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Zacks.com featured highlights include Scorpio Tankers, AMN Healthcare Services, KnowBe4 and BJ's Wholesale Club Holdings

For Immediate Release

Chicago, IL – September 30, 2022 – Stocks in this week’s article are Scorpio Tankers Inc. STNG, AMN Healthcare Services, Inc. AMN, KnowBe4, Inc. KNBE and BJ's Wholesale Club Holdings, Inc. BJ.

Sail Through Market Volatility with These 4 Low-Beta Stocks

Broad inflationary pressures are increasing. There are signals from the Fed that in the upcoming meetings, additional rate hikes are likely, thereby raising fears of a recession and spurring market volatility.

Hence, creating a portfolio of low-beta stocks is of utmost importance since the securities will deliver healthy returns and shield against volatile market conditions. In this regard, stocks like Scorpio Tankers Inc., AMN Healthcare Services, Inc., KnowBe4, Inc. and BJ's Wholesale Club Holdings, Inc. are worth betting on.

Understanding of Beta

Beta measures the volatility or risk of a particular asset compared to the market. In other words, beta measures the extent of a security's price movement relative to the market. In this article, we are considering the S&P 500 as the market.

If a stock has a beta of 1, then the price of the stock will move with the market. So, the stock is more volatile than the market if its beta is more than 1. In the same way, the stock is not as volatile as the market if its beta is less than 1.

For example, if the market offers a return of 20%, a stock with a beta of 3 will return 60%, which is overwhelming. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating.

Here are four stocks among five that qualified the screening:

Scorpio Tankers is expected to generate significant cashflows since the company is the largest product tanker owner in the world. Scorpio Tankers has a diversified blue-chip customer base, providing services related to the marine transportation of refined petroleum products. For 2022, STNG is likely to see earnings growth of 315.4%.

KnowBe4 is well known name for providing security awareness training and a simulated phishing platform. In the current geopolitical-tension environment, there has been a heightened demand for organizations to establish a strong security culture. In the past 30 days, KnowBe4 has witnessed upward earnings estimate revisions for 2022 and 2023.

AMN Healthcare Services, a leader in total talent solutions for healthcare organizations, has been pleasing shareholders by repurchasing 6.8 million shares since 2016. The portfolio of AMN Healthcare's diversified solutions is in great demand as healthcare organizations are still facing a massive shortage of labor. In the past 60 days, AMN Healthcare has witnessed upward earnings estimate revisions for 2022 earnings.

BJ's Wholesale Club is a leading player in offering a differentiated shopping experience. BJ is improving its merchandising and witnessing an increased member base in terms of size and quality.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1986349/sail-through-market-volatility-with-these-4-low-beta-stocks

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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Contact: Jim Giaquinto

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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/performancefor 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
 
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
 
AMN Healthcare Services Inc (AMN) : Free Stock Analysis Report
 
Scorpio Tankers Inc. (STNG) : Free Stock Analysis Report
 
KnowBe4, Inc. (KNBE) : Free Stock Analysis Report
 
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