CHICAGO, Nov. 13, 2014 /PRNewswire/ -- Stocks in this week's article include: IHS Inc. (NYSE: IHS – Free Report), CST Brands (NYSE: CST – Free Report), Jack in the Box (NASDAQ: JACK – Free Report) and Illumina (NASDAQ: ILMN – Free Report). Kevin Matras goes over how to find winning stock-picking ideas in the government's 'boring' economic reports.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Every week the government and other entities release economic reports that cover all areas of the economy. On virtually any given day there could be anywhere from one to a handful of reports. And while the financial media does cover them, they usually focus on headline numbers without doing a deeper dive.
This is unfortunate because within these reports often exists money making details that can quickly be uncovered with just an extra few minutes of reading.
For example, in the Employment Situation report, it details what sectors saw the most new jobs or labor force expansion, and which ones contracted. I can remember countless times where that report got me into the right sectors and industries at the right time before anybody else was talking about them.
Once these reports point you in the right direction, you can then plug in the appropriate sectors and industries to capitalize on this information and find the best stocks within those groups.
Profitable stock ideas can come at any time and any place. But instead of waiting for the next great stock to fall into your lap, you can actively search for them. And by reading a few extra reports and then putting those ideas into a capable screener, you'll soon be amazed at some of your newest picks. And you'll feel pretty smart after finding them too.
Learn all about this strategy in the complete Screen of the Week article by visiting Zacks.com at: http://www.zacks.com/commentary/35291/
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111
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