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Top 5 Picks

Given the aforementioned benefits, we have selected five sturdy stocks from these areas that boast a solid Zacks Rank #1 (Strong Buy) or 2 (Buy). The search was also narrowed down with a VGM score of ‘A’ or ‘B’. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.

Select Bancorp Inc SLCT is the bank holding company for Select Bank & Trust Company, which is a commercial bank. It provides commercial and retail financial services to customers located in its market areas. Select Bancorp has a Zacks Rank #2 and a VGM score of ‘B’. The company is expected to return 27.6% this year, more than the Financial - Savings and Loan industry’s projected return of 9.2%. Select Bancorp has outperformed the industry over the year-to-date period (+20.4% vs. -7.9%).

Health Insurance Innovations Inc HIIQ is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The company has a Zacks Rank #2 and a VGM score of ‘A’. The company is expected to return 30.4% this year, higher than the Insurance - Life Insurance industry’s estimated return of 11.4%. Health Insurance Innovations has outperformed the industry over the year-to-date period (+17.6% vs. +12.6%).

BGC Partners, Inc. BGCP is a brokerage company servicing the financial and real estate markets. The company sports a Zacks Rank #1 and a VGM score of ‘A’. The company is expected to return 19% this year, more than the Financial - Investment Bank industry’s projected return of 12.8%. BGC Partners has fared better than the industry over the year-to-date period (+13% vs. -5.7%). You can see

the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Carlyle Group LP CG is a diversified multi-product alternative asset management firm. The company has a Zacks Rank #2 and a VGM score of ‘A’. The company is likely to return 226.8% this year, more than the Financial - Investment Management industry’s projected return of 5.4%. Carlyle Group has outshined the industry over the year-to-date period (+16.7% vs. 5.2%).

Lazard Ltd LAZ is a financial advisory and asset management company. The company has a Zacks Rank #2 and a VGM score of ‘B’. The company is likely to return 9.1% this year, more than the Financial - Investment Management industry’s projected return of 5.5%. Lazard has outperformed the industry over the year-to-date period (+7% vs. 5.2%).

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Zacks Investment Research

Source : https://finance.yahoo.com/news/fed-minutes-hint-rate-hike-133901477.html

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