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5 Top-Ranked Stocks with Upgraded Broker Ratings to Buy Now
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Investing can be a tedious process unless one knows how to search for potential winners from the vast universe of stocks. In order to make this task easier, it’s prudent to follow broker ratings.
Brokers have deeper insight into what’s happening in a particular company. They properly analyze the fundamentals of a company and place them against the present economic backdrop to figure out how the stock will fare as an investment.
Also, brokers directly communicate with top management, attend conference calls and go through the company’s publicly available financial documents. They even talk to customers to understand their likes/dislikes for the products and services offered by the company.
So, one can easily choose attractive stocks by following broker upgrades. But merely depending on it is not wise though. One must take into consideration several other factors to ensure strong returns.
Picking 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 nine stocks that made it through the screen:
Headquartered in Tempe, AZ, Insight Enterprises, Inc. (NSIT - Free Report) provides information technology (IT) hardware, software, cloud, and service solutions. The company boasts a strong surprise history, with a trailing four-quarter average beat of 36.3%. The stock witnessed 18.2% upward revisions in broker ratings over the past four weeks.
Long Beach, CA based Molina Healthcare, Inc. (MOH - Free Report) provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. Over the trailing four quarters, the company delivered an average positive surprise of 45.7%. The stock witnessed nearly 1% upward revision in broker ratings over the past four weeks.
Huntsman Corporation (HUN - Free Report) , headquartered in The Woodlands, TX, manufactures and sells differentiated organic and inorganic chemical products. Over the trailing four quarters, the company delivered an average positive surprise of 20.1%. The stock witnessed 9.1% upward revision in broker ratings over the past four weeks.
Headquartered in Irvine, CA, Western Digital Corporation (WDC - Free Report) develops, manufactures, and sells data storage devices and solutions. The company boasts a strong surprise history, with a trailing four-quarter average beat of 13.5%. The stock witnessed 1.6% upward revisions in broker ratings over the past four weeks.
New York based AllianceBernstein Holding L.P. (AB - Free Report) is a publicly owned investment manager and provides research services. Over the trailing four quarters, the company delivered an average positive surprise of 9.3%. The stock witnessed 42.9% 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 back testing 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 Now
Investing can be a tedious process unless one knows how to search for potential winners from the vast universe of stocks. In order to make this task easier, it’s prudent to follow broker ratings.
Brokers have deeper insight into what’s happening in a particular company. They properly analyze the fundamentals of a company and place them against the present economic backdrop to figure out how the stock will fare as an investment.
Also, brokers directly communicate with top management, attend conference calls and go through the company’s publicly available financial documents. They even talk to customers to understand their likes/dislikes for the products and services offered by the company.
So, one can easily choose attractive stocks by following broker upgrades. But merely depending on it is not wise though. One must take into consideration several other factors to ensure strong returns.
Picking 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 nine stocks that made it through the screen:
Headquartered in Tempe, AZ, Insight Enterprises, Inc. (NSIT - Free Report) provides information technology (IT) hardware, software, cloud, and service solutions. The company boasts a strong surprise history, with a trailing four-quarter average beat of 36.3%. The stock witnessed 18.2% upward revisions in broker ratings over the past four weeks.
Long Beach, CA based Molina Healthcare, Inc. (MOH - Free Report) provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program. Over the trailing four quarters, the company delivered an average positive surprise of 45.7%. The stock witnessed nearly 1% upward revision in broker ratings over the past four weeks.
Huntsman Corporation (HUN - Free Report) , headquartered in The Woodlands, TX, manufactures and sells differentiated organic and inorganic chemical products. Over the trailing four quarters, the company delivered an average positive surprise of 20.1%. The stock witnessed 9.1% upward revision in broker ratings over the past four weeks.
Headquartered in Irvine, CA, Western Digital Corporation (WDC - Free Report) develops, manufactures, and sells data storage devices and solutions. The company boasts a strong surprise history, with a trailing four-quarter average beat of 13.5%. The stock witnessed 1.6% upward revisions in broker ratings over the past four weeks.
New York based AllianceBernstein Holding L.P. (AB - Free Report) is a publicly owned investment manager and provides research services. Over the trailing four quarters, the company delivered an average positive surprise of 9.3%. The stock witnessed 42.9% 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 back testing 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 »