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Image: Shutterstock featured highlights include BJ's Wholesale Club, Elevance Health, MGIC Investment, Mercer International and RCM Technologies

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For Immediate Release

Chicago, IL – August 30, 2022 – Stocks in this week’s article are BJ's Wholesale Club Holdings, Inc. (BJ - Free Report) , Elevance Health Inc. (ELV - Free Report) , MGIC Investment Corporation (MTG - Free Report) , Mercer International Inc. (MERC - Free Report) and RCM Technologies, Inc. (RCMT - Free Report) .

Buy These 5 Stocks with Upgraded Broker Ratings Right Away

The operating backdrop continues to be challenging for stocks amid macroeconomic and geopolitical uncertainties. Thus, it's not easy for individual investors to choose stocks independently and generate solid returns.

One way to choose the right stocks is to follow rating upgrades by brokers. In this regard, stocks like BJ's Wholesale Club Holdings, Inc., Elevance Health Inc., MGIC Investment Corporation, Mercer International Inc. and RCM Technologies, Inc. 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 company'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.

Here are the five of the 12 stocks that qualified the screening:

BJ's Wholesale Club, based in Westborough, MA, operates warehouse clubs on the east coast of the United States. BJ has emerged as one of the preferred destinations for shoppers regarding essentials and other items.

BJ's Wholesale Club's fiscal 2023 earnings are projected to increase 9.5%. The stock, sporting a Zacks Rank #1 at present, has witnessed a 7.7% upward revision in broker ratings over the past four weeks.

Indianapolis, IN-based Elevance Health is a health benefits company. It supports consumers, families and communities across the entire care journey connecting to the care, support and resources to lead healthier lives. The company, formerly known as Anthem, Inc., changed its name to Elevance Health Inc. this June.

Its earnings for 2022 are expected to jump 10.9%. Elevance Health, currently carrying a Zacks Rank #2, has witnessed 7.7% upward revision in broker ratings over the past four weeks.

Milwaukee, WI-headquartered MGIC Investment is the parent company of Mortgage Guaranty Insurance Corporation, the largest private mortgage insurer in the United States. With a focus on sustainable homeownership, MTG provides a critical component of the country's residential mortgage finance system by protecting mortgage investors from credit losses.

MGIC Investment's 2022 earnings are projected to increase 27.2%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 50% upward revision in broker ratings over the past four weeks.

Mercer International, headquartered in Canada, manufactures and sells northern bleached softwood kraft pulp. MERC operates through two segments – Pulp and Wood Products.

The company's earnings for 2022 are expected to jump 57.4%. Mercer International, currently sporting a Zacks Rank #1, has witnessed 33.3% upward revision in broker ratings over the past four weeks.

Based in Pennsauken, NJ, RCM Technologies offers business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. RCMT operates through three segments – Engineering, Specialty Health Care and Life Sciences and Information Technology.

RCM Technologies' 2022 earnings are projected to surge 224.6%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 50% 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.

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For the rest of this Screen of the Week article please visit at:

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 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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