Zacks.com featured expert Kevin Matras highlights: UnitedHealth Group Inc., Lowe's Companies, Inc., Enterprise Products Partners L.P., Cosan Ltd. and Landstar System, Inc. - Press Releases

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Chicago, IL - February 14, 2012 - Stocks in this week's article include UnitedHealth Group Inc. (NYSE: UNH ), Lowe's Companies, Inc. (NYSE: LOW ), Enterprise Products Partners L.P. (NYSE: EPD ), Cosan Ltd. (NYSE: CZZ ) and Landstar System, Inc. (NASDAQ: LSTR ). This week, Kevin Matras talks about stocks making new highs and why you shouldn't be afraid to buy them.

Screen of the Week written by Kevin Matras of Zacks Investment Research:

Today I'm going to go over a simple screen with a powerful concept: buying stocks making new highs.

I know some are reluctant to buy stocks making new 52 weeks highs. If you're one of them, have you ever asked yourself why? If a stock is making a new 52-week high, that's a good thing.

I'm pretty sure that a person who dislikes buying stocks making new 52-weeks highs wouldn't be too upset if the stock he already owned broke out to new 52-week highs. And why should he? Statistics have shown that stocks making new highs have a tendency of making even higher highs. These are the stocks we all dream about. Get in and it keeps going up.

Of course the fundamentals need to be there. And you should keep a watchful eye on valuations. But if you were in a stock making new highs and cheering it on, it seems silly to be afraid of one doing the same just because you haven't bought it.

One question I like asking myself just to put things into perspective is: if I was in it, would I be excited and would I still want to be in it? If the answer is yes, then I'll look for the best opportunity to get in. If the answer is no, that I'd want to take profits, then I'll move on.

Can you imagine all the money you'd be leaving on the table if you were afraid of being in stocks every time they made a new high?

The screen I'm running today looks for...

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COSAN LTD-A ( CZZ ): Free Stock Analysis Report
 
ENTERPRISE PROD ( EPD ): Free Stock Analysis Report
 
LOWES COS ( LOW ): Free Stock Analysis Report
 
LANDSTAR SYSTEM ( LSTR ): Free Stock Analysis Report
 
UNITEDHEALTH GP ( UNH ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: CZZ , EPD , LOW , LSTR , UNH

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