Zacks.com Featured Highlights Include: Tilly's, The Bancorp, Cohu, Teekay Tankers And Sony
Zacks Investment Research | Dec 19, 2019 11:27PM ET
For Immediate Release
Chicago, IL – December 20, 2019 - Stocks in this week’s article are Tilly's Inc. (NYSE:TLYS) , The Bancorp Inc. (NASDAQ:TBBK) , Cohu Inc. (NASDAQ:COHU) , Teekay Tankers Ltd. (NYSE:TNK) and Sony Corp. (NYSE:SNE) .
5 Stocks with Recent Price Strength that Still Have Upside
While Wall Street has performed remarkably in 2019, the last month is looking even more spectacular buoyed by strong economic data, especially labor market data. Generally, December remains a good month for stock investors. Holiday sales usually pick up this month.
However, some concerns remain. Global economy is yet to show signs of recovery. The U.S. manufacturing industry is still suffering from weakness although recently released industrial production data for November was better than expected. Moreover, phase-one trade deal is yet to be signed by the presidents of the United States and China.
So, wouldn’t it be a safer strategy to look for stocks that are winners currently and have the potential to gain further?
Sounds good? Here’s how to execute it:
One should primarily target stocks that have recently been on a bull run. Actually, stocks seeing price strength recently have a high chance of carrying the momentum forward.
If a stock is continuously witnessing an uptrend, there must be a solid reason or else it would have probably crashed. So, looking at stocks that are capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength 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 the current as well as the potential winners.
For the rest of this Screen of the Week article please visit Zacks.com at: Zacks Investment Research
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