Zacks.com Highlights: Kelly Services, Lam Research And ZAGG

For Immediate Release

Chicago, IL – November 15, 2017 - Stocks in this week’s article include: Kelly Services (NASDAQ:KELYA) , Lam Research (NASDAQ:LRCX) and ZAGG, Inc. (NASDAQ:ZAGG) .

Screen of the Week by Kevin Matras of Zacks Investment Research:

New Highs for the “New Highs” Stock Picking Strategy

With the market having made all-time highs, I thought I'd celebrate those record events by showcasing our 'New Highs' strategy, which is also making new highs! (YTD thru 5/12/17, it's up 28.1% vs. the S&P's 7.7%.)

This screen focuses on a powerful concept, and that's buying stocks making new highs.

If somebody were to ask you what your best stocks are, you would likely name the stocks moving up the most in your portfolio. Your worst stocks? The ones going lower, of course.

Simply put, the winners in your portfolio are the ones going up. Period.

If the stock is underperforming the market (or worse, going down), you'll quickly identify it as one of your worst holdings -- and you would be right to do so.

This being the case, it only makes sense that some of these will be making new highs along the way.

Don't Be Afraid of New Highs

I know some are reluctant to buy stocks making new 52-week highs. But there's no reason to be. I suppose some may feel like they've already missed it. Or that now it has more room to fall. But if a stock is making a new 52-week high, that's a 'good thing'. Just like a stock making a new 52-week low is a 'bad thing'.

And I'm pretty sure the person who dislikes buying stocks making new 52-week highs wouldn't be too upset if the stock he already owned, broke out to a new 52-week high. And why should he? As I've mentioned before, statistics have shown that stocks making new highs have a tendency of making even higher highs. These are the stocks we all dream about. Getting in and watching it go up.

Of course, the fundamentals need to be there. And you should keep a watchful eye on valuations. But if you were in a stock making new highs and cheering it on, it seems silly to be afraid of one doing the same just because you haven't bought it yet.

One question I like asking myself just to put things into perspective is: If I was in it, would I be excited and would I still want to be in it? If the answer is "yes" -- then I'll look for the best opportunity to get in. If the answer is "no, I would be looking to take profits" -- then I'll move on.

Embrace Stocks Making New Highs

This topic reminds me of a question someone asked me a while ago about a stock I was talking about that was at a new 52-week high. In fact, it was at a new 5-year high.

He said, "Aren't you worried about buying a stock at a 52-week high?" I said of course not. So it just made a new-52 week high. That's great news. Guess what -- last year it made a new 52-week high as well. And the year before that. And the year before that. Can you imagine all the money you'd be leaving on the table if you were afraid of being in stocks every time they made a new high?

And that's what we're screening for today…

For the rest of this Screen of the Week article please visit Zacks.com at: Zacks Investment Research

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Written By: Zacks Investment Research