Sun Communities Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Growth
Company profile

Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s segments include Manufactured home (MH) communities, Recreational vehicle (RV) resorts and Marinas. The MH segment owns, operates, develops a portfolio of MH communities and is in the business of acquiring, operating and developing ground up MH communities to provide affordable housing solutions to residents. The RV segment owns, operates, develops a portfolio of RV resorts and is in the business of acquiring, operating and developing ground up RV resorts throughout the United States and in Canada. It also provides leasing services for vacation rentals within the RV resorts. The marina segment owns, operates a portfolio, and develops marinas, and is in the business of acquiring, and operating marinas throughout the United States with the majority of such marinas concentrated in coastal regions and others located in various inland regions.

Closing Price
$188.29
Day's Change
-1.38 (-0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
190.86
Day's Low
187.72
Volume
(Average)
Volume:
545,335

10-day average volume:
567,182
545,335

Zacks.com featured highlights include: Tesla, Occidental Petroleum, Gartner and Diamondback Energy

6:37 am ET November 11, 2021 (Zacks) Print

For Immediate Release

Chicago, IL – November 11, 2021 – Stocks in this week’s article are Tesla, Inc. TSLA, Occidental Petroleum Corp. OXY, Gartner, Inc. IT and Diamondback Energy, Inc. FANG.

Buy These 4 Stocks with Momentum Anomalies for Higher Returns

When value or growth investing fails to fetch sustained profits, one should explore another time-tested winning strategy that simply bets on frontrunner stocks. One of the most successful strategies in this day and age is to get in on momentum stocks at the right time.

We’ve all heard the adage, “the trend is your friend.” At the core, momentum investing is “buying high and selling higher”. It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction (than move against the drift) because of the momentum that is already behind it. But why does the momentum strategy work?

Well, there are a whole lot of behavioral biases that most investors exhibit in their decision-making. And these emotional responses or rather mistakes are the very reason that makes momentum strategy work.

For instance, some investors are anxious about booking losses and hence hold on to losing stocks for too long, hopeful of a rebound in prices. On the other hand, a few investors sell their winners way too early. Momentum investing is one of the best strategies to avoid making such errors in judgment.

Furthermore, investors initially tend to underreact to news, events or data releases. However, once things become clear, they have a habit to go with the flow and overreact, causing dramatic price reactions. These behavioral problems extend trends, thus opening up huge opportunities for momentum players.

So basically, it’s a way to profit from the general human tendency to extrapolate current trends into the future. Thus, momentum investing is based on that gap in time that exists before the mean reversion occurs, i.e. before prices become rational again.

Momentum strategies have been known to be alpha-generative over a long period and across market stages. So, this strategy is quite tricky to implement, as detecting these trends is no child’s play.

Here, we have created a strategy that will help investors get in on these fast movers and rake in handsome gains. Our screen will help you benefit from both long-term price momentum and a short-term pullback in price.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1826532/buy-these-4-stocks-with-momentum-anomaly-for-higher-returns

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Occidental Petroleum (OXY): Free Stock Analysis Report
 
Gartner (IT): Free Stock Analysis Report
 
Tesla (TSLA): Free Stock Analysis Report
 
Diamondback Energy (FANG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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