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Zacks.com featured highlights include Zebra Technologies, Bath & Body Works, and Daqo New Energy

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For Immediate Release

Chicago, IL – May 9, 2022 – Stocks in this week’s article are Zebra Technologies Corp. (ZBRA - Free Report) , Bath & Body Works, Inc. (BBWI - Free Report) and Daqo New Energy Corp. (DQ - Free Report) .

Top Stocks to Buy Right Now on Upgraded Broker Ratings

These days markets are extremely volatile, and it's difficult for individual investors to select stocks on their own and generate solid returns. Markets are facing concerns regarding the ongoing Russia-Ukraine conflict and Federal Reserve's monetary policy changes to tame the unprecedented inflation numbers. Thus, selecting stocks that will generate solid returns at present is a daunting task.

How does a retail investor select the right stocks? One way is to follow rating upgrades by brokers. Thus, in this regard, stocks like Zebra Technologies Corp., Bath & Body Works, Inc., and Daqo New Energy Corp. are worth betting on.

As brokers directly communicate with the top management, they have an in-depth idea about what's happening in a particular company. Also, they diligently go through the firm's publicly available documents and even attend conference calls.

Brokers have a thorough understanding of the overall sector and industry. They place the company fundamentals against the current economic backdrop to determine how the stock will fare as an investment.

Thus, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns.

Selecting the Winning Strategy

Here are the three stocks that qualified the screening:

Headquartered in Lincolnshire, IL, Zebra Technologies is the leading provider of enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. ZBRA has a diversified portfolio of products and solutions that includes cloud-based subscriptions and a full range of services like maintenance, repair, technical support and managed and professional services.

The company's earnings for 2022 are expected to grow 7.2%. Zebra Technologies, currently carrying a Zacks Rank #2, has witnessed a 10% upward revision in broker ratings over the past four weeks.

Columbus, OH-based Bath & Body Works is a specialty retailer of home fragrance, body care, and soaps and sanitizer products. BBWI sells its products under the Bath & Body Works, White Barn and other brand names through specialty retail stores and websites.

Bath & Body Works' fiscal 2023 earnings are projected to rise 1.8%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 6.3% upward revision in broker ratings over the past four weeks.

China-based Daqo New Energy manufactures and sells polysilicon to photovoltaic product manufactures. DQ's products are used in ingots, wafers, cells and modules for solar power solutions.

The company's earnings for fiscal 2022 are expected to jump 89.6%. Daqo New Energy, which currently sports a Zacks Rank #1, has witnessed a 25% upward revision in broker ratings over the past four weeks.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1917599/3-top-stocks-to-buy-right-now-on-upgraded-broker-ratings

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

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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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.


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Zebra Technologies Corporation (ZBRA) - free report >>

DAQO New Energy Corp. (DQ) - free report >>

Bath & Body Works, Inc. (BBWI) - free report >>