Hot Performing Stocks To Watch For 2023


With the S&P 500 Index surpassing 4,500 points, it is time to take a look at one of its well-performing sectors, which is Consumer Loans. Performance of the Zacks Consumer Loans industry with a year-to-date return of 48.1% is turning out to be impressive. Over the same time frame, the S&P 500 Index has rallied 21.8%.

The Zacks Consumer Loans industry is a 19-stock group within the broader Zacks Finance sector. The industry currently carries a Zacks Industry Rank #57, which places it in the top 23% of more than 250 Zacks industries.

Although last year, the pandemic had put business activities on a grinding halt, globally, and locked people indoors for months as governments everywhere imposed stay-at-home orders, the economy is now reopening and gaining an encouraging momentum. This is evidenced by the real gross domestic product’s (GDP) increase at the rate of 6.3% and 6.6% in the first and second quarters of 2021, respectively. President Joe Biden’s hefty pandemic-relief package and large-scale vaccination programs across the United States have been aiding this recovery process for a while now.

Hot Performing Stocks To Watch For 2023: Stage Stores, Inc.(SSI)


Stage Stores, Inc. operates as a specialty department store retailer in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website and send program. As of January 30, 2016, it operated 834 specialty department stores in 39 states and a direct-to-consumer channel under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES, and STAGE nameplates. The company was founded in 1988 and is headquartered in Houston, Texas.


Advisors’ Opinion:

  • [By Logan Wallace]

    Finisar Co. (NASDAQ:FNSR) has earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.23.

  • [By Dan Caplinger]

    Coming into Thursday’s fiscal second-quarter report, II-VI investors fully believed that the laser maker would be able to sustain its track record of success. II-VI’s numbers were even better than most had thought, and the company is keeping up its momentum as it prepares to close on its proposed acquisition of Finisar (NASDAQ:FNSR) in the near future.

  • [By Timothy Green]

    Shares of Finisar Corp. (NASDAQ:FNSR) rose on Friday following a strong fiscal first-quarter report from the provider of subsystems and components for fiber-optic communications. The stock was up about 14.7% at 11:20 a.m. EDT.

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