This article was originally posted here
Friday was a terrible day for stocks. The broad market came under pressure early and selling was simply relentless. In conditions like that, it can feel like there is nowhere to hide. Under the desk sure sounds like a good place on days like that. You may be surprised to hear that even during terrible market downturns like that, there are diamonds in the rough. One way to find these diamonds is to lean on the power of the Zacks Rank.
The Zacks Rank helps investors identify stocks with the strongest earnings trends. These trends take months to develop and don’t shift on a dime like price can. This makes the Zacks Rank a perfect initial litmus test when searching for stocks to buy.
The other important element to screen for is relative strength to the broad market. Stocks which have been outperforming their peers could indicate serious investor interest. On days where the broad market is selling off dramatically, these stocks could be the one bucking the trend. When things turn around, they are best positioned to benefit from the rising tide.
I’ve compiled a list of five Zacks Rank #1 (Strong Buy) stocks that are within a few percentage points of their 52-week highs despite the markets recent downward action.
Fastly (FSLY)
Fastly, Inc. Price and Consensus

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. It is a programmable platform designed for Web and application delivery.
Acacia Communications (ACIA)
Acacia Communications, Inc. Price and Consensus

Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets. It also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into embedded and pluggable modules.
Wayfair (W)
Wayfair Inc. Price and Consensus

Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
Zoom Video (ZM)
Zoom Video Communications, Inc. Price and Consensus

Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company's product portfolio includes Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system that provides secure call routing, call queuing, call detail reports, call recording, call quality monitoring, voicemail, switch to video, and other services, as well as inbound and outbound calling services; and Zoom Chat enables sharing messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices for meeting and phone customers.
Tesla (TSLA)
Tesla, Inc. Price and Consensus

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage.
Bonus Pick: Man who bought AMZN at $48 says buy TaaS now
Hi, Whitney Tilson here.
I made my mark on Wall Street over the past 20 years by starting my first hedge fund with just $1 million… which I ultimately grew into a series of funds worth more than 200 times that amount.
Along the way I met Presidents Clinton and Obama… have been asked to speak at the most prestigious business schools (like Harvard, Columbia, and Wharton)… and was fortunate to identify some of the best investments in the world, in the very early stages, including…
- Netflix when it was $7.78 a share (today it’s worth 4,800% more)
- Apple at $1.42 (it’s up 18,000% since then)
- Amazon at $48 (it’s up 4,000% since then)
I’m writing today because my team and I have found what we believe will be the next big tech trend that will make investors rich.
It’s called TaaS—and if you haven’t yet heard of this technological breakthrough, you soon will.
Over the next few years, TaaS will change the way you eat, shop, work, and travel. It will change the value of our homes and where we live. It will radically alter prices for airline and train tickets, gas, and even household goods. It could even help slow the spread of the coronavirus… and help get the American economy moving again.
Along the way, it could make you a small fortune.
Look, this is going to be the biggest trend affecting you and your money over the next few years—yet most Americans don’t have a clue.
And that’s why I’m going public today with the full story. Prior to the coronavirus, I traveled around America and the world for months (more than a dozen trips in the past six months), talking to every expert I could find.
I’ve put everything you need to know in a simple presentation, where you’ll even learn the name and stock symbol of my favorite TaaS investment in the world today.
No subscription, e-mail address, or credit card required.
You can watch or read my presentation for free right now. We’ve posted it on my research firm’s website, right here…
P.S. It’s not all good news, however. TaaS is going to cause a lot of people to lose money too. Dozens of well-known businesses will go bankrupt. But the truth is, the positive effects of this radical development far outweigh the negatives. Get the facts for yourself. Make sure you’re not on the wrong side of this trend. Click here to see my brand-new analysis…