For Immediate Release
Chicago, IL – December 30, 2016 – Today, Zacks Investment Ideas feature highlights Features: Arch Coal (NYSE:ARCH – Free Report),Nvidia (NASDAQ:NVDA – Free Report),On Track Innovations (NASDAQ:OTIV – Free Report),Kemet Corp (NYSE:KEM – Free Report) and Tilly's (NYSE:TLYS – Free Report).
5 Zacks Rank #1 (Strong Buy) Stocks That Doubled
As we close out the year it is an excellent time to look at how some Zacks Rank #1 (Strong Buy) stocks have performed. I ran a screen of #1's that doubled (or more) over the last 52 weeks and saw that there were 23 names on this list.
The Zacks Rank is focused on recent earnings estimate revisions, so a stock with a Zacks Rank #1 (Strong Buy) now might not have had the same rank at the start of the year. That said, this will still show some recent winners that have moved in a big way this year.
Fire It Up!
The first stock I want to highlight is the one with the biggest YTD return. Arch Coal (NYSE:ARCH – Free Report) has increased an amazing 7917% over the last 52 weeks. Clearly, this is a Trump play on the President Elect's plan to "keep coal alive" so this gain is truly one of a kind.
The stock currently has a Growth Style Score of "B" and looks to be reporting earnings early in the new year. That said, I would want to wait to see the report before digging too deep for this stock.
Current shareholder of this stock have me to thank for at least some it sales. Santa filled my stocking with coal again this year, extending the streak to ... well my entire life.
Triples for Two Chips
Two names on the list come from the semiconductor space. First is the recent market darling Nvidia (NASDAQ:NVDA – Free Report) which posted a gain of 231% over the last 52 weeks.
Investing in the chips stocks has been better than playing the ponies this year, and shareholders of On Track Innovations (NASDAQ:OTIV – Free Report) know what I mean. That chip stock is up a huge 266% over the last 52 weeks.
One of our resident traders has been playing the options for NVDA recently, and he believes the stock could be pinned to $110 for the Friday (12/30/16) options expiration.
Single Digit Winner
Kemet Corp (NYSE:KEM – Free Report) is a Zacks Rank #1 (Strong Buy) and has posted a 52 week return of 184%. A quick look at the chart shows a lot of that move has come in November and December, but the future looks bright for this stock. It has a Value and Growth Style Score of "A" so there is a lot to like here.
Recent Retail Runner
Finally, we have Tilly's (NYSE:TLYS – Free Report) which recently posted a solid quarter and a remarkable move higher. A certain televised pundit that speaks about "insane currency" suggested that the run might be over for this stock as it moved to $15, but on the earnings conference call management spoke to the idea of good early holiday sales.
We won't hear how the holiday went for TLYS for another month or two, but it is one name to keep on your list.
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Follow Brian Bolan on twitter at @BBolan1
Want more articles from this author? Go to Zacks.com on this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
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ARCH COAL INC (ARCH): Free Stock Analysis Report
NVIDIA CORP (NVDA): Free Stock Analysis Report
ON TRACK INNOV (OTIV): Free Stock Analysis Report
KEMET CORP (KEM): Free Stock Analysis Report
TILLYS INC (TLYS): Free Stock Analysis Report
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