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Zacks.com Highlights: Agnico Eagle Mines, First Majestic Silver, Covanta Holding And Superior Industries International

Published 11/22/2018, 08:27 PM
Updated 07/09/2023, 06:31 AM

For Immediate Release

Chicago, IL – November 23, 2018 - Stocks in this week’s article include: Agnico Eagle Mines Ltd. (NYSE:AEM) , First Majestic Silver Corp. (NYSE:AG) , Covanta Holding Corporation (NYSE:CVA) and Superior Industries International, Inc. (NYSE:SUP) .

Screen of the Week of Zacks Investment Research:

4 Toxic Stocks to Discard or Sell Short for Solid Gains

Accurate identification of the correctly-priced stocks is the key for successful investing. However, in practice, correctly-priced stocks and overpriced toxic stocks are intermixed in such a way that it is difficult to distinguish those.

Generally, overpriced toxic stocks are vulnerable to external shocks. Moreover, these stocks are burdened with a large amount of debt. The price of these stocks is artificially inflated. Nonetheless, the elevated price of toxic stocks is only short-lived in nature as it is higher than its true intrinsic value.

Investors are likely to benefit from accurate identification of toxic stocks with the help of an investing strategy called short selling. This strategy allows investors to sell a stock first and then buy it when price falls.

While short selling excels in bear markets, it typically loses money in bull markets.

So, precisely pinpointing toxic stocks, and abandoning or short selling those at the right time is the key to cushioning your portfolio from big losses.

And that's what we're screening for today…

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/338689/4-toxic-stocks-to-discard-or-sell-short-for-solid-gains

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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.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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

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Superior Industries International, Inc. (SUP): Free Stock Analysis Report

Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report

First Majestic Silver Corp. (AG): Free Stock Analysis Report

Covanta Holding Corporation (CVA): Free Stock Analysis Report

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