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Wall Street has diverted into risk-off mode heading into Nvidia’s earnings release on Wednesday. Investors are dumping everything from Bitcoin to Constellation Energy and Tesla as they race to protect profits after the massive post-Trump election run.
The rapid selloff is impacting the biggest momentum names and helping cool off an overheated market.
See the Zacks Earnings Calendar to stay ahead of market-making news.
Thankfully, plenty of stocks look ripe for the picking. Some strong stocks are still trading near their highs because they never got too far over their skis during the recent rally.
With this in mind, let’s dig into how investors can use a Zacks screen to help find some of the best Zacks Rank #1 (Strong Buy) stocks to consider buying as we head into March.
Zacks Rank #1 (Strong Buy) stocks outperform the market in good and bad times. However, there are over 200 stocks that earn a Zacks Rank #1 at any given time.
Therefore, it’s helpful to understand how to apply filters to the Zacks Rank in order to narrow the list down to a more manageable and tradable set of stocks.
Parameters
Clearly, there are only three items on this screen. But together, these three filters can result in some impressive returns.
• Zacks Rank equal to 1
Starting with a Zacks Rank #1 is often a strong jumping off point because it boasts an average annual return of roughly 24.4% per year since 1988.
• % Change (Q1) Est. over 4 Weeks greater than 0
Positive current quarter estimate revisions over the last four weeks.
• % Broker Rating Change over 4 Week equal to Top # 5
Top 5 stocks with the best average broker rating changes over the last four weeks.
This strategy comes loaded with the Research Wizard and is called bt_sow_filtered zacks rank5. It can be found in the SoW (Screen of the Week) folder.
Here is one of the five stocks that qualified for the Filtered Zacks Rank 5 strategy today…
Why This Under-the-Radar Finance Stock is a Must-Buy Right Now
1st Source (SRCE) is the largest locally controlled financial institutions headquartered in the northern Indiana-southwestern Michigan area. The company operates banking centers across its region. On top of that, the firm has 1st Source Bank Specialty Finance Group locations around the country, as well as several Wealth Advisory Services locations and 1st Source Insurance offices. In total, 1st Source offers a wide range of consumer and commercial banking services.
Image Source: Zacks Investment Research
1st Source topped our EPS estimates for six straight quarters, and its earnings outlook has skyrocketed over the last year. The Midwestern banking standout’s FY25 EPS estimate has jumped 8% in the last month alone, with its FY26 estimate 10% higher, landing SRCE its Zacks Rank #1 (Strong Buy).