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4 Top Stocks with Upgraded Broker Ratings Worth Betting On
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In a bullish market, a basic fundamental analysis of companies is not enough to zero in on stocks that have the potential to generate solid returns. In such a case, expert advice helps to pick the right stocks.
One could easily follow broker advice, as they have a deeper insight into stocks, the sectors and the overall economy. Brokers directly communicate with the top management. They also thoroughly study the publicly available documents and attend conference calls.
Further, brokers scrutinize the fundamentals of companies and place them against the current economic backdrop to find out how the stocks will fare as an investment option. Therefore, by following broker rating upgrades, you can easily find attractive stocks.
But solely depending on broker upgrades is not advisable. You must take into consideration a few other factors before adding a stock to your investment portfolio. This way you can 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) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% more 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 or #2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or #2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Scoreequal to A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Here are four stocks that made it through the screen:
Headquartered in San Juan, PR, EVERTEC, Inc. (EVTC - Free Report) is engaged in transaction processing business serving financial institutions, merchants, corporations, and government agencies. The company’s earnings are expected to grow at the rate of 1.4% in the current year. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
Amphenol Corporation (APH - Free Report) , headquartered in Wallingford, CT, is engaged in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors. The company’s current year earnings are expected to grow at the rate of 13.1%. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
New Britain, CT-based Stanley Black & Decker, Inc. (SWK - Free Report) offers secure transportation, cash management services, and other security-related services worldwide. The company’s earnings are expected to grow at the rate of 11.2% for the current year. The stock has witnessed 7.1% upward revision in broker ratings over the past four weeks.
Conn's, Inc. (CONN - Free Report) , based in The Woodlands, TX, is a specialty retailer of durable consumer goods and related services. The company’s current year earnings are expected to grow at the rate of 331.8%. The stock has witnessed 20% upward revision in broker ratings over 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.
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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4 Top Stocks with Upgraded Broker Ratings Worth Betting On
In a bullish market, a basic fundamental analysis of companies is not enough to zero in on stocks that have the potential to generate solid returns. In such a case, expert advice helps to pick the right stocks.
One could easily follow broker advice, as they have a deeper insight into stocks, the sectors and the overall economy. Brokers directly communicate with the top management. They also thoroughly study the publicly available documents and attend conference calls.
Further, brokers scrutinize the fundamentals of companies and place them against the current economic backdrop to find out how the stocks will fare as an investment option. Therefore, by following broker rating upgrades, you can easily find attractive stocks.
But solely depending on broker upgrades is not advisable. You must take into consideration a few other factors before adding a stock to your investment portfolio. This way you can 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) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% more 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 or #2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or #2 (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 or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Here are four stocks that made it through the screen:
Headquartered in San Juan, PR, EVERTEC, Inc. (EVTC - Free Report) is engaged in transaction processing business serving financial institutions, merchants, corporations, and government agencies. The company’s earnings are expected to grow at the rate of 1.4% in the current year. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
Amphenol Corporation (APH - Free Report) , headquartered in Wallingford, CT, is engaged in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors. The company’s current year earnings are expected to grow at the rate of 13.1%. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
New Britain, CT-based Stanley Black & Decker, Inc. (SWK - Free Report) offers secure transportation, cash management services, and other security-related services worldwide. The company’s earnings are expected to grow at the rate of 11.2% for the current year. The stock has witnessed 7.1% upward revision in broker ratings over the past four weeks.
Conn's, Inc. (CONN - Free Report) , based in The Woodlands, TX, is a specialty retailer of durable consumer goods and related services. The company’s current year earnings are expected to grow at the rate of 331.8%. The stock has witnessed 20% upward revision in broker ratings over 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 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 »