Hello Trader,
Schaeffer's would like to wish you a happy Easter weekend and Good Friday! To celebrate the long weekend, we are sharing our V.P. of Research Todd Salamone's recent chat with Benzinga, where he discusses his small-cap stock picks for the next 3-6 months. Be sure to read to the end for a special access link to our latest 5 Rules for Trading Stock Trends report!
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Schaeffer's Investment Research favors companies that display strong price action while sentiment measures indicate some lingering doubt. Todd Salamone noted that this skepticism represents future buying power as the market is proving naysayers wrong who might be forced to eventually capitulate.
Given this preference, here are a few names on Schaeffer's radar in the small-cap space:
Shake Shack Inc (NYSE:SHAK) is an American burger chain with about 275 locations worldwide and a $5 billion market cap. The number of locations and current market cap leaves room for tremendous growth potential for the company, as the world continues to slowly step out from under the shadow of the pandemic. In 2021, the stock has hit new all-time highs, with current year-to-date (YTD) performance up 40% as of March 18, 2021. The company also has the potential to garner future positive sell-side attention, as only four of the 23 analysts following SHAK rate it a buy.
United States Steel Corporation (NYSE:X) and Alcoa Corp (NYSE:AA) U.S. Steel is an American integrated steel producer and Alcoa is an American industrial company as well as the world's eighth-largest producer of aluminum. Both companies have market caps of around $6 billion and low analyst ratings, which provides them with a lot of upgrade potential.
Aspira Women's Health Inc (NASDAQ:AWH) develops gynecologic tests for identifying ovarian cancer and other gynecologic diseases. The company has a market cap of less than $1 billion. They expanded network access in October. AWH had a multi-year breakout in late January above the 2011 intraday peak but shares were still well off from their all-time high in 2003.
Sonos Inc (NASDAQ:SONO) is a developer and manufacturer of wireless, multi-room audio systems. The company has a $5 billion market cap. In November, the company announced a buyback plan and shares gapped higher in mid-February on earnings. Shares are currently surging both YTD and year-over-year, up 72% and 479% respectively.
For more on Salamone's talk with Benzinga, click here.
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And as promised, we would like to share our latest Schaeffer's special report: 5 Rules for Trading Stock Trends. With this exclusive report, you'll find a list of helpful tips and rules you should follow when trading stocks with a specific set of trends.
Best of luck in your trading and Happy Easter!
- Your Schaeffer's Team
Schaeffer's Investment Research
5151 Pfeiffer Road - Suite 450
Cincinnati, Ohio 45242 - USA
service@sir-inc.com
http://www.schaeffersresearch.com
1-800-448-2080
1-513-589-3800 International
By clicking the link to access our special report you'll also be opted in to receive our partner info from Vantage Point.
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