CHICAGO, April 24, 2014 /PRNewswire/ -- Stocks in this week's article include: Magna International (NYSE: MGA – Free Report), Ingram Micro (NYSE: IM – Free Report), Plexus Corp. (NASDAQ: PLXS – Free Report), Exterran Holdings (NYSE: EXH – Free Report) and Rite Aid (NYSE: RAD – Free Report). Kevin Matras talks about stocks making new highs and why you shouldn't be afraid to buy them.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Of course the fundamentals need to be there. And you should keep a watchful eye on valuations. But if you were in a stock making new highs and cheering it on, it seems silly to be afraid of one doing the same just because you haven't bought it.
One question I like asking myself just to put things into perspective is: if I was in it, would I be excited and would I still want to be in it? If the answer is yes, then I'll look for the best opportunity to get in.
Can you imagine all the money you'd be leaving on the table if you were afraid of being in stocks every time they made a new high?
The screen I'm running today looks for:
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