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Zacks.com featured highlights include Lantheus Holdings, Alpha Metallurgical Resources, PDC Energy, CONSOL Energy and Bancolombia
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For Immediate Release
Chicago, IL – March 24, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. , Alpha Metallurgical Resources Inc. (AMR - Free Report) , PDC Energy Inc. , CONSOL Energy Inc. (CEIX - Free Report) and Bancolombia S.A. (CIB - Free Report) .
5 Stocks with Recent Price Strength to Tap Wall Street Rally
Last week was an interesting one for Wall Street. The Fed raised the benchmark interest rate for the first time in more than three years and warned of harsher measures in the future if rate hike fails to cool mounting inflation, which is currently at its 40-year high. Moreover, the geopolitical conflict between Russia and Ukraine has continued for nearly a month.
Yet, the U.S. stock markets rallied last week. The major stock indexes recorded their best weekly performance since November 2020. The north bound movement of U.S. stocks continued for the first two trading days of this week too. This came after Wall Street's severe bad patch since mid-January in contrast to astonishing performance in the pandemic-ridden 2020 and 2021.
Therefore, the market was oversold even before the Fed hiked its interest rate. Additionally, the way the rate-sensitive technology and consumer discretionary sectors climbed last week, it seems that a 2% hike in the interest rate this year is already priced in market valuation. Consequently, the rise in the Fed fund rate, which was in line with market's expectation bolstered investors' confidence in risky assets like equities.
The fundamentals of the U.S. economy remained strong. Furthermore, the economy will get more upside from the government's $1.2 trillion infrastructure spending for the next eight years. Additionally, the White House wants the Congress to quickly pass legislation, providing $52 billion to help computer chip manufacturers and ease the shortage of the components vital to many industries. Going forward, these will be the key driver of the U.S. economy.
Several stocks have gained in the past four weeks. Notable among them are — Lantheus Holdings Inc., Alpha Metallurgical Resources Inc., PDC Energy Inc., CONSOL Energy Inc. and Bancolombia S.A.
Let's discuss our five picks out of the 19 stocks:
Lantheus Holdings is involved in developing, manufacturing, selling and distributing diagnostic medical imaging agents and products for the diagnosis of cardiovascular and other diseases. LNTH serves to hospitals, clinics, group practices, integrated delivery networks, group purchasing organizations, radiopharmacies and wholesalers.
The stock price of Lantheus Holdings has soared 92.4% in the past four weeks. LNTH has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved more than 100% over the last 30 days.
Alpha Metallurgical Resources is a mining company that produces, processes, and sells met and thermal coal in Virginia and West Virginia. AMR supplies metallurgical products to the steel industry.
The stock price of Alpha Metallurgical Resources has jumped 36.8% in the past four weeks. AMR has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 43.9% over the last 30 days.
PDC Energy is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The SRC Energy deal in 2020 has made PDCE the second-largest oil producer in the DJ Basin to go with its existing Delaware acreage.
PDC Energy has a favorable debt maturity profile with little in near-term due, while a disciplined approach to capital spending together with surging oil and natural gas prices should boost cumulative free cash flow generation to $2.7 billion in 2022 and 2023.
The stock price of PDC Energy has climbed 31.3% in the past four weeks. PDCE has an expected earnings growth rate of 67.8% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.7% over the last 7 days.
CONSOL Energy produces and exports bituminous coal in the United States. CEIX operates through PAMC, CONSOL Marine Terminal, and Other segments. CONSOL Energy is engaged in the mining, preparation and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users; and provision of coal export terminal services, as well as development of the Itmann Mine and the Greenfield reserves.
The stock price of CONSOL Energy has surged 23.4% in the past four weeks. CEIX has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 45% over the last 30 days.
Bancolombia provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. CIB operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
The stock price of Bancolombia has advanced 16.7% in the past four weeks. CIB has an expected earnings growth rate of 17.1% for the current year. The Zacks Consensus Estimate for current-year earnings improved 21.7% over the last 30 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial to day. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.com featured highlights include Lantheus Holdings, Alpha Metallurgical Resources, PDC Energy, CONSOL Energy and Bancolombia
For Immediate Release
Chicago, IL – March 24, 2022 – Stocks in this week’s article are Lantheus Holdings Inc. , Alpha Metallurgical Resources Inc. (AMR - Free Report) , PDC Energy Inc. , CONSOL Energy Inc. (CEIX - Free Report) and Bancolombia S.A. (CIB - Free Report) .
5 Stocks with Recent Price Strength to Tap Wall Street Rally
Last week was an interesting one for Wall Street. The Fed raised the benchmark interest rate for the first time in more than three years and warned of harsher measures in the future if rate hike fails to cool mounting inflation, which is currently at its 40-year high. Moreover, the geopolitical conflict between Russia and Ukraine has continued for nearly a month.
Yet, the U.S. stock markets rallied last week. The major stock indexes recorded their best weekly performance since November 2020. The north bound movement of U.S. stocks continued for the first two trading days of this week too. This came after Wall Street's severe bad patch since mid-January in contrast to astonishing performance in the pandemic-ridden 2020 and 2021.
Therefore, the market was oversold even before the Fed hiked its interest rate. Additionally, the way the rate-sensitive technology and consumer discretionary sectors climbed last week, it seems that a 2% hike in the interest rate this year is already priced in market valuation. Consequently, the rise in the Fed fund rate, which was in line with market's expectation bolstered investors' confidence in risky assets like equities.
The fundamentals of the U.S. economy remained strong. Furthermore, the economy will get more upside from the government's $1.2 trillion infrastructure spending for the next eight years. Additionally, the White House wants the Congress to quickly pass legislation, providing $52 billion to help computer chip manufacturers and ease the shortage of the components vital to many industries. Going forward, these will be the key driver of the U.S. economy.
Several stocks have gained in the past four weeks. Notable among them are — Lantheus Holdings Inc., Alpha Metallurgical Resources Inc., PDC Energy Inc., CONSOL Energy Inc. and Bancolombia S.A.
Let's discuss our five picks out of the 19 stocks:
Lantheus Holdings is involved in developing, manufacturing, selling and distributing diagnostic medical imaging agents and products for the diagnosis of cardiovascular and other diseases. LNTH serves to hospitals, clinics, group practices, integrated delivery networks, group purchasing organizations, radiopharmacies and wholesalers.
The stock price of Lantheus Holdings has soared 92.4% in the past four weeks. LNTH has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved more than 100% over the last 30 days.
Alpha Metallurgical Resources is a mining company that produces, processes, and sells met and thermal coal in Virginia and West Virginia. AMR supplies metallurgical products to the steel industry.
The stock price of Alpha Metallurgical Resources has jumped 36.8% in the past four weeks. AMR has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 43.9% over the last 30 days.
PDC Energy is an independent upstream operator engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids in the United States. The SRC Energy deal in 2020 has made PDCE the second-largest oil producer in the DJ Basin to go with its existing Delaware acreage.
PDC Energy has a favorable debt maturity profile with little in near-term due, while a disciplined approach to capital spending together with surging oil and natural gas prices should boost cumulative free cash flow generation to $2.7 billion in 2022 and 2023.
The stock price of PDC Energy has climbed 31.3% in the past four weeks. PDCE has an expected earnings growth rate of 67.8% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.7% over the last 7 days.
CONSOL Energy produces and exports bituminous coal in the United States. CEIX operates through PAMC, CONSOL Marine Terminal, and Other segments. CONSOL Energy is engaged in the mining, preparation and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users; and provision of coal export terminal services, as well as development of the Itmann Mine and the Greenfield reserves.
The stock price of CONSOL Energy has surged 23.4% in the past four weeks. CEIX has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 45% over the last 30 days.
Bancolombia provides various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. CIB operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
The stock price of Bancolombia has advanced 16.7% in the past four weeks. CIB has an expected earnings growth rate of 17.1% for the current year. The Zacks Consensus Estimate for current-year earnings improved 21.7% over the last 30 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial to day. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1243320/5-stocks-with-recent-price-strength-to-tap-market-rally
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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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.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.