featured highlights include: SGC, COOP, DQ and GFF

For Immediate Release

Chicago, IL – August 28, 2020 - Stocks in this week’s article are Sirius International Insurance Group Ltd. SGC, Mr. Cooper Group Inc. COOP, Daqo New Energy Corp. DQ, Azure Power Global Ltd. AZRE and Griffon Corp. GFF.

5 Stocks with Recent Price Strength to Enhance Your Returns

Wall Street is enjoying a dream run for nearly five months. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied significantly in the last four months. Wall Street historically remains muted in August. But this year, markets are continuing their northbound journey, defying coronavirus-led woes.

Then again, the market is yet to fully recover year to date from the pandemic-led devastations. The Nasdaq Composite is flying high and the S&P 500 recently recorded a fresh all-time high erasing coronavirus-induced losses. However, the Dow is still in negative territory and way behind its all-time high recorded on Feb 12.

The market's worst appears behind us as negative estimates are already factored in valuations. Although coronavirus-induced woes are persisting in the United States, causing occasional market fluctuations, the overall movement of Wall Street is likely to remain northbound.

Meanwhile, second-quarter 2020 earnings results have not come in as bad as expected at the start of the reporting cycle. Moreover, systematic reopening of the U.S. economy after nearly two months of lockdowns helped in reviving aggregate demand.

This is evident from a series of better-than-expected economic data from April to August. Although second-quarter U.S. GDP plunged 32.9%, it was better than the consensus estimate of a 34.7% decline.

At this stage, wouldn’t it be a safer strategy to look for stocks that are winners and have the potential to gain further?

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Contact: Jim Giaquinto


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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 for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DAQO New Energy Corp. (DQ): Free Stock Analysis Report
Superior Uniform Group, Inc. (SGC): Free Stock Analysis Report
Azure Power Global Ltd. (AZRE): Free Stock Analysis Report
Griffon Corporation (GFF): Free Stock Analysis Report
MR. COOPER GROUP INC (COOP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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