For Immediate Release
Chicago, IL – November 15, 2018 - Stocks in this week’s article are ArcBest Corp. (ARCB - Free Report) , Molina Healthcare, Inc. (MOH - Free Report) , Avis Budget Group, Inc. (CAR - Free Report) , Cincinnati Bell Inc. (CBB - Free Report) and AMC Entertainment Holdings, Inc. (AMC - Free Report) .
5 Stocks to Watch on Recent Broker Rating Upgrades
One often falters in life due to lack of proper guidance. This is true for the investing world as well. With a deluge of stocks flooding the market at any point of time, an investor may make a wrong choice while designing a portfolio in the absence of proper know-how.
Moreover, time constraint makes the task even harder. Choice of improper stocks can adversely impact returns, thereby ruining the objective of investing hard-earned money in the highly unpredictable stock market.
Broker Advice – The Savior
To avoid such an unfortunate scenario, investors, more often than not rely on guidance provided by brokers who are deemed to be experts in the field.
Of the three types of brokers/analysts (sell-side, buy-side and independent) present in the investment world, sell-side analysts are most common. Various brokerage firms employ them to provide unbiased opinion to investors after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors. Brokers not only scrutinize the publicly available financial documents but also attend company conference calls and other presentations.
Given the above scenario, it is in the best interest of investors to pay heed to such well-researched information. Estimate revisions serve as an important pointer regarding the price of a stock.
Framing a Winning Strategy
We have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions to 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 has also been included. The price/sales ratio takes care of the company’s top line thereby making the strategy foolproof.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/337436/5-stocks-to-watch-out-for-on-recent-broker-rating-upgrades
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.
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Strong Stocks that Should Be in the News
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