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Zacks.com Featured Highlights Include ZAGG, Telecom Argentina, Lam Research, Pilgrim's Pride And MagnaChip Semiconductor

By Zacks Investment ResearchStock MarketsAug 31, 2017 10:08PM ET
www.investing.com/analysis/zackscom-featured-highlights-include-zagg-telecom-argentina-lam-research-pilgrims-pride-and-magnachip-semiconductor-200211076
Zacks.com Featured Highlights Include ZAGG, Telecom Argentina, Lam Research, Pilgrim's Pride And MagnaChip Semiconductor
By Zacks Investment Research   |  Aug 31, 2017 10:08PM ET
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For Immediate Release

Chicago, IL – September 1, 2017 - Stocks in this week’s article include ZAGG Inc. (NASDAQ: (NASDAQ:ZAGG) – Free Report), Telecom Argentina S.A. (NYSE: (NYSE:TEO) – Free Report), Lam Research Corporation (NASDAQ: (NASDAQ:LRCX) – Free Report), Pilgrim's Pride Corporation (NASDAQ: (NASDAQ:PPC) – Free Report) and MagnaChip Semiconductor Corporation (NYSE: (NYSE:MX) – Free Report).

Screen of the Week of Zacks Investment Research:

5 Fundamentally Sound Stocks Set to Scale Higher

Stocks near their 52-week highs make the trickiest of investment choices as they have a possibility to either scale higher or go downhill.

The odds are difficult, if not impossible, to gauge. At best, 52-week investments can be described as a touch-and-go strategy which can lead to handsome rewards but only in conjunction with a particular set of parameters.

Movement of stocks toward their 52-week high or low are closely tracked on a daily basis. The vast information on such movements is hard to interpret, even for the most seasoned of investors.

Clubbing 52-week high stocks with the correct set of parameters is all you need to turn the tide in your favor. This is where our screener comes into play, as it helps you steer clear of uncertainties and book solid profits.

A Peek into 52-Week High Stocks

Stocks near 52-week highs often instill the presumptive “adjustment and anchoring bias” in the minds of investors. This principle works on the belief that investors use the 52-week high price as a reference point and value stocks against this anchor.

Many a times, such stocks are prevented from scaling higher despite robust potential due to the psychological bias of investors who fear that the stocks are overvalued and a price crash is impending.

A few of the stocks remain undervalued due to prolonged under reaction on part of investors despite bullish growth drivers. Meanwhile, news pertaining to robust sales, surging profit levels, bullish earnings prospects and strategic acquisitions can drive stocks.

However, when a string of positive developments dominate the market, investors find their under-reaction unwarranted and the renewed interest might drive stocks beyond the 52-week high bar. Wall Street’s fast paced trading makes it imperative for investors to step in before the market gets a whiff of it.

Also, recent academic research reveals that if a stock’s current price is near its 52-week high, there are high chances that it will outperform peers in the subsequent period. According to researchers George and Hwang, holding 52-week high stocks for six months resulted in an average monthly gain of 0.45% between 1963 and 2001. Encouragingly, this is twice the gain that can be garnered from similar momentum-based strategies.

Setting the Right Filters

Our diligent screening technique has been deployed to find 52-week high stocks that hold tremendous potential compared to their respective industries. The added parameters are strong earnings growth expectations, sturdy value metrics and positive price momentum.

These stocks are relatively undervalued compared to their peers, in terms of earnings as well as sales, which make us believe that they will continue their rally for quite some time.

Current Price/52 Week High >= .80

This simply is the ratio between the current price and the highest price at which the stock has traded in the past 52 weeks. A value greater than 0.8 implies that the stock is trading within 20% of its 52-week high range and is likely to touch the 52-week high mark soon.

% Change Price – 4 Weeks > 0

It ensures that the stock price has moved north over the past four weeks.

% Change Price – 12 Weeks > 0

This metric guarantees a continued upward price momentum for the stock over the past three months as well.

Price/Sales <= XIndMed

The lower, the better.

P/E using F(1) Estimate <= XIndMed

This metric measures the amount an investor puts into a company to obtain one dollar of earnings. It narrows down the list of stocks to those that are undervalued compared to their peers.

One-Year EPS Growth F(1)/F(0) >= XIndMed

This helps choose stocks that have higher growth rates than the industry median. This is a meaningful indicator as decent earnings growth adds to investor optimism.

Zacks Rank = 1

No screening is complete without our proven Zacks Rank, which has proved its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to brave adversities and beat the market. You can see the complete list of today’s Zacks #1 Rank stocks here.

Current Price >= 5

This parameter will help screen stocks which are trading at $5 or higher.

Volume – 20 days (shares) >= 100000

Inclusion of this metric ensures that there is a substantial volume of shares that can be traded easily.

Here are five of the nine stocks that made it through the screen:

ZAGG Inc.(NASDAQ: ZAGGFree Report) designs, manufactures, and distributes mobile tech accessories for smartphones and tablets. This company’s flagship brand, the invisible SHIELD, is a protective, high-tech patented film covering, designed for iPods, laptops, cell phones, digital cameras, PDAs, watch faces, GPS systems, gaming devices and other items. In the last reported quarter, the company beat estimates by 20.0%.

Telecom Argentina S.A. (NYSE: TEOFree Report) holds a license to provide basic telephone service and fixes telecommunications links in the northern region of the Argentine Republic. Also, it provides telephone-related services to residential customers, businesses, and governmental agencies in Argentina and internationally. The company has a decent earnings surprise history beating estimates thrice over the trailing four quarters at an average of 42.0%.

Lam Research Corporation(NASDAQ: LRCXFree Report) is a California-based company that designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. The company has an excellent earnings surprise history, beating estimates each time over the trailing four quarters, at an average of 4.4%.

Headquartered in Greeley, CO, Pilgrim's Pride Corporation (NASDAQ: PPCFree Report) is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products. The company has expanded its business on the back of strategic acquisitions. In the last reported quarter, the company managed to beat estimates by 9.4%, putting an end to a streak of three back-to-back misses.

Headquartered in Chungbuk, South Korea, MagnaChip Semiconductor Corporation (NYSE: MXFree Report) designs and manufactures analog and mixed-signal semiconductor products for high-volume consumer applications. The company has an average positive surprise of 86.2%, beating estimates twice in the last four quarters.

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 trial to the Research Wizard 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.

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: https://www.zacks.com/performance.

Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »

Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don’t wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111

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.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time!Click here for your free subscription to Profit from the Pros.

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Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: https://www.zacks.com/performance

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/performancefor information about the performance numbers displayed in this press release.



ZAGG Inc (ZAGG): Free Stock Analysis Report

Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report

Telecom Argentina Stet - France Telecom S.A. (TEO): Free Stock Analysis Report

MagnaChip Semiconductor Corporation (MX): Free Stock Analysis Report

Lam Research Corporation (LRCX): Free Stock Analysis Report

Original post

Zacks Investment Research
Zacks.com Featured Highlights Include ZAGG, Telecom Argentina, Lam Research, Pilgrim's Pride And MagnaChip Semiconductor
 

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Zacks.com Featured Highlights Include ZAGG, Telecom Argentina, Lam Research, Pilgrim's Pride And MagnaChip Semiconductor

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