Zacks
Zacks.com featured highlights include Sensus Healthcare, Super Micro Computer, Universal Logistics Holdings, Arcosa and Celsius Holdings
Zacks Equity Research
7 min read

In This Article:

For Immediate Release

Chicago, IL – August 10, 2022 – Stocks in this week’s article are Sensus Healthcare Inc. SRTS, Super Micro Computer Inc. SMCI, Universal Logistics Holdings Inc. ULH, Arcosa Inc. ACA and Celsius Holdings Inc. CELH.

5 Stocks with Recent Price Strength to Enrich Your Portfolio

Wall Street entered August after an impressive bull run in July. The July rally snapped six months of rigorous market meltdown. Last month was the best since November 2020. The bull run is likely to continue in August supported by better-than-expected second-quarter earnings results and solid economic data. These two positives have eased to some extent the growing concerns of a near-term recession.

A high dose of interest rate therapy and extremely tight monetary control by the Fed to combat the  record-high inflation might give positive signals. On Jul 27, Fed Chairman Jerome Powell indicated that the central bank might reduce the magnitude of rate hikes going forward, depending on economic data.

However, both Powell and Treasury Secretary Janet Yellen said that despite two consecutive quarters of U.S. GDP contraction, the economy is not in recession as major macro-economic variables do not indicate so.

In line with the recent Wall Street rally, a handful of stocks have shown price strength. These stocks are likely to gain in the near term buoyed by a favorable Zacks Rank. Five of them are — Sensus Healthcare Inc., Super Micro Computer Inc., Universal Logistics Holdings Inc., Arcosa Inc. and Celsius Holdings Inc..

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.

Let's discuss five out of these 14 stocks:
 
Sensus Healthcare is a medical device company specializing in the treatment of non-melanoma skin cancers and other skin conditions, such as keloids, with superficial radiation therapy. SRTS' portfolio of treatment devices consists of the SRT-100 and SRT-100 Vision.

The stock price of Sensus Healthcare has soared 52.8% in the past four weeks. SRTS has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3.9% over the last 7 days.

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice
More Info

Recommended Stories