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5 Top Stocks With Upgraded Broker Ratings to Buy Right Away
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Amid increasing volatility in the markets, it’s difficult to pick stocks that will provide solid returns. So, it’s better to take the help of an expert. In this case, by following broker recommendations, one can easily find investment worthy stocks.
Brokers have deeper insight into what’s happening in a particular company as they directly communicate with management. Also, they have a comprehensive understanding of the overall industry.
Brokers research on a company’s publicly available financial statements, listen to conference calls and engage in talks directly with top management. At times, they even talk with customers to gauge what they like or dislike about the products and services offered by the company.
Further, brokers understand the company fundamentals and try to place them against the present economic background to figure out how it may fare as an investment. Hence, after thorough research, brokers decide to rate that particular company’s stock. So, when an analyst upgrades a stock, one can easily depend on it.
However, solely depending on analysts’ upgrades is not the right way to build an investment portfolio. One should also take into consideration certain other factors to ensure robust 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% or 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 five of the seven stocks that qualified the screening:
Zebra Technologies Corporation (ZBRA - Free Report) , based in Lincolnshire, IL, designs, manufactures, and sells a range of automatic identification and data capture products. Its 2018 earnings are expected to surge 29.5%. The stock, sporting a Zacks Rank #1, has witnessed 11.1% upward revision in broker ratings over the past four weeks.
BorgWarner Inc. (BWA - Free Report) , headquartered in Auburn Hills, MI, provides solutions for combustion, hybrid, and electric vehicles. Its 2018 earnings are expected to increase 9.8%. The stock, with a Zacks Rank #2, has witnessed 6.7% upward revision in broker ratings over the past four weeks.
Los Angeles, CA-based KB Home (KBH - Free Report) operates as a homebuilding company. The company’s earnings are expected to surge 41.6% in 2018. The stock, sporting a Zacks Rank #1, has witnessed 9.1% upward revision in broker ratings over the past four weeks.
Based in Greenville, SC- ScanSource, Inc. (SCSC - Free Report) distributes technology products and solutions. This Zacks Rank #2 company’s earnings are expected to increase 14.9% for the current year. The stock has witnessed 33.3% upward revision in broker ratings over the past four weeks.
Milwaukee, WI-based A. O. Smith Corporation (AOS - Free Report) manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products. The company’s earnings are expected to rise 18.4% in 2018. The stock, carrying a Zacks Rank #2, has witnessed 9.1% 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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5 Top Stocks With Upgraded Broker Ratings to Buy Right Away
Amid increasing volatility in the markets, it’s difficult to pick stocks that will provide solid returns. So, it’s better to take the help of an expert. In this case, by following broker recommendations, one can easily find investment worthy stocks.
Brokers have deeper insight into what’s happening in a particular company as they directly communicate with management. Also, they have a comprehensive understanding of the overall industry.
Brokers research on a company’s publicly available financial statements, listen to conference calls and engage in talks directly with top management. At times, they even talk with customers to gauge what they like or dislike about the products and services offered by the company.
Further, brokers understand the company fundamentals and try to place them against the present economic background to figure out how it may fare as an investment. Hence, after thorough research, brokers decide to rate that particular company’s stock. So, when an analyst upgrades a stock, one can easily depend on it.
However, solely depending on analysts’ upgrades is not the right way to build an investment portfolio. One should also take into consideration certain other factors to ensure robust 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% or 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 five of the seven stocks that qualified the screening:
Zebra Technologies Corporation (ZBRA - Free Report) , based in Lincolnshire, IL, designs, manufactures, and sells a range of automatic identification and data capture products. Its 2018 earnings are expected to surge 29.5%. The stock, sporting a Zacks Rank #1, has witnessed 11.1% upward revision in broker ratings over the past four weeks.
BorgWarner Inc. (BWA - Free Report) , headquartered in Auburn Hills, MI, provides solutions for combustion, hybrid, and electric vehicles. Its 2018 earnings are expected to increase 9.8%. The stock, with a Zacks Rank #2, has witnessed 6.7% upward revision in broker ratings over the past four weeks.
Los Angeles, CA-based KB Home (KBH - Free Report) operates as a homebuilding company. The company’s earnings are expected to surge 41.6% in 2018. The stock, sporting a Zacks Rank #1, has witnessed 9.1% upward revision in broker ratings over the past four weeks.
Based in Greenville, SC- ScanSource, Inc. (SCSC - Free Report) distributes technology products and solutions. This Zacks Rank #2 company’s earnings are expected to increase 14.9% for the current year. The stock has witnessed 33.3% upward revision in broker ratings over the past four weeks.
Milwaukee, WI-based A. O. Smith Corporation (AOS - Free Report) manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products. The company’s earnings are expected to rise 18.4% in 2018. The stock, carrying a Zacks Rank #2, has witnessed 9.1% 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 »