5 Value Stock Breakout Stars Of 2020

In 2020, it was again all about growth stocks, led by FAANG.

But value stocks got an undeserved bad rap because not all of value underperformed.

With the small caps, including small cap value, rallying big in November and December, some value stocks had breakout years.

Screening for Value Stocks with Momentum

Zacks.com has great predefined stock screens, including several for value stocks.

One of them is value stocks near their 52-week highs which means that those stocks have momentum.

The screen includes stocks within 10% of their 52-week high with Zacks Value Style Scores of A, which is the highest score.

And then add on the powerful Zacks Ranks of #1 (Strong Buy) or #2 (Buy) to, hopefully, get rising earnings estimates.

This screen returned 44 value stocks with momentum in the final weeks of 2020.

5 Value Stock Breakout Stars of 2020

1.       OneWater Marine Inc. (ONEW - Free Reportwent IPO in February 2020, just before the coronavirus shutdown, and stock market sell-off, hit. But that hasn’t stopped this large premium boat retailer from having a record year with sales up 33% in fiscal 2020. Shares have soared, up 101% year-to-date but they’re still cheap, with a forward P/E of just 8.1.

2.       MarineMax, Inc. (HZO - Free Reportis also a boat and yacht retailer. In fiscal 2020 it reported its highest earnings and revenue in the company’s history as consumers bought boats during the pandemic. Shares of this small-cap retailer have jumped 120.6% year-to-date but trade with a forward P/E of 9.6. Analysts see fiscal 2021 sales jumping another 21%.

3.       Ryder System, Inc. (R - Free Reportis a mid-cap transportation and logistics company with operations in the US, Mexico, Canada, and the UK. Business has been hit hard by the pandemic but it started to see a recovery in the third quarter of 2020. Analysts expect earnings to bounce back big in 2021. Shares are up 18.2% year-to-date and have busted out to new 52-week highs.

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Disclaimer: Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the  more

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