It’s an exciting time in the stock market right now with the major US indexes nearing their former all-time highs. Earlier in the week, the widely-followed Nasdaq 100 ETF QQQ closed at a fresh all-time high.
This has been a lockout rally that left many in the dust. And because many investors missed the big move, they will continue to snap up shares on weakness, which could help lift stocks even further.
After the see-saw action this year, it’s a good time to take a step back and examine what led us here and also take a peek into one of the portfolios I manage at Zacks.
This portfolio is growth-oriented that we call Headline Trader; it focuses on companies with positive new events. Whether that be new products or services, changes in company management, earnings and revenue surprises, or other innovations, this type of headline news can cause a repricing of stocks, propelling a surge of optimism within the market and subsequent price appreciation.
In this video, I’m going to peel back the curtain a bit and dive into some of these methods that have enabled our subscribers to achieve a 127% average return with 100% open-trade winners. Make sure to stick with me to the end where I’ll reveal a stock I am targeting right now, one that I believe has the potential to be a triple-digit winner over the next year.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpInvesco QQQ (QQQ): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
