Zacks.com featured highlights include: Daqo New Energy, The Bancorp, Universal Technical Institute, First Western Financial and Forterra

For Immediate Release

Chicago, IL – February 24, 2020 – Stocks in this week’s article are Daqo New Energy Corp. DQ, The Bancorp Inc. TBBK, Universal Technical Institute Inc. UTI, First Western Financial Inc. MYFW and Forterra Inc. FRTA.

5 Stocks with Recent Price Strength to Enhance Your Portfolio

Wall Street seems to be carrying on from where it left off in 2019, with the bull run showing no signs of relenting despite the coronavirus outbreak. All three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — look unstoppable in their northbound movement. A stable U.S. economy, an accommodative Fed and better-than expected corporate earnings and guidance is only going to add fuel to the momentum.

More importantly, despite the outbreak of the coronavirus, total earnings of the S&P 500 index for the ensuing first-quarter 2020, are now expected to be up 1% on 5% higher revenues year over year. Consequently, all three major stock indexes achieved several fresh highs this year. In fact, the benchmark S&P 500 has recorded 14 highs so far this year.

At this stage, 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:https://www.zacks.com/stock/news/776882/5-stocks-with-recent-price-strength-to-enhance-your-portfolio

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

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Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Universal Technical Institute Inc (UTI) : Free Stock Analysis Report
 
The Bancorp, Inc. (TBBK) : Free Stock Analysis Report
 
DAQO New Energy Corp. (DQ) : Free Stock Analysis Report
 
FORTERRA INC (FRTA) : Free Stock Analysis Report
 
First Western Financial, Inc. (MYFW) : Free Stock Analysis Report
 
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