From Nasdaq: 2024-05-20 08:50:05

Short-term investing and trading success relies on following trends, but sustaining them can be challenging. To profit, confirm factors like strong fundamentals and positive earnings estimates that support the stock’s momentum. Teekay Tankers (TNK) is a prime example, with a 32.9% gain over 12 weeks and a 27.1% increase in the last four weeks. TNK also boasts a Zacks Rank of #1 and an Average Broker Recommendation of #1, showing strong fundamental backing for its upward trend.

The “Recent Price Strength” screen offers valuable insight for trend investors, highlighting stocks with strong fundamentals that are trading near their 52-week high. TNK is one such stock, showing promise with positive price movement percentages and strong analyst recommendations. Investors should also consider other stocks passing through this screen to find potential winners.

When seeking winning stock picks, investors can utilize various Zacks Premium Screens to find stocks that fit their investing style. Backtesting historical data using the Zacks Research Wizard can help verify a strategy’s past profitability. By following proven strategies and staying informed on market trends, investors can make informed decisions and potentially achieve significant returns.

Zacks experts have identified a little-known chemical company with potential for explosive upside in the coming months. With promising earnings estimates, high demand, and significant funds allocated for share repurchases, this stock offers an attractive opportunity for retail investors. Comparing to previous Zacks picks like Boston Beer Company and NVIDIA, this stock shows strong growth potential and may outperform other market giants.

For more stock recommendations and in-depth analysis, investors can download the latest Zacks Investment Research report featuring the top stocks to consider for the next 30 days. By staying informed on expert analysis and market trends, investors can make strategic decisions to potentially maximize their returns in the market.



Read more at Nasdaq: Here’s Why Momentum in Teekay Tankers (TNK) Should Keep going