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%.
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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
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About this week’s screen
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Strong stocks that should be news
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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
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