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Zacks.com featured highlights include: Marathon Digital, Jefferies Financial Group, Clearfield, Capital Product Partners and Unity Bancorp

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·4-min read
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For Immediate Release

Chicago, IL – October 27, 2021 – Stocks in this week’s article are Marathon Digital Holdings Inc. MARA, Jefferies Financial Group Inc. JEF, Clearfield Inc. CLFD, Capital Product Partners L.P. CPLP and Unity Bancorp Inc. UNTY.

5 Stocks with Recent Price Strength Amid October Rally

Wall Street has returned to its north bound journey as the bulls are roaring in October after September’s market mayhem. The Dow and the S&P 500 have recorded several all-time and closing highs this month. The Nasdaq Composite is currently just 1.2% below its all-time high recorded on Sep 7.

Month to date, the Dow, the S&P 500 and the Nasdaq Composite, have rallied 5.6%, 6% and 5.4%, respectively. This performance is impressive as October is also known for its historically volatile trading pattern. In September, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — plummeted 4.3%, 4.8% and 5.3%, respectively.

Impressive results of the third-quarter 2021 earnings season so far and a series of solid economic data released in October confirmed the unhindered recovery of the U.S. economy amid prolonged supply-chain disruptions, a labor shortage and higher inflationary pressure.

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

Sounds Good? Here’s How to Execute It:

One should primarily target stocks that have freshly been on a bull run. Stocks seeing price strength recently have a high chance of carrying the momentum forward.

If a stock is continuously witnessing an uptrend, there must be a solid reason or it would have probably crashed. So, looking at stocks capable of beating the benchmark that they have set for themselves seems rational.

However, recent price strength alone cannot create magic. Therefore, you need to set other relevant parameters to create a successful investment strategy.

Here’s how you should create the screen to shortlist the current as well as the potential winners.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1816414/5-stocks-with-recent-price-strength-amid-october-rally

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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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.


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
 
Jefferies Financial Group Inc. (JEF) : Free Stock Analysis Report
 
Clearfield, Inc. (CLFD) : Free Stock Analysis Report
 
Capital Product Partners L.P. (CPLP) : Free Stock Analysis Report
 
Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
 
Unity Bancorp, Inc. (UNTY) : Free Stock Analysis Report
 
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