For immediate release
Chicago, Illinois – October 20, 2022 – Stocks in this week’s article are Perpetua Resources PPTA, AMC Entertainment AMC, Boyd Gaming BYD, Live Nation Entertainment LYV, and Flexible Solutions International FSI.
Increased PER: An Ignored Trick To Get 5 Winning Stocks
Investing in undervalued stocks with low price/earnings ratios (P/E) is common. There is a perception that the lower the PER, the higher the value of the stock. This reasoning is based on the simple logic that the stock’s current market price does not justify its high return (not equal), so there is room for execution.
But have you ever thought that stocks with rising P/E ratios are also worth buying? Learn why this often-overlooked approach can help you pick solid stocks.
Why P/E Boost Is A Valuable Tool
Investors should be aware that stock prices are tied to earnings performance. If profits rise, stock prices will skyrocket. Strong quarterly earnings and future outlook have boosted earnings forecasts, boosted demand for stocks, and pushed prices upwards.
So if the price is steadily rising, it means that investors are confident in the underlying strength of the stock and expect some strong positives from it. Suppose you want to buy a stock with a /E ratio of 30. This means that the investor is willing to pay him $30 for just $1 worth of profit. This is because investors expect the company’s earnings to rise at a faster pace in the future against the backdrop of strong fundamentals.
The study also reveals stocks’ P/E ratios have jumped over 100% from their cycle breakout points. So if you can pick stocks early in the breakout cycle, you can reap significant profits.
Five of the 65 shares are:
Perpetua Resources: Zacks Rank 2 companies are biotechnology companies focused on late clinical stage oncology. It is engaged in the development and commercialization of antibody-drug conjugates for patients suffering from hematologic malignancies and solid tumors.you can see See the full list of today’s Zacks #1 ranked stocks here.
AMC’s average earnings forecast for the last four quarters is 42.74%.
AMC Entertainment: This Zacks Rank 2 company operates primarily as a theatrical exhibition company in the US and internationally.
AMC’s average earnings forecast for the last four quarters is 14.28%.
Boyd Gaming: Boyd Gaming Corporation is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania.
BYD’s average profit forecast for the past four quarters is 9.12%.
Live Nation Entertainment: A Zacks Rank 1 company operates as a live entertainment company. It operates through concerts, ticket sales, sponsorships and advertising segments.
LYV’s average earnings surprise over the last four quarters is 70.73%.
Flexible Solutions International: Sachs Rank 2 companies are environmental technology companies focused on the research, development and manufacturing of water and energy saving products.
Over the past four quarters, FSI’s average earnings forecast is 40.18%.
Sign up now for a 2-week free trial of Research Wizard to get the rest of the symbols on this list and start using this screen in your own trading. Additionally, you can create your own strategy and test it first before rushing to invest.
The Research Wizard is a great place to start. Usage is simple. All written in plain language. And it’s very intuitive. Start your Research Wizard trial now. The next time you read an economic report, open up the research wizard, plug in the information you find, and see what gems pop up.
Click here to sign up for a free trial of Research Wizard..
For the rest of this Screen of the Week article, visit Zacks.com at: https://www.zacks.com/stock/news/1994061/rising-pe-an-ignored-trick-to-land-on-5-winn-stocks
Disclosure: Zack Investment Research officers, directors and/or employees may own or sell short securities and/or hold long and/or short positions in the options described in this document. there is. Affiliated investment advisors may own or sell short securities and may have long and/or short positions in the options described in this material.
About this week’s screen
Zacks.com created the first and best screening system on the web, distinguished by Money Magazine as “The #1 Site for Screening Stocks”. But powerful screening tools are just the beginning. That’s why Zacks created this week’s screens to highlight profitable stock-picking strategies that investors can actively utilize.
Strong stocks that should be news
Many are largely unpublished and fly under Wall Street’s radar. Little known to the general public. But today’s 220 Zack Rank 1 “strong buys” were produced by a stockpicking system that more than doubled his market from 1988 to 2016. See these prospects for free >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliates (including broker-dealers and investment advisors) and may enter into transactions involving the aforementioned securities on behalf of affiliates’ clients.
Contact: Jim Giaquint
Past performance is no guarantee of future results. With any investment, there is always the possibility of loss. This material is provided for informational purposes only and does not constitute investment, legal, accounting or tax advice or a recommendation to buy, sell or hold any securities. It does not constitute a recommendation or advice regarding the suitability of any investment for any particular investor. No assumption should be made that an investment in any security, company, sector or market identified and described was or will be profitable. All information is current as of the date of this document and is subject to change without notice. Views and opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in securities investment banking, market making or wealth management activities. These returns are from a hypothetical portfolio consisting of Zacks Rank = 1 stocks rebalanced monthly with zero trading costs. These are not actual stock portfolio returns. The S&P 500 is an unmanaged index. For performance numbers shown in this press release, please visit https://www.zacks.com/performance.
Want the latest recommendations from Zacks Investment Research? You can download the 7 Best Stocks for the Next 30 Days today.Click to get this free report
Boyd Gaming Corporation (BYD) : Free Inventory Analysis Report
Live Nation Entertainment, Inc. (LYV) : Complimentary Inventory Analysis Report
AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
Flexible Solutions International Inc. (FSI) : Free Inventory Analysis Report
Perpetua Resources Corp. (PPTA) : Free Inventory Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research