The Zacks Analyst Blog Highlights: Canadian Solar, LexinFintech, Sotherly, Zumiez And SkyWest
Zacks Investment Research | Feb 19, 2019 09:47PM ET
For Immediate Release
Chicago, IL –February 20, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Canadian Solar Inc. (NASDAQ:CSIQ) , LexinFintech Holdings Ltd. (NASDAQ:LX) , Sotherly Hotels Inc. (NASDAQ:SOHO) , Zumiez Inc. (NASDAQ:ZUMZ) and SkyWest, Inc. (NASDAQ:SKYW) .
Here are highlights from Tuesday’s Analyst Blog:
Nasdaq Exits Bear Market: 5 Top-Ranked Winners
On Feb 15, the Nasdaq posted an eight-week long winning stretch. In doing so, it exited its longest bear market by one measure since 1991. This represents a significant turnaround from the collapse that the index and tech stocks in particular suffered in the final quarter of 2018.
Clearly, tech stocks have found favor with investors once again this year. While tech earnings likely lost momentum in the fourth quarter, the FAANG group surprised investors with strong earnings numbers. This has led to their renewed popularity among investors and market watchers alike.
At this point, the Nasdaq is up 12.6% year to date. With even last year’s weakest performers staging a strong rebound, it would make good sense to add select index members to your portfolio to boost profits.
Success of Trade Negotiations Hold the Key for Nasdaq
Ultimately, the progress of trade negotiations is crucial for the tech-heavy Nasdaq’s continued ascent. Tech-based companies reap a substantial part of their sales from abroad and from China in particular. Most of them have also set up manufacturing bases overseas.
Possibly, they have the most to lose from a bitter and extended trade war. Trade negotiations are set to continue in Washington this week. Despite the structural issues, which the Trump administration remains inflexible about, investors are increasingly optimistic about a quick resolution to the dispute.
According to fresh reports, China has made a generous offer to tackle the key issue of trade imbalance. The proposal seeks to nullify the country’s entire trade surplus with the United States in six years. The idea could easily catch the Trump administration’s fancy, resolving the crisis in the process.
Our Choices
The Nasdaq has staged an admirable recovery this year after suffering a severe downturn in the fourth quarter of 2018. The much-vaunted FAANG group, which often dictates the index’s performance, is back in favor. Meanwhile, investor optimism over a resolution to the trade dispute with China is growing.
Adding Nasdaq stocks that have performed admirably year to date to your portfolio seems to be a smart move. However, picking winning stocks may be difficult.
This is where our Zacks Investment Research
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