High-Volume Trading Suggests it’s Time to Buy These Top-Rated Stocks
From Nasdaq:
With high trading volume indicating less volatility and more buyers in the market, it may be time to consider buying top-rated Zacks stocks. Amazon (AMZN) has seen spikes in shares, sporting an average trading volume of over 42 million. AGNC Investment (AGNC) has seen an average volume of over 13 million shares traded daily. Citigroup (C) sports a Zacks Rank #2 (Buy) and is drawing a lot of interest before its fourth quarter earnings report on Friday, January, 12.
Bullish price targets and strong growth prospects have propelled Amazon’s stock, up 17% in the last three months. AGNC Investment offers a current dividend yield of 14.46% and a low long-term debt/equity ratio of 1.3%. Trading at 9.1X forward earnings multiple, Citigroup hit 52-week highs of $54.75 a share last Thursday.
Higher trading volume suggests there may be upside in store for Amazon, AGNC Investment, and Citigroup’s stock. The stocks are ideal “buy-the-dip” candidates on a pullback. Zacks experts also recommend five stocks set to double, with soaring previous recommendations.
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