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7 Stocks with Upgraded Broker Ratings Worth Investing In
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With overall market sentiments being fairly positive, you may be thinking that choosing stocks would be the easiest thing on earth. However, with almost every stock witnessing a bullish trend, you might end up picking the wrong ones.
Hence, it will be wise to seek help from experts. One way to cut this task out is to follow broker recommendation.
Brokers have far more insight into stocks and sectors overall. They analyze a company’s publicly available documents, attend conference calls and are in direct communication with the top management. Also, they talk to customers to understand what they like or dislike about the products and services offered by a company.
There’s an all-inclusive research behind the rating of a broker on a company’s stock. Closely following what the majority of brokers are saying about a stock can help you guage its potential. Therefore, when an analyst upgrades a stock, you can easily rely on it.
Nonetheless, it’s not the right thing to depend solely on brokers’ upgrades to build your portfolio. You must also take into consideration other factors to ensure stable returns.
Selecting the Winning Strategy
We have a screening strategy that will help in your search for potential winners:
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker rating upgrades over the last four weeks.
Current Price greater than 5: The stocks must be trading above $5.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score equal to A: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Here are seven of the 20 stocks that made it through the screen:
Headquartered in Pittsburgh, PA, United States Steel Corporation (X - Free Report) produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company boasts a strong surprise history, with a trailing four-quarter average beat of 630.3%. The stock witnessed 14.7% upward revisions in broker ratings over the past four weeks.
Toledo, OH based Owens Corning (OC - Free Report) produces and sells glass fiber reinforcements and other materials for composites, and residential and commercial building materials globally. Over the trailing four quarters, the company delivered an average positive surprise of 35.1%. The stock witnessed 5.4% upward revision in broker ratings over the past four weeks.
Billerica, MA based Entegris, Inc. (ENTG - Free Report) develops, manufactures, and supplies micro contamination control products, specialty chemicals and advanced materials handling solutions worldwide. The company boasts a decent surprise history, with a trailing four-quarter average beat of 16.9%. The stock witnessed 16.7% upward revision in broker ratings over the past four weeks.
Health Insurance Innovations, Inc. , headquartered in Tampa, FL, operates as a developer, distributor and administrator of cloud-based individual health and family insurance plans, and supplemental products in the U.S. Over the trailing four quarters, the company delivered an average positive surprise of 277.8%. The stock witnessed 16% upward revision in broker ratings over the past four weeks.
Burlington Stores, Inc. (BURL - Free Report) , based in Burlington, NJ, operates as a retailer of branded apparel products in the U.S. Over the trailing four quarters, the company delivered an average positive surprise of 26.3%. The stock witnessed 11.1% upward revision in broker ratings over the past four weeks.
Sugar Land, TX based Applied Optoelectronics, Inc. (AAOI - Free Report) designs, manufactures and sells fiber-optic networking products. The company boasts a decent surprise history, with a trailing four-quarter average beat of 116.5%. The stock witnessed 4.8% upward revision in broker ratings over the past four weeks.
The Children's Place, Inc. (PLCE - Free Report) , headquartered in Secaucus, NJ, operates as a children's specialty apparel retailer. Over the trailing four quarters, the company delivered an average positive surprise of 39.0%. The stock witnessed 11.1% upward revision in broker ratings over the past four weeks.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
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7 Stocks with Upgraded Broker Ratings Worth Investing In
With overall market sentiments being fairly positive, you may be thinking that choosing stocks would be the easiest thing on earth. However, with almost every stock witnessing a bullish trend, you might end up picking the wrong ones.
Hence, it will be wise to seek help from experts. One way to cut this task out is to follow broker recommendation.
Brokers have far more insight into stocks and sectors overall. They analyze a company’s publicly available documents, attend conference calls and are in direct communication with the top management. Also, they talk to customers to understand what they like or dislike about the products and services offered by a company.
There’s an all-inclusive research behind the rating of a broker on a company’s stock. Closely following what the majority of brokers are saying about a stock can help you guage its potential. Therefore, when an analyst upgrades a stock, you can easily rely on it.
Nonetheless, it’s not the right thing to depend solely on brokers’ upgrades to build your portfolio. You must also take into consideration other factors to ensure stable returns.
Selecting the Winning Strategy
We have a screening strategy that will help in your search for potential winners:
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker rating upgrades over the last four weeks.
Current Price greater than 5: The stocks must be trading above $5.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score equal to A: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Here are seven of the 20 stocks that made it through the screen:
Headquartered in Pittsburgh, PA, United States Steel Corporation (X - Free Report) produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company boasts a strong surprise history, with a trailing four-quarter average beat of 630.3%. The stock witnessed 14.7% upward revisions in broker ratings over the past four weeks.
Toledo, OH based Owens Corning (OC - Free Report) produces and sells glass fiber reinforcements and other materials for composites, and residential and commercial building materials globally. Over the trailing four quarters, the company delivered an average positive surprise of 35.1%. The stock witnessed 5.4% upward revision in broker ratings over the past four weeks.
Billerica, MA based Entegris, Inc. (ENTG - Free Report) develops, manufactures, and supplies micro contamination control products, specialty chemicals and advanced materials handling solutions worldwide. The company boasts a decent surprise history, with a trailing four-quarter average beat of 16.9%. The stock witnessed 16.7% upward revision in broker ratings over the past four weeks.
Health Insurance Innovations, Inc. , headquartered in Tampa, FL, operates as a developer, distributor and administrator of cloud-based individual health and family insurance plans, and supplemental products in the U.S. Over the trailing four quarters, the company delivered an average positive surprise of 277.8%. The stock witnessed 16% upward revision in broker ratings over the past four weeks.
Burlington Stores, Inc. (BURL - Free Report) , based in Burlington, NJ, operates as a retailer of branded apparel products in the U.S. Over the trailing four quarters, the company delivered an average positive surprise of 26.3%. The stock witnessed 11.1% upward revision in broker ratings over the past four weeks.
Sugar Land, TX based Applied Optoelectronics, Inc. (AAOI - Free Report) designs, manufactures and sells fiber-optic networking products. The company boasts a decent surprise history, with a trailing four-quarter average beat of 116.5%. The stock witnessed 4.8% upward revision in broker ratings over the past four weeks.
The Children's Place, Inc. (PLCE - Free Report) , headquartered in Secaucus, NJ, operates as a children's specialty apparel retailer. Over the trailing four quarters, the company delivered an average positive surprise of 39.0%. The stock witnessed 11.1% upward revision in broker ratings over the past four weeks.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »