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3 Stocks With Upgraded Broker Ratings Worth Betting on Now
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Choosing stocks from the vast investment universe is not an easy task. For this, one needs to understand the fundamentals of every company and try to place them against the present economic background to figure out how it fares as an investment.
One way to carry out this task is to follow broker recommendation. Brokers have insight into what’s happening at a particular company as they directly communicate with management. Further, they have a deeper insight of the overall industry and the economy.
Brokers go through a company’s publicly available financial statements, listen to conference calls and engage in talks directly with the top brass. At times, they even talk to customers to gauge what they like or dislike about the products and services offered by the company.
Hence, after thorough research, brokers decide to rate a particular company’s stock. Naturally, when a broker upgrades a stock, one can easily rely on it.
But merely depending on broker upgrades is not the correct way to build investment portfolio. One should also take into consideration other factors to ensure solid 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 be trading 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: No matter whether market conditions are good or bad, 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 Scoreof 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 stocks that qualified the screening:
La-Z-Boy Incorporated (LZB - Free Report) , based in Monroe, MI, manufactures, markets, imports, exports, distributes and retails upholstery furniture products, accessories and casegoods furniture products. Its earnings are expected to grow 7.9% in fiscal 2020. The stock, sporting a Zacks Rank #1, has witnessed 25% upward revision in broker ratings over the past four weeks.
Based in Henderson, NV, PaySign, Inc. (PAYS - Free Report) provides prepaid card programs and processing services. Its earnings are expected to surge 222.2% in 2019. The stock, carrying a Zacks Rank #2, has witnessed 10% upward revision in broker ratings over the past four weeks.
Target Corporation (TGT - Free Report) , headquartered in Minneapolis, MN, operates as a general merchandise retailer. Its earnings are expected to rise 13.7% in fiscal 2020. The stock, carrying a Zacks Rank #2, has witnessed 10.5% upward revision in broker ratings over the past four weeks.
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.
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3 Stocks With Upgraded Broker Ratings Worth Betting on Now
Choosing stocks from the vast investment universe is not an easy task. For this, one needs to understand the fundamentals of every company and try to place them against the present economic background to figure out how it fares as an investment.
One way to carry out this task is to follow broker recommendation. Brokers have insight into what’s happening at a particular company as they directly communicate with management. Further, they have a deeper insight of the overall industry and the economy.
Brokers go through a company’s publicly available financial statements, listen to conference calls and engage in talks directly with the top brass. At times, they even talk to customers to gauge what they like or dislike about the products and services offered by the company.
Hence, after thorough research, brokers decide to rate a particular company’s stock. Naturally, when a broker upgrades a stock, one can easily rely on it.
But merely depending on broker upgrades is not the correct way to build investment portfolio. One should also take into consideration other factors to ensure solid 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 be trading 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: No matter whether market conditions are good or bad, 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 stocks that qualified the screening:
La-Z-Boy Incorporated (LZB - Free Report) , based in Monroe, MI, manufactures, markets, imports, exports, distributes and retails upholstery furniture products, accessories and casegoods furniture products. Its earnings are expected to grow 7.9% in fiscal 2020. The stock, sporting a Zacks Rank #1, has witnessed 25% upward revision in broker ratings over the past four weeks.
Based in Henderson, NV, PaySign, Inc. (PAYS - Free Report) provides prepaid card programs and processing services. Its earnings are expected to surge 222.2% in 2019. The stock, carrying a Zacks Rank #2, has witnessed 10% upward revision in broker ratings over the past four weeks.
Target Corporation (TGT - Free Report) , headquartered in Minneapolis, MN, operates as a general merchandise retailer. Its earnings are expected to rise 13.7% in fiscal 2020. The stock, carrying a Zacks Rank #2, has witnessed 10.5% upward revision in broker ratings over the past four weeks.
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