- Best Zacks Ranked Sectors -- Best 8
We're screening for only those stocks with the best (lowest) average Zacks Rank. With 16 sectors, the best 8 sectors give us the best 50% of sectors.
- Best Zacks Ranked Industries -- Best 132
Next step is to get only the best Zacks Ranked Industries coming thru. Since there are 264 'X' or expanded industries we look at, the best 132 will give us the best 50% of industries. But note that only the industries that also happen to be in the top sectors will get thru. If an industry is ranked as one of the best but it's outside of the top sector rank, it will not get thru.
- Zacks Rank less than or equal to 3
Now the screen gets narrowed down even more by looking at only the Zacks Rank #1s, #2s and #3s. No Sells or Strong Sells (Zacks Rank #4s and #5s) allowed.
- Price and Avg. Volume greater than or equal to $5 and 100,000 shares
Only stocks over $5 with at least an average of 100,0000 shares traded daily will be considered.
- Relative % Price Change -- 4 Weeks greater than 0
This means we're screening for only those stocks that have outperformed the market (S&P 500) over the last 4 weeks.
- % Change in Price -- 4 Weeks: Bottom 50
Then finally we're scanning for the bottom 50 stocks with the lowest percentage price change over the last 4 weeks. So while all of these stocks have outperformed the market, they increased in price less than their peers.
GIL - Gildan Activewear Inc.
LGF - Lions Gate Entertainment Corp.
RGEN - Repligen Corp.
WRLD - World Acceptance Corp.
All great looking stocks that seem to have lots more upside in store for them. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. Sign up now for your two week free trial. 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. Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance.