We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Buy These 3 Top-Ranked Stocks With Upgraded Broker Ratings
Read MoreHide Full Article
The macroeconomic environment continues to be highly uncertain. Amid such a situation, it is difficult for individual investors to pick stocks independently and generate robust returns. For this, one has to understand the fundamentals of every company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow the broker's recommendation. In this regard, stocks like TripAdvisor Inc. (TRIP - Free Report) , Oracle Corp. (ORCL - Free Report) and The Trade Desk, Inc. (TTD - Free Report) are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They evaluate companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Selecting the Winning Strategy
We have a screening strategy that will help 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 trade 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: Despite good or bad market conditions, 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 three of the four stocks that qualified for the screening:
Massachusetts-based TripAdvisor is one of the largest online travel research companies in the world. TRIP provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants.
TRIP’s earnings for 2023 are expected to rally 43.1%. TripAdvisor, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Redwood City, CA, Oracle is one of the largest enterprise-grade database, middleware and application software providers. ORCL offers cloud solutions and services that can be used to build and manage various cloud deployment models.
Oracle’s fiscal 2024 earnings are projected to increase 8.2%. ORCL, carrying a Zacks Rank #2 at present, has witnessed a 4% upward revision in broker ratings over the past four weeks.
Trade Desk, based in Ventura, CA, operates a self-service cloud-based platform that allows buyers to plan, manage, optimize and measure data-driven digital advertising campaigns. TTD also provides data and other value-added services.
Trade Desk’s 2023 earnings are projected to rise 20.2%. TTD, carrying a Zacks Rank #2 at present, has witnessed a 3.9% upward revision in broker ratings in 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.
Image: Bigstock
Buy These 3 Top-Ranked Stocks With Upgraded Broker Ratings
The macroeconomic environment continues to be highly uncertain. Amid such a situation, it is difficult for individual investors to pick stocks independently and generate robust returns. For this, one has to understand the fundamentals of every company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow the broker's recommendation. In this regard, stocks like TripAdvisor Inc. (TRIP - Free Report) , Oracle Corp. (ORCL - Free Report) and The Trade Desk, Inc. (TTD - Free Report) are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They evaluate companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Selecting the Winning Strategy
We have a screening strategy that will help 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 trade 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: Despite good or bad market conditions, 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 three of the four stocks that qualified for the screening:
Massachusetts-based TripAdvisor is one of the largest online travel research companies in the world. TRIP provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants.
TRIP’s earnings for 2023 are expected to rally 43.1%. TripAdvisor, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Redwood City, CA, Oracle is one of the largest enterprise-grade database, middleware and application software providers. ORCL offers cloud solutions and services that can be used to build and manage various cloud deployment models.
Oracle’s fiscal 2024 earnings are projected to increase 8.2%. ORCL, carrying a Zacks Rank #2 at present, has witnessed a 4% upward revision in broker ratings over the past four weeks.
Trade Desk, based in Ventura, CA, operates a self-service cloud-based platform that allows buyers to plan, manage, optimize and measure data-driven digital advertising campaigns. TTD also provides data and other value-added services.
Trade Desk’s 2023 earnings are projected to rise 20.2%. TTD, carrying a Zacks Rank #2 at present, has witnessed a 3.9% upward revision in broker ratings in 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 of 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