T:he shifted the momentum of his S&P 500 to the new year, on Monday the benchmark closed with new high levels. The Dow also climbed to new highs, while the Nasdaq was up 1.2%. The high-tech index on Tuesday reversed those gains as Wall Street made some gains, probably starting to focus on recently rising interest rates.
At the same time, the Dow recorded another strong day due to Caterpillar, JPMorgan and other non-tech stocks. The difference could signal that investors are once again beginning to worry about high interest rates and their impact on stocks focused on growth, with technology being the highlight.
However, it is difficult to imagine investors going out of stock, and consequently technology stocks taking into account their huge impact on the indexes և passive investment.
Many obstacles are expected in 2022. Fortunately, many market forces for stocks remain fairly high, and history suggests that Wall Street may move a strong year ahead of its stellar growth.
With that in mind, let’s use our Filtered Zacks Rank 5 Stock Screen to find potential winners to start the year…
Zacks Rank # 1 (strong buy) stocks outperform the market in both good and bad times. However, there are over 200 stocks that get Zacks Rank # 1 at any given time. Therefore, it is useful to understand how to apply filters in Zacks Rank so that the list is limited to a more manageable stock market.
Obviously, there are only three elements to this screen. But these three filters together can lead to some impressive returns.
• Zacks Rank is equal to 1
Starting at number 1 on the Zacks Rank is often a strong leap, as it boasts an average annual yield of approximately 24.4% per annum since 1988.
•% Change (Q1) Price. More than 0 in 4 weeks
Positive reviews for the current quarter’s assessment over the last four weeks.
•% Broker rating change in 4 weeks, equal to Top # 5
The top 5 stocks with the best average brokerage rating have changed over the last four weeks.
This strategy is equipped with a Research Wizard called bt_sow_filtered zacks rank5. It can be found in the SoW (Week Screen) folder.
They are here two that: five Shares Qualified for Filtered Zacks Rank 5 Strategy Today…
Commercial Metals Company CMC:
Commercial Metals Company produces, processes և produces steel և metal items. CMC also provides related materials, services through an extensive network, including mini arc furnaces, steel mills, refineries, and more.
Commercial Metals’ 2022 outlook is strong, with revised estimates for the ֆինանսական 22 և 23 fiscal year rising after the fourth-quarter October report. Shares of CMC have risen 85% in the last year, և Commercial Metals has now received a total of “A” VGM points.
Oxford Industries, Inc. OXM:
Oxford Industries is a clothing giant that owns Tommy Bahama, Lilly Pulitzer, Southern Tide and other brands. Oxford Industries has expanded its portfolio over the years, with huge growth in 2021.
Oxford Industries has beaten our final estimates for the last three quarters. OXM shares are rated “B” for growth և “A” for momentum in our Style Scores system right now. In addition, Oxford Industries is part of the highly rated Zacks industry, with its share price up 60% in the last year.
Check out the rest of the shares on this list և start selling Filtered Zacks Rank 5 (or any of our other strategies) on your own account. Remember that the key to a successful search is to find screens that have previously yielded beneficial results. And that’s exactly what you get through the Research Wizard հավաք stock collection և feedback test program.
Get the rest of the shares on this list և start looking for the latest companies that meet these criteria. It’s easy to do. And it can help you find your next big winner. Start browsing these companies today with a free trial of Wizard Research. You can do it.
Click here to sign up for the free Research Wizard trial today.
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Revelation. Zacks Investment Research officers, directors և / or employees may hold or sell short securities և / or hold long և / or short positions in the options listed in this article. An affiliated investment advisory firm may hold or sell short securities և / or hold long և / or short positions in the options listed in this article.
Revelation. Information on the performance of Zacks portfolios և strategies is available at: https://www.zacks.com/performance/
Today’s stock from the best Zacks screens
Would you like to take a look at some of Zacks’ latest stock strategies? From 2016 to 2020, while the market grew by 103.9%, we saw the following results: Filtered Zacks Rank5 + 424.1%, New Highs + 429.0%, Technical analysis և Basic analysis + 477.8%, և Value Method 1 + 580.0%:
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Commercial Metals Company (CMC). Free Stock Analysis Report
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