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Chicago, IL – February 4, 2021 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Are Stocks Too Hot to Buy?
Welcome to Episode #258 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Senior Strategist, Kevin Cook, to talk about the red-hot stock market.
2021 is only 4 weeks old but stocks continued to rally to start the year, even as volatility related to the Wall Street Bets/Reddit short-squeeze trades put the jitters into the markets in January.
But many of those trades are now mostly complete.
Short-Squeeze Trades Cool Off
GameStop (GME - Free Report) , has, for the time being, stopped soaring to new highs and, instead, is now in a big sell-off.
Billions in market cap has been wiped away in just a few days.
AMC Entertainment (AMC - Free Report) is another that has reversed course. It traded as high as $20.36 during the short-squeeze but has retreated back under $10.
Chasing the Hot Stocks
But what if you had jumped into AMC when it was at $15? What now?
Some new traders did just that and are facing large losses.
There are always risks with any investment, especially the short-term trade.
But what about those stocks that aren't in the cross hairs of the WSB/Reddit gang, but have just been soaring anyway?
Pandemic Stock Plays Heat Up
Chipotle (CMG - Free Report) continues to dominate the fast-casual restaurant scene even during the pandemic. Nearly 50% of its revenue is now coming from the digital channel thanks to its great ordering app, delivery and pick-up options.
But shares are trading at all-time highs and sport a forward P/E of 69.
Should investors be buying on the high?
Novavax (NVAX - Free Report) is another pandemic beneficiary as it's developed a coronavirus vaccine that it hopes to roll out later this year.
Shares are up 137% so far in 2021.
Is it too hot to get in now?
And then there are some stocks that haven't been doing much over the last several months, including big semiconductor giant NVIDIA (NVDA - Free Report) .
Should you wait for a pullback or get in before it eventually goes higher?
There's a lot of investors "chasing" the hot stocks right now.
Find out all you need to know about keeping your cool in this volatile stock market on this week's podcast.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: GameStop, AMC Entertainment, Chipotle, Novavax and NVIDIA
For Immediate Release
Chicago, IL – February 4, 2021 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here:
Are Stocks Too Hot to Buy?
Welcome to Episode #258 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
This week, Tracey is joined by Zacks Senior Strategist, Kevin Cook, to talk about the red-hot stock market.
2021 is only 4 weeks old but stocks continued to rally to start the year, even as volatility related to the Wall Street Bets/Reddit short-squeeze trades put the jitters into the markets in January.
But many of those trades are now mostly complete.
Short-Squeeze Trades Cool Off
GameStop (GME - Free Report) , has, for the time being, stopped soaring to new highs and, instead, is now in a big sell-off.
Billions in market cap has been wiped away in just a few days.
AMC Entertainment (AMC - Free Report) is another that has reversed course. It traded as high as $20.36 during the short-squeeze but has retreated back under $10.
Chasing the Hot Stocks
But what if you had jumped into AMC when it was at $15? What now?
Some new traders did just that and are facing large losses.
There are always risks with any investment, especially the short-term trade.
But what about those stocks that aren't in the cross hairs of the WSB/Reddit gang, but have just been soaring anyway?
Pandemic Stock Plays Heat Up
Chipotle (CMG - Free Report) continues to dominate the fast-casual restaurant scene even during the pandemic. Nearly 50% of its revenue is now coming from the digital channel thanks to its great ordering app, delivery and pick-up options.
But shares are trading at all-time highs and sport a forward P/E of 69.
Should investors be buying on the high?
Novavax (NVAX - Free Report) is another pandemic beneficiary as it's developed a coronavirus vaccine that it hopes to roll out later this year.
Shares are up 137% so far in 2021.
Is it too hot to get in now?
And then there are some stocks that haven't been doing much over the last several months, including big semiconductor giant NVIDIA (NVDA - Free Report) .
Should you wait for a pullback or get in before it eventually goes higher?
There's a lot of investors "chasing" the hot stocks right now.
Find out all you need to know about keeping your cool in this volatile stock market on this week's podcast.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.