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5 Stocks with Recent Price Strength to Enhance Your Portfolio
The September syndrome is already visible in U.S. stock markets. Known as the worst-performing month for Wall Street, the situation remains challenging this year, too. Major stock indexes suffered significant losses in the first week of this month. However, last week, was the best for these indexes in 2024.
Consequently, a handful of stocks have shown price strength. We have primarily targeted stocks that have recently been on a bull run. Such stocks 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.
Just these few criteria narrowed down the search from over 7,700 stocks to 13.
Let’s discuss five out of these 13 stocks:
Byrna Technologies Inc. is a less-lethal self-defense technology company, engaged in the development, manufacture, and sale of less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.
BYRN’s products include handheld personal security devices and shoulder-fired launchers designed for use by consumers and professional security customers without the need for a background check or firearms license; projectiles, including chemical irritant, kinetic, and inert rounds; self-defense aerosol products comprising Byrna Bad Guy Repellent, and accessories and related safety products, such as Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparel.
The stock price of Byrna Technologies has jumped 49.3% in the past four weeks. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved more than 100% over the last 30 days.
Idaho Strategic Resources Inc. is a resource-based company, engaged in exploring developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho.
IDR’s portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho, approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent unpatented mineral property located within the MGB, rare earth element projects located in the Idaho REE-Th Belt near Salmonand early-stage exploration properties in Central Idaho.
The stock price of Idaho Strategic Resources has climbed 34% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Limbach Holdings Inc. operates as a building systems solution company in the United States. LMB operates through two segments, General Contractor Relationships and Owner Direct Relationships. LMB is engaged in construction and renovation projects that primarily include mechanical, plumbing, and electrical services.
LMB also provides critical system repair, MEP infrastructure projects, maintenance contracts, building automation upgrades, data-driven insights, and program management services.
The stock price of Limbach Holdings has surged 19.63% in the past four weeks. It has an expected earnings growth rate of 38.1% for the current year. The Zacks Consensus Estimate for current-year earnings improved 2.5% over the last 30 days.
Sezzle Inc. operates as a technology-enabled payments company primarily in the United States and Canada. SEZL provides its proprietary payments solution in-store and at online retail stores that connects consumers with merchants.
SEZL also offers the Sezzle Platform, which provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time.
The stock price of Sezzle has appreciated 17.1% in the past four weeks. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 37.2% over the last 60 days.
BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally. BWAY serves doctors, hospitals, and medical centers in the field of psychiatry.
BWAY offers Deep Transcranial Magnetic Stimulation platform technology for the treatment of major depressive disorders, anxious depression, obsessive-compulsive disorders, smoking addiction, bipolar disorders, post-traumatic stress disorders, schizophrenia, Alzheimer's disease, autism, chronic pain, multiple sclerosis, post-stroke rehabilitation, and Parkinson's diseases.
The stock price of BrainsWay has advanced 11.4% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has increased more than 100% over the last 60 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.
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 Byrna Technologies, Idaho Strategic Resources, Limbach Holdings, Sezzle and BrainsWay
For Immediate Release
Chicago, IL – September 19, 2024 – Stocks in this week’s article are Byrna Technologies Inc. (BYRN - Free Report) , Idaho Strategic Resources Inc. (IDR - Free Report) , Limbach Holdings Inc. (LMB - Free Report) , Sezzle Inc. (SEZL - Free Report) and BrainsWay Ltd. (BWAY - Free Report) .
5 Stocks with Recent Price Strength to Enhance Your Portfolio
The September syndrome is already visible in U.S. stock markets. Known as the worst-performing month for Wall Street, the situation remains challenging this year, too. Major stock indexes suffered significant losses in the first week of this month. However, last week, was the best for these indexes in 2024.
Consequently, a handful of stocks have shown price strength. We have primarily targeted stocks that have recently been on a bull run. Such stocks 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.
Just these few criteria narrowed down the search from over 7,700 stocks to 13.
Let’s discuss five out of these 13 stocks:
Byrna Technologies Inc. is a less-lethal self-defense technology company, engaged in the development, manufacture, and sale of less-lethal personal security solutions in the United States, South Africa, Europe, South America, Asia, and Canada.
BYRN’s products include handheld personal security devices and shoulder-fired launchers designed for use by consumers and professional security customers without the need for a background check or firearms license; projectiles, including chemical irritant, kinetic, and inert rounds; self-defense aerosol products comprising Byrna Bad Guy Repellent, and accessories and related safety products, such as Byrna Banshee, Byrna Shield, compressed carbon dioxide canisters, sighting systems, holsters, and Byrna-branded apparel.
The stock price of Byrna Technologies has jumped 49.3% in the past four weeks. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved more than 100% over the last 30 days.
Idaho Strategic Resources Inc. is a resource-based company, engaged in exploring developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho.
IDR’s portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho, approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent unpatented mineral property located within the MGB, rare earth element projects located in the Idaho REE-Th Belt near Salmonand early-stage exploration properties in Central Idaho.
The stock price of Idaho Strategic Resources has climbed 34% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Limbach Holdings Inc. operates as a building systems solution company in the United States. LMB operates through two segments, General Contractor Relationships and Owner Direct Relationships. LMB is engaged in construction and renovation projects that primarily include mechanical, plumbing, and electrical services.
LMB also provides critical system repair, MEP infrastructure projects, maintenance contracts, building automation upgrades, data-driven insights, and program management services.
The stock price of Limbach Holdings has surged 19.63% in the past four weeks. It has an expected earnings growth rate of 38.1% for the current year. The Zacks Consensus Estimate for current-year earnings improved 2.5% over the last 30 days.
Sezzle Inc. operates as a technology-enabled payments company primarily in the United States and Canada. SEZL provides its proprietary payments solution in-store and at online retail stores that connects consumers with merchants.
SEZL also offers the Sezzle Platform, which provides a payments solution for consumers that extends credit at the point-of-sale allowing consumers to purchase and receive the ordered merchandise at the time of sale while paying in installments over time.
The stock price of Sezzle has appreciated 17.1% in the past four weeks. The company has expected earnings growth of more than 100% for the current year. The Zacks Consensus Estimate for the current year has improved 37.2% over the last 60 days.
BrainsWay Ltd. develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States and internationally. BWAY serves doctors, hospitals, and medical centers in the field of psychiatry.
BWAY offers Deep Transcranial Magnetic Stimulation platform technology for the treatment of major depressive disorders, anxious depression, obsessive-compulsive disorders, smoking addiction, bipolar disorders, post-traumatic stress disorders, schizophrenia, Alzheimer's disease, autism, chronic pain, multiple sclerosis, post-stroke rehabilitation, and Parkinson's diseases.
The stock price of BrainsWay has advanced 11.4% in the past four weeks. It has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has increased more than 100% over the last 60 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/2337605/5-stocks-with-recent-price-strength-to-enhance-your-portfolio
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.