Zacks.com featured highlights include Constellation Brands, Stryve Foods, Canoo, Fortuna Mining and Qualcomm

For Immediate ReleaseChicago, IL – December 30, 2024 – Stocks in this week’s article are Constellation Brands STZ, Stryve Foods SNAX, Canoo GOEV, Fortuna Mining Corp. FSM and Qualcomm QCOM.Bet On These 5 Top-Ranked Stocks With Rising P/E Investors often opt for an approach that focuses on stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth.But there is more to this whole P/E story. Not only stocks with a low P/E, the ones with a rising P/E can also fetch strong returns. In this regard, investors can bet on the likes of Constellation Brands,Stryve Foods,Canoo, Fortuna Mining Corp.  and Qualcomm.Rising P/E: A Useful ToolThe concept is that as earnings rise, so should the price of a stock. As forecasts for expected earnings come in higher, strong demand for the stock should continue to push up its prices. After all, a stock's P/E gives an indication of how much investors are ready to shell out per dollar of earnings.Suppose an investor wants to buy a stock with a P/E ratio of 30. This means that he is willing to shell out $30 for only $1 worth of earnings as he expects earnings of the company to rise at a faster pace in the future owing to strong fundamentals.So, if the P/E of a stock is rising steadily, it means that investors are assured of its inherent strength and expect some strong positives out of it.Also, studies have revealed that stocks have seen their P/E ratios jump over 100% from their breakout point in the cycle. So, if you can pick stocks early in their breakout cycle, you can end up seeing considerable gains.These few criteria have narrowed down the universe from over 7,700 stocks to just 50.Here are five out of the 50 stocks:Constellation Brands: This Zacks Rank #2  company produces and markets beer, wine and spirits. You can see the complete list of today’s Zacks #1 Rank stocks here.The average four-quarter earnings surprise of STZ is 5.30%.Stryve Foods: This Zacks Rank #2 company is an emerging healthy snacking company, which manufactures, markets and sells healthy snacking products.The average four-quarter earnings surprise of SNAX is 15.71%.Canoo: This Zacks Rank #2 company is engaged in developing breakthrough electric vehicles with a proprietary and highly versatile EV platform for personal and business use.The average four-quarter earnings surprise of GOEV is 14.76%.Fortuna Mining: This Zacks Rank #2 company engages in precious and base metal mining, primarily in Argentina, Burkina Faso, Mexico, Peru and Cote d'Ivoire. The company primarily explores for silver, lead, zinc and gold.The average four-quarter earnings surprise of FSM is 53.55%.Qualcomm: This Zacks Rank #2 company designs high-performance, low-power chip designs for mobile devices, PCs, XR, automotive, embedded, wearable, robotics, connectivity and AI use cases.The average four-quarter earnings surprise of QCOM is 7.57%.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.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.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2388634/bet-on-these-5-top-ranked-stocks-with-rising-peZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.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.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>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 QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Constellation Brands Inc (STZ): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report Canoo Inc. (GOEV): Free Stock Analysis Report Stryve Foods, Inc. (SNAX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks