For Immediate Release
Chicago, IL – August 10, 2021 – Stocks in this week’s article are Cross Country Healthcare, Inc. (
CCRN Quick Quote CCRN - Free Report) , The Greenbrier Companies, Inc. ( GBX Quick Quote GBX - Free Report) , AutoNation, Inc. ( AN Quick Quote AN - Free Report) , Peabody Energy Corporation ( BTU Quick Quote BTU - Free Report) and Bloomin’ Brands, Inc. ( BLMN Quick Quote BLMN - Free Report) . Recent Broker Upgrades Lead These Stocks to Flying High
The second-quarter earnings season, which is in its last leg, saw a large proportion of companies not only report better-than-expected earnings per share but also register year-over-year bottom-line growth. Although results were aided by easy year-over-year comparisons as second-quarter 2020 was hardest hit by the COVID crisis, the improvement in the overall scenario with economic activities gathering steam is certainly heartwarming.
Against this favorable background, investors would like to add outperformers to their portfolios as they strive to design a portfolio of stocks that will fetch them handsome returns. No one would after all like to see their hard-earned money invested in the stock market going down the drain, particularly in such uncertain times.
However, the task is easier said than done. This is because the investing world is fraught with uncertainties and stock prices are sensitive to recent developments. Additionally, the same group of stocks may not work under all circumstances.
For example, airline stocks may benefit from declining oil prices but may fall out of favor in the event of oil prices moving up. One of the well-accepted strategies to brave the market turbulence is to maintain a well-diversified (i.e. include stocks from different industries) portfolio.
What's the Way Forward?
Given this scenario, it is in the best interest of investors to seek guidance from "experts in the field". The concerned experts are brokers. The opinion of brokers acts as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock. Broker ratings are backed by sound logic. They have deeper insight into the happenings of a particular company as they directly communicate with management.
They undertake extensive research on the company's publicly available financial statements apart from attending conference calls. In a bid to deepen their understanding of a particular stock, they sometimes converse with customers to find out their likes/dislikes about the products and services offered by the company.
Making the Most of Broker Opinions
The above write-up clearly suggests that by following broker actions, one can arrive at a winning basket of stocks. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendations and upward revisions in earnings estimates over the last four weeks.
Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is also included. The price/sales ratio takes care of the company's top line, making the strategy effective.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1777025/recent-upgrade-by-brokers-leads-these-5-stocks-to-fly-high 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. About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year.
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Contact: Jim Giaquinto
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
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