Recent Price Trend in Harte-Hanks (HHS) is Your Friend, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying stocks with strong fundamentals and positive earnings revisions to sustain price momentum, particularly highlighting Harte-Hanks (HHS) as a potential investment opportunity. Group 1: Stock Performance - HHS has experienced a solid price increase of 3.1% over the past 12 weeks, indicating investor willingness to pay more for its potential upside [2] - Currently, HHS is trading at 92.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [3] - A price increase of 2.5% over the past four weeks confirms that the upward price trend for HHS is still intact [8] Group 2: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to maintain their recent uptrend, filtering stocks that are trading in the upper portion of their 52-week range [7] - The Zacks Rank stock-rating system classifies stocks based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988, indicating a strong track record for successful stock-picking [9] - HHS currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [10] Group 3: Analyst Recommendations - The average broker recommendation for HHS is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [13] - In addition to HHS, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [11]