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Zacks.com featured highlights TripAdvisor, MercadoLibre and GoDaddy
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For Immediate Release
Chicago, IL – November 30, 2023 – Stocks in this week’s article are TripAdvisor Inc. (TRIP - Free Report) , MercadoLibre, Inc. (MELI - Free Report) and GoDaddy Inc. (GDDY - Free Report) .
3 Top-Ranked Stocks with Upgraded Broker Ratings to Bet On
The macroeconomic environment continues to be uncertain. In such a situation, it is difficult for individual investors to pick stocks independently and generate robust returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks like TripAdvisor Inc., MercadoLibre, Inc. and GoDaddy Inc. are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are three stocks that qualified for the screening:
Massachusetts-based TripAdvisor is one of the largest online travel research companies in the world. TRIP provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants.
TRIP’s earnings for 2023 are expected to rally 43.1%. TripAdvisor, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Uruguay, MercadoLibre is one of the largest e-commerce platforms in South America. MELI is a market leader in e-commerce in Brazil, Argentina, Colombia, Chile, Ecuador, Costa Rica, Peru, Mexico and Uruguay based on unique visitors and page views.
MercadoLibre’s 2023 earnings are projected to surge 139.2%. MELI, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.
GoDaddy, based in Tempe, AZ, is an Internet domain registrar and web hosting company that also sells e-business related software and services. GDDY is engaged in the design and development of cloud-based technology products for small businesses, web design professionals and individuals.
GoDaddy’s 2023 earnings are projected to rise 23.1%. GDDY, carrying a Zacks Rank #2 at present, has witnessed a 6.7% upward revision in broker ratings in the past four weeks.
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.
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.
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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 TripAdvisor, MercadoLibre and GoDaddy
For Immediate Release
Chicago, IL – November 30, 2023 – Stocks in this week’s article are TripAdvisor Inc. (TRIP - Free Report) , MercadoLibre, Inc. (MELI - Free Report) and GoDaddy Inc. (GDDY - Free Report) .
3 Top-Ranked Stocks with Upgraded Broker Ratings to Bet On
The macroeconomic environment continues to be uncertain. In such a situation, it is difficult for individual investors to pick stocks independently and generate robust returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. In this regard, stocks like TripAdvisor Inc., MercadoLibre, Inc. and GoDaddy Inc. are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are three stocks that qualified for the screening:
Massachusetts-based TripAdvisor is one of the largest online travel research companies in the world. TRIP provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants.
TRIP’s earnings for 2023 are expected to rally 43.1%. TripAdvisor, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Uruguay, MercadoLibre is one of the largest e-commerce platforms in South America. MELI is a market leader in e-commerce in Brazil, Argentina, Colombia, Chile, Ecuador, Costa Rica, Peru, Mexico and Uruguay based on unique visitors and page views.
MercadoLibre’s 2023 earnings are projected to surge 139.2%. MELI, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.
GoDaddy, based in Tempe, AZ, is an Internet domain registrar and web hosting company that also sells e-business related software and services. GDDY is engaged in the design and development of cloud-based technology products for small businesses, web design professionals and individuals.
GoDaddy’s 2023 earnings are projected to rise 23.1%. GDDY, carrying a Zacks Rank #2 at present, has witnessed a 6.7% upward revision in broker ratings in the past four weeks.
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 of 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/2190670/3-top-ranked-stocks-with-upgraded-broker-ratings-to-bet-on
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 +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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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.