For Immediate Release
Chicago, IL – January 20, 2022 – Stocks in this week’s article are Metropolitan Bank Holding Corp.
MCB
, Horizon Bancorp Inc.
HBNC
, CBIZ Inc.
CBZ
, Sensus Healthcare Inc.
SRTS
and Ocwen Financial Corp.
OCN
.
5 Stocks with Recent Price Strength for a Volatile January
Wall Street has been suffering since the beginning of 2022 after finishing two successive impressive years despite being pandemic-ridden. In fact, severe volatility has gripped U.S. stock markets since Black Friday of 2021 with the resurgence of the Omicron variant of coronavirus and the Fed’s decision of a drastic shift from ultra-dovish monetary policies to a relatively hawkish stance.
Although, Fed Chairman Jerome Powell refrained from commenting anything on when the Fed will raise the benchmark lending rate and at what magnitude, Fed’s dot-plot indicates that all 18 members are expecting at least one rate hike in 2022. Of 18 Fed members, 12 expect three rate hikes in 2022 followed by two more in 2023 and 2024. Several analysts also warned that the Fed might hike rates as early as March.
The primary concern of the central bank is soaring inflation. The pandemic-led global disruption of the supply-chain system inflated input costs while growing demand is pulling up the general price level. In the United States, the consumer price index jumped to a 40-year high in December.
Several stocks have gained in the past four weeks. Notable among them are —
Metropolitan Bank Holding Corp.
,
Horizon Bancorp Inc.
,
CBIZ Inc.
,
Sensus Healthcare Inc.
and
Ocwen Financial Corp
.
Here’s How We Arrived at the Picks
We have primarily targeted stocks that have freshly been on a bull run. 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 it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.
However, recent price strength alone cannot create magic. Therefore, other relevant parameters are needed 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/1853668/5-stocks-with-recent-price-strength-in-a-volatile-january
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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the “#1 site for screening stocks” by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
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for information about the performance numbers displayed in this press release.
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