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Zacks.com featured highlights Expro Group Holdings, Asure Software, Luna Innovations, Bowman Consulting Group and Perion Network
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For Immediate Release
Chicago, IL – January 11, 2023 – Stocks in this week’s article are Expro Group Holdings N.V. (XPRO - Free Report) , Asure Software Inc. (ASUR - Free Report) , Luna Innovations Inc. (LUNA - Free Report) , Bowman Consulting Group Ltd. (BWMN - Free Report) and Perion Network Ltd. (PERI - Free Report) .
5 Stocks with Recent Price Strength Amid Uncertainty
Wall Street wrapped up 2022 as the worst year since 2008, terminating a three-year winning streak. Major stock indexes suffered a bloody blow last year. The Dow fell 8.8% year over year and 10.3% from its record high. The S&P 500 tumbled 19.4% year over year and more than 20% from its all-time high. The Nasdaq Composite plummeted 33.1% year over year and 32.9% from its all-time high.
Inflation is still stuck at its 40-year high level. This is due to the pandemic-led destruction of the global supply-chain system and strong demand from U.S. citizens due to unprecedented fiscal and monetary stimuli, aggressive interest rate hikes by major central banks led by the Fed, lockdown in China due to the resurgence of COVID-19 infections and geopolitical conflict between Russia and Ukraine that rattled the global financial world last year.
U.S. stock markets started 2023 with huge fluctuations. Volatility is likely to continue in January as market participants will keenly watch the major economic data of December 2022. Moreover, the next FOMC meeting of the Fed will start on Feb 1, which would lead the foundation of the central bank’s policies for 2023.
However, defying recent volatility, a handful of stocks have shown price strength. These stocks are likely to gain in the near term and are backed by a favorable Zacks Rank. Five of them are Expro Group Holdings N.V.,Asure Software Inc., Luna Innovations Inc., Bowman Consulting Group Ltd. and Perion Network Ltd.
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.
Let’s discuss five out of these 21 stocks:
Expro Group is engaged in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. XPRO provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services.
The stock price of XPRO has jumped 26.8% in the past four weeks. Expro Group has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate current-year earnings has improved 15.2% over the last 30 days.
Asure Software provides cloud-based human capital management and workspace management solutions worldwide. ASUR offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes.
The stock price of Asure Software has climbed 26.2% in the past four weeks. ASUR has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 27.3% over the last 60 days.
Luna Innovations develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. LUNA develops technologies in four primary areas: Sensors & Systems, Health Sciences, Materials & Secure Computing. LUNA's product offerings generally fit into two categories: Instrumentation, Test & Measurement & Healthcare. The products are used to measure, monitor, protect and improve critical processes in the markets we serve
The stock price Luna Innovations has surged 21.6% in the past four weeks. LUNA has an expected earnings growth rate of 57.1% for next year. The Zacks Consensus Estimate for next-year earnings has improved 0.1% over the last 30 days.
Bowman Consulting Group provides planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets.
The stock price of Bowman Consulting Group has advanced 13.3% in the past four weeks. BWMN has an expected earnings growth rate of 54% for the current year. The Zacks Consensus Estimate for next-year earnings has improved 24.2% over the last 60 days.
Perion Network is a global technology company that delivers online advertising solutions and search monetization to brands and publishers. PERI is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. PERI’s largest divisions are Undertone and CodeFuel.
The stock price of Perion Network has rallied 10.2% in the past four weeks. PERI has an expected earnings growth rate of 3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% 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 today. 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 Expro Group Holdings, Asure Software, Luna Innovations, Bowman Consulting Group and Perion Network
For Immediate Release
Chicago, IL – January 11, 2023 – Stocks in this week’s article are Expro Group Holdings N.V. (XPRO - Free Report) , Asure Software Inc. (ASUR - Free Report) , Luna Innovations Inc. (LUNA - Free Report) , Bowman Consulting Group Ltd. (BWMN - Free Report) and Perion Network Ltd. (PERI - Free Report) .
5 Stocks with Recent Price Strength Amid Uncertainty
Wall Street wrapped up 2022 as the worst year since 2008, terminating a three-year winning streak. Major stock indexes suffered a bloody blow last year. The Dow fell 8.8% year over year and 10.3% from its record high. The S&P 500 tumbled 19.4% year over year and more than 20% from its all-time high. The Nasdaq Composite plummeted 33.1% year over year and 32.9% from its all-time high.
Inflation is still stuck at its 40-year high level. This is due to the pandemic-led destruction of the global supply-chain system and strong demand from U.S. citizens due to unprecedented fiscal and monetary stimuli, aggressive interest rate hikes by major central banks led by the Fed, lockdown in China due to the resurgence of COVID-19 infections and geopolitical conflict between Russia and Ukraine that rattled the global financial world last year.
U.S. stock markets started 2023 with huge fluctuations. Volatility is likely to continue in January as market participants will keenly watch the major economic data of December 2022. Moreover, the next FOMC meeting of the Fed will start on Feb 1, which would lead the foundation of the central bank’s policies for 2023.
However, defying recent volatility, a handful of stocks have shown price strength. These stocks are likely to gain in the near term and are backed by a favorable Zacks Rank. Five of them are Expro Group Holdings N.V.,Asure Software Inc., Luna Innovations Inc., Bowman Consulting Group Ltd. and Perion Network Ltd.
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.
Let’s discuss five out of these 21 stocks:
Expro Group is engaged in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. XPRO provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity services.
The stock price of XPRO has jumped 26.8% in the past four weeks. Expro Group has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate current-year earnings has improved 15.2% over the last 30 days.
Asure Software provides cloud-based human capital management and workspace management solutions worldwide. ASUR offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes.
The stock price of Asure Software has climbed 26.2% in the past four weeks. ASUR has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 27.3% over the last 60 days.
Luna Innovations develops and manufactures new-generation products for the healthcare, telecommunications, energy and defense markets. LUNA develops technologies in four primary areas: Sensors & Systems, Health Sciences, Materials & Secure Computing. LUNA's product offerings generally fit into two categories: Instrumentation, Test & Measurement & Healthcare. The products are used to measure, monitor, protect and improve critical processes in the markets we serve
The stock price Luna Innovations has surged 21.6% in the past four weeks. LUNA has an expected earnings growth rate of 57.1% for next year. The Zacks Consensus Estimate for next-year earnings has improved 0.1% over the last 30 days.
Bowman Consulting Group provides planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets.
The stock price of Bowman Consulting Group has advanced 13.3% in the past four weeks. BWMN has an expected earnings growth rate of 54% for the current year. The Zacks Consensus Estimate for next-year earnings has improved 24.2% over the last 60 days.
Perion Network is a global technology company that delivers online advertising solutions and search monetization to brands and publishers. PERI is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. PERI’s largest divisions are Undertone and CodeFuel.
The stock price of Perion Network has rallied 10.2% in the past four weeks. PERI has an expected earnings growth rate of 3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% 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 today. 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/2037144/5-stocks-with-recent-price-strength-amid-uncertainty
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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Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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.