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Zacks.com featured highlights include: Berry Global Group, ArcBest Corp., Caleres, C.H. Robinson Worldwide and Archer Daniels
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For Immediate Release
Chicago, IL – January 20, 2022 – Stocks in this week’s article are Berry Global Group (BERY - Free Report) , ArcBest Corp. (ARCB - Free Report) , Caleres (CAL), C.H. Robinson Worldwide (CHRW - Free Report) and Archer Daniels (ADM - Free Report) .
Recent Broker Upgrades Bring Glory to These 5 Stocks
Irrespective of the surrounding conditions, investors strive to design a basket of stocks that will fetch them handsome returns. However, the task is easier said than done. This is because the investing world is fraught with uncertainties and stock prices are sensitive to recent developments. Moreover, with a deluge of stocks flooding the market at any given point of time, the task of choosing the right stock is anything but simple.
This clearly suggests that one needs to have in-depth knowledge of the minute details of the investing space. This is quite impossible for individual investors. Consequently, advice of “experts” in this field is much sought after by investors.
Broker Advice: An Invaluable Guide
The experts in the field of investing are brokers. Brokers scrutinize the publicly available financial documents, and also attend company conference calls and other presentations. Since brokers recommend (buy, sell or hold) a stock after thoroughly analyzing the nitty-gritties associated with the company, it is then perfect for investors to be guided by their direction of estimate revisions while deciding their course of action on a particular stock.
The estimate revisions serve as an important pointer regarding the price of a stock. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons, including a favorable earnings performance, a bullish guidance, product launch or an optimistic macro scenario. To take care of the earnings performance, we designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks.
Winning Strategy
The above write-up clearly suggests that one can arrive at a winning portfolio of stocks by following broker actions. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions in earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is taken into consideration. The price/sales ratio takes care of the company’s top line, making the strategy foolproof.
Here are five of the 10 stocks that made it through the screen:
Berry Global Group manufactures and distributes non-woven specialty materials, engineered materials and consumer packaging products in the market. BERY is poised to gain from strength in its food & beverage and healthcare end markets along with recovery in the construction space in the quarters ahead.
Berry Global’s bottom line outshined the Zacks Consensus Estimate in each of the last four quarters, the average being 16.5%. Shares of BERY have gained 37.5% over the past year. BERY currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ArcBest Corp. currently carries a Zacks Rank #2 (Buy). ARCB’s earnings trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 27.4%. The Zacks Consensus Estimate for ARCB’s 2022 earnings has been revised 3.51% upward in the past 60 days.
Shares of ArcBest have skyrocketed 85.1% in a year’s time. Improving freight conditions in the United States bode well for ARCB. Solid customer demand and higher market rates are supporting ARCB.
Caleres: This Saint Louis-based company, currently carrying a Zacks Rank of 2, engages in the retail and wholesale of footwear. Strong performance of its Famous Footwear and Brand Portfolio segments is driving the top line.
Caleres has an excellent track record, considering its earnings per share. The bottom line outshined the Zacks Consensus Estimate in each of the last four quarters, the average being in excess of 100%. Shares of CAL have soared 35.7% over the past year.
C.H. Robinson Worldwide, currently carrying a Zacks Rank #3 (Hold), operates as an asset-light logistics player. The improving freight scenario in the United States is aiding this Minnesota-based freight broker. Efforts to control costs also bode well. Measures to reward CHRW’s shareholders instill further confidence in the stock.
C.H. Robinson has an impressive earnings track record. The bottom line surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 22%. CHRW has witnessed the Zacks Consensus Estimate for 2022 earnings being revised 2.81% upward over the past 60 days.
Archer Daniels: This Chicago, IL-based leading agricultural products player’s leadership in key global trends like flexitarian diets, nutrition and sustainable materials is a contributor to its momentum. ADM’s focus on making investments in assets and technological capabilities to serve customers efficiently is likely to be a key driver.
Archer Daniels’ Readiness program, positive cash flow and a solid performance at the Nutrition unit are aiding results. ADM has been progressing well on its three strategic pillars, which are optimize, drive and growth for a while. The Zacks Consensus Estimate for 2022 earnings has been revised 3.3% upward over the past 60 days. Shares of ADM have soared 33.2% over the past year.
For the rest of this Screen of the Week article please visit Zacks.com at:
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 >>.
Zacks 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.
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/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include: Berry Global Group, ArcBest Corp., Caleres, C.H. Robinson Worldwide and Archer Daniels
For Immediate Release
Chicago, IL – January 20, 2022 – Stocks in this week’s article are Berry Global Group (BERY - Free Report) , ArcBest Corp. (ARCB - Free Report) , Caleres (CAL), C.H. Robinson Worldwide (CHRW - Free Report) and Archer Daniels (ADM - Free Report) .
Recent Broker Upgrades Bring Glory to These 5 Stocks
Irrespective of the surrounding conditions, investors strive to design a basket of stocks that will fetch them handsome returns. However, the task is easier said than done. This is because the investing world is fraught with uncertainties and stock prices are sensitive to recent developments. Moreover, with a deluge of stocks flooding the market at any given point of time, the task of choosing the right stock is anything but simple.
This clearly suggests that one needs to have in-depth knowledge of the minute details of the investing space. This is quite impossible for individual investors. Consequently, advice of “experts” in this field is much sought after by investors.
Broker Advice: An Invaluable Guide
The experts in the field of investing are brokers. Brokers scrutinize the publicly available financial documents, and also attend company conference calls and other presentations. Since brokers recommend (buy, sell or hold) a stock after thoroughly analyzing the nitty-gritties associated with the company, it is then perfect for investors to be guided by their direction of estimate revisions while deciding their course of action on a particular stock.
The estimate revisions serve as an important pointer regarding the price of a stock. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons, including a favorable earnings performance, a bullish guidance, product launch or an optimistic macro scenario. To take care of the earnings performance, we designed a screen based on improving analyst recommendations and upward estimate revisions over the last four weeks.
Winning Strategy
The above write-up clearly suggests that one can arrive at a winning portfolio of stocks by following broker actions. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions in earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is taken into consideration. The price/sales ratio takes care of the company’s top line, making the strategy foolproof.
Here are five of the 10 stocks that made it through the screen:
Berry Global Group manufactures and distributes non-woven specialty materials, engineered materials and consumer packaging products in the market. BERY is poised to gain from strength in its food & beverage and healthcare end markets along with recovery in the construction space in the quarters ahead.
Berry Global’s bottom line outshined the Zacks Consensus Estimate in each of the last four quarters, the average being 16.5%. Shares of BERY have gained 37.5% over the past year. BERY currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ArcBest Corp. currently carries a Zacks Rank #2 (Buy). ARCB’s earnings trumped the Zacks Consensus Estimate in each of the trailing four quarters, the average being 27.4%. The Zacks Consensus Estimate for ARCB’s 2022 earnings has been revised 3.51% upward in the past 60 days.
Shares of ArcBest have skyrocketed 85.1% in a year’s time. Improving freight conditions in the United States bode well for ARCB. Solid customer demand and higher market rates are supporting ARCB.
Caleres: This Saint Louis-based company, currently carrying a Zacks Rank of 2, engages in the retail and wholesale of footwear. Strong performance of its Famous Footwear and Brand Portfolio segments is driving the top line.
Caleres has an excellent track record, considering its earnings per share. The bottom line outshined the Zacks Consensus Estimate in each of the last four quarters, the average being in excess of 100%. Shares of CAL have soared 35.7% over the past year.
C.H. Robinson Worldwide, currently carrying a Zacks Rank #3 (Hold), operates as an asset-light logistics player. The improving freight scenario in the United States is aiding this Minnesota-based freight broker. Efforts to control costs also bode well. Measures to reward CHRW’s shareholders instill further confidence in the stock.
C.H. Robinson has an impressive earnings track record. The bottom line surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 22%. CHRW has witnessed the Zacks Consensus Estimate for 2022 earnings being revised 2.81% upward over the past 60 days.
Archer Daniels: This Chicago, IL-based leading agricultural products player’s leadership in key global trends like flexitarian diets, nutrition and sustainable materials is a contributor to its momentum. ADM’s focus on making investments in assets and technological capabilities to serve customers efficiently is likely to be a key driver.
Archer Daniels’ Readiness program, positive cash flow and a solid performance at the Nutrition unit are aiding results. ADM has been progressing well on its three strategic pillars, which are optimize, drive and growth for a while. The Zacks Consensus Estimate for 2022 earnings has been revised 3.3% upward over the past 60 days. Shares of ADM have soared 33.2% over the past year.
For the rest of this Screen of the Week article please visit Zacks.com at:
https://www.zacks.com/stock/news/1853989/recent-upgrade-by-brokers-bring-glory-to-these-5-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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Zacks 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 Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: 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/performance for information about the performance numbers displayed in this press release.