Zacks.com featured expert Kevin Matras highlights: East West Bancorp, Inc., Crane Co., The Boeing Co., Towers Watson & Co. and J&J Snack Foods Corp.
by PR Newswire
CHICAGO, March 13, 2013 /PRNewswire/ -- Stocks in this week's article include: East West Bancorp, Inc. (NASDAQ: EWBC), Crane Co. (NYSE: CR), The Boeing Co. (NYSE: BA), Towers Watson & Co. (NYSE: TW) and J&J Snack Foods Corp. (NASDAQ: JJSF). Kevin Matras goes over the 5 top Zacks Ranked Sectors.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
It's that time again. Every few months, I like running this screen to see which Sectors are considered the best Sectors. Since roughly half of a stock's price move can be directly attributed to the group that it's in, it's important to stay on top of which groups are the best ones.
I've done some testing over the past and found that, often times, just getting into an average stock in a strong group will outperform even the best stocks in a troubled group.
Just because stocks in the best groups have a tendency to outperform, this doesn't mean you can just pick anything and make money. Far from it. But it illustrates how powerful the underlying group is to the success of your stock picking.
There are several ways you can define the best Sectors or Industries.
Today, I'm going to focus on just the Zacks Rank, which keys in on earnings estimate revisions and earnings surprises. So the better the average Zacks Rank is for the Sector, the better the chances that your stocks have a top Zacks Rank with a greater potential for positively surprising.
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