strategy to look for stocks that are winners currently and have the potential to gain further?
The new investment mantra is “buy high and sell higher”. One should primarily look for stocks that have recently been witnessing an increase in price driven by a broad set of factors — impressive sales, robust profitability, bullish earnings prospects and other major developments. Actually, stocks seeing price strength of late have a high chance of carrying the momentum forward. So, a look at stocks that have already won the game and are capable of setting a new benchmark sounds rational. You can ride on the stock bandwagon hovering close to their 52-week highs and book handsome profits.
Why Retail Stocks?
Despite occupying the bottom most position in the Zacks classified list, the Zacks Investment Research
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