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Given the relatively positive market sentiments, it may just be the right time to buy some good stocks. Nonetheless, with a large number of stocks witnessing a bullish trend, there is a possibility that you may end up with stocks that are already overpriced and may not appreciate further. Therefore, guide from the pros is crucial now.
The best and easiest way is to follow broker rating upgrades, as brokers have a deeper insight of stocks and the overall sectors.
They scrutinize the company’s fundamentals and place them against the current economic environment to determine how the stock will fare as an investment option. Also, they go through the company’s publicly available documents, attend conference calls and are in direct communication with management. Moreover, to get more insight into the company’s products and services, brokers even communicate with customers.
Following this in-depth research, they decide to rate the company’s stock. So, when an analyst upgrades a stock, you can easily count on it.
However, solely depending on broker recommendations is not the correct way to build your investment portfolio. You should also take into account certain other factors to ensure steady returns.
The following screening strategy will help you in finding prospective winners:
The Winning Strategy
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker upgrades over the last four weeks.
Current Price greater than or equal to 10: The stocks must be trading at $10 or above.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven record of success.
VGM Scoreequal to A: Our research shows that stocks with a VGM Score of ‘A’ or ‘B’ when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Here are five of the 10 stocks that made it through the screen:
Deckers Outdoor Corporation (DECK - Free Report) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company boasts a strong surprise history, with a trailing four-quarter beat of 25.2%.
Chemours Company (CC - Free Report) is involved in the chemical business. Over the trailing four quarters, the company delivered an average positive surprise of 144.7%.
Vishay Intertechnology, Inc. (VSH - Free Report) is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components. The company boasts a strong surprise history, with a trailing four-quarter beat of 19.3%.
Enviva Partners, LP (EVA - Free Report) is a master limited partnership which owns and operates wood pellet production plants. Over the trailing four quarters, the company delivered an average positive surprise of 0.2%.
Universal Forest Products Inc. (UFPI - Free Report) engineers, manufactures, treats, distributes and installs lumber, composite wood, plastic and other building products. The company has a strong surprise history, with a trailing four-quarter beat of 12.1%.
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.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
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5 Stocks with Upgraded Broker Ratings to Buy Now
Given the relatively positive market sentiments, it may just be the right time to buy some good stocks. Nonetheless, with a large number of stocks witnessing a bullish trend, there is a possibility that you may end up with stocks that are already overpriced and may not appreciate further. Therefore, guide from the pros is crucial now.
The best and easiest way is to follow broker rating upgrades, as brokers have a deeper insight of stocks and the overall sectors.
They scrutinize the company’s fundamentals and place them against the current economic environment to determine how the stock will fare as an investment option. Also, they go through the company’s publicly available documents, attend conference calls and are in direct communication with management. Moreover, to get more insight into the company’s products and services, brokers even communicate with customers.
Following this in-depth research, they decide to rate the company’s stock. So, when an analyst upgrades a stock, you can easily count on it.
However, solely depending on broker recommendations is not the correct way to build your investment portfolio. You should also take into account certain other factors to ensure steady returns.
The following screening strategy will help you in finding prospective winners:
The Winning Strategy
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker upgrades over the last four weeks.
Current Price greater than or equal to 10: The stocks must be trading at $10 or above.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven record of success.
VGM Score equal to A: Our research shows that stocks with a VGM Score of ‘A’ or ‘B’ when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Here are five of the 10 stocks that made it through the screen:
Deckers Outdoor Corporation (DECK - Free Report) is a leading designer, producer, and brand manager of innovative, niche footwear and accessories developed for outdoor sports, and other lifestyle-related activities. The company boasts a strong surprise history, with a trailing four-quarter beat of 25.2%.
Chemours Company (CC - Free Report) is involved in the chemical business. Over the trailing four quarters, the company delivered an average positive surprise of 144.7%.
Vishay Intertechnology, Inc. (VSH - Free Report) is a leading international manufacturer and supplier of discrete passive electronic components and discrete active electronic components. The company boasts a strong surprise history, with a trailing four-quarter beat of 19.3%.
Enviva Partners, LP (EVA - Free Report) is a master limited partnership which owns and operates wood pellet production plants. Over the trailing four quarters, the company delivered an average positive surprise of 0.2%.
Universal Forest Products Inc. (UFPI - Free Report) engineers, manufactures, treats, distributes and installs lumber, composite wood, plastic and other building products. The company has a strong surprise history, with a trailing four-quarter beat of 12.1%.
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
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »