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5 Stocks to Add to Your Portfolio on Upgraded Broker Ratings
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Given the current volatile markets amid coronavirus-related mayhem, it is very difficult for retail investors to choose stocks on their own. With the first-quarter earnings season in full steam, market sentiments are easily influenced by corporate results and guidance.
Therefore, given the current uncertain operating backdrop, advice from experts become extremely crucial. You can simply follow broker rating upgrades. Brokers have more insight into stocks, sectors and the overall economy. Also, they directly communicate with top management, and thoroughly study publicly available documents as well as attend conference calls.
Moreover, 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. Hence, by following broker rating upgrades, you can easily find attractive stocks.
Nonetheless, depending only on broker upgrades is not advisable. You must also take into consideration a few other factors before adding a stock to your investment portfolio. In this way, you can ensure solid returns.
Choosing the Winning Strategy
We have a screening strategy that will help you in your search for potential winners:
Broker Rating Upgrades (four 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 of 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 25 stocks that qualified the screening:
Based in Minneapolis, MN, General Mills (GIS - Free Report) manufactures and markets branded consumer foods. Its earnings are expected to increase 2.9% in fiscal 2020. The stock, currently carrying a Zacks Rank #2, has witnessed 8.3% upward revision in broker ratings over the past four weeks.
Dollar General Corporation (DG - Free Report) is a discount retailer and provides various merchandise products. This Goodlettsville, TN-based company’s fiscal 2021 earnings are expected to increase 10.9%. The stock, carrying a Zacks Rank #2 at present, has witnessed 5.9% upward revision in broker ratings over the past four weeks.
Based in Exton, PA, West Pharmaceutical Services, Inc. (WST - Free Report) manufactures and sells containment and delivery systems for injectable drugs and healthcare products. Its earnings are expected to grow 7.4% in 2020. The stock, currently carrying a Zacks Rank #2, has witnessed 25% upward revision in broker ratings over the past four weeks.
Headquartered in Purchase, NY, Atlas Air Worldwide Holdings, Inc. provides outsourced aircraft and aviation operating services. Its 2020 earnings are expected to grow 26.9%. The stock, carrying a Zacks Rank #2 at present, has witnessed 33.3% upward revision in broker ratings over the past four weeks.
CoreLogic, Inc. provides property information, insight, analytics and data-enabled solutions. This Irvine, CA-based company’s 2020 earnings are expected to increase 4.2%. The stock, currently carrying a Zacks Rank #2, has 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.
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5 Stocks to Add to Your Portfolio on Upgraded Broker Ratings
Given the current volatile markets amid coronavirus-related mayhem, it is very difficult for retail investors to choose stocks on their own. With the first-quarter earnings season in full steam, market sentiments are easily influenced by corporate results and guidance.
Therefore, given the current uncertain operating backdrop, advice from experts become extremely crucial. You can simply follow broker rating upgrades. Brokers have more insight into stocks, sectors and the overall economy. Also, they directly communicate with top management, and thoroughly study publicly available documents as well as attend conference calls.
Moreover, 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. Hence, by following broker rating upgrades, you can easily find attractive stocks.
Nonetheless, depending only on broker upgrades is not advisable. You must also take into consideration a few other factors before adding a stock to your investment portfolio. In this way, you can ensure solid returns.
Choosing the Winning Strategy
We have a screening strategy that will help you in your search for potential winners:
Broker Rating Upgrades (four 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 of 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 25 stocks that qualified the screening:
Based in Minneapolis, MN, General Mills (GIS - Free Report) manufactures and markets branded consumer foods. Its earnings are expected to increase 2.9% in fiscal 2020. The stock, currently carrying a Zacks Rank #2, has witnessed 8.3% upward revision in broker ratings over the past four weeks.
Dollar General Corporation (DG - Free Report) is a discount retailer and provides various merchandise products. This Goodlettsville, TN-based company’s fiscal 2021 earnings are expected to increase 10.9%. The stock, carrying a Zacks Rank #2 at present, has witnessed 5.9% upward revision in broker ratings over the past four weeks.
Based in Exton, PA, West Pharmaceutical Services, Inc. (WST - Free Report) manufactures and sells containment and delivery systems for injectable drugs and healthcare products. Its earnings are expected to grow 7.4% in 2020. The stock, currently carrying a Zacks Rank #2, has witnessed 25% upward revision in broker ratings over the past four weeks.
Headquartered in Purchase, NY, Atlas Air Worldwide Holdings, Inc. provides outsourced aircraft and aviation operating services. Its 2020 earnings are expected to grow 26.9%. The stock, carrying a Zacks Rank #2 at present, has witnessed 33.3% upward revision in broker ratings over the past four weeks.
CoreLogic, Inc. provides property information, insight, analytics and data-enabled solutions. This Irvine, CA-based company’s 2020 earnings are expected to increase 4.2%. The stock, currently carrying a Zacks Rank #2, has 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