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5 Top Ranked Stocks with Upgraded Broker Ratings to Buy
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A number of fundamental and technical aspects are involved in identifying stocks with steady growth potential. It’s not easy for individual investors to select stocks on their own and this is where expert advice comes in handy.
By following broker rating upgrades, an investor can readily find attractive stocks. Brokers have greater insight into what’s happening in a particular company, as they directly communicate with the top management. Also, they go through the company’s publicly available financial documents and even attend conference calls.
Further, brokers have a deeper understanding of the overall industry. They also consider the company’s fundamentals against the present economic backdrop to figure out how the stock will fare as an investment.
Hence, when a broker upgrades a stock, you can certainly rely on their judgment. Nonetheless, depending solely on broker upgrade is not a great idea to build your investment portfolio. You should also take into account other factors to ensure steady returns.
Choosing 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 five of the 11 stocks that made it through the screen:
Headquartered in Wilmington, DE, The Chemours Company (CC - Free Report) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company boasts a strong surprise history, with a trailing four-quarter average beat of 151.6%. The stock witnessed 14.3% upward revisions in broker ratings over the past four weeks.
Boise, ID based Micron Technology, Inc. (MU - Free Report) provides semiconductor systems worldwide. Over the trailing four quarters, the company delivered an average positive surprise of 23.5%. The stock witnessed 14% upward revision in broker ratings over the past four weeks.
John Bean Technologies Corporation (JBT - Free Report) , headquartered in Chicago, IL, designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. Over the trailing four quarters, the company delivered an average positive surprise of 21%. The stock witnessed 16% 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 8.6% upward revision in broker ratings over the past four weeks.
Boise Cascade Company (BCC - Free Report) , based in Boise, ID, manufactures wood products and distributes building materials in the United States and Canada. The company boasts a decent surprise history, with a trailing four-quarter average beat of 517.5%. The stock witnessed 28.6% 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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5 Top Ranked Stocks with Upgraded Broker Ratings to Buy
A number of fundamental and technical aspects are involved in identifying stocks with steady growth potential. It’s not easy for individual investors to select stocks on their own and this is where expert advice comes in handy.
By following broker rating upgrades, an investor can readily find attractive stocks. Brokers have greater insight into what’s happening in a particular company, as they directly communicate with the top management. Also, they go through the company’s publicly available financial documents and even attend conference calls.
Further, brokers have a deeper understanding of the overall industry. They also consider the company’s fundamentals against the present economic backdrop to figure out how the stock will fare as an investment.
Hence, when a broker upgrades a stock, you can certainly rely on their judgment. Nonetheless, depending solely on broker upgrade is not a great idea to build your investment portfolio. You should also take into account other factors to ensure steady returns.
Choosing 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 five of the 11 stocks that made it through the screen:
Headquartered in Wilmington, DE, The Chemours Company (CC - Free Report) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company boasts a strong surprise history, with a trailing four-quarter average beat of 151.6%. The stock witnessed 14.3% upward revisions in broker ratings over the past four weeks.
Boise, ID based Micron Technology, Inc. (MU - Free Report) provides semiconductor systems worldwide. Over the trailing four quarters, the company delivered an average positive surprise of 23.5%. The stock witnessed 14% upward revision in broker ratings over the past four weeks.
John Bean Technologies Corporation (JBT - Free Report) , headquartered in Chicago, IL, designs, manufactures, tests, installs, and services products and systems for the food and beverage, and air transportation industries. Over the trailing four quarters, the company delivered an average positive surprise of 21%. The stock witnessed 16% 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 8.6% upward revision in broker ratings over the past four weeks.
Boise Cascade Company (BCC - Free Report) , based in Boise, ID, manufactures wood products and distributes building materials in the United States and Canada. The company boasts a decent surprise history, with a trailing four-quarter average beat of 517.5%. The stock witnessed 28.6% 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 »