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Zacks.com featured highlights include: Builders FirstSource, Sonic Automotive, Clearwater Paper, Delek US and Boise Cascade
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For Immediate Release
Chicago, IL – November 21, 2019 - Stocks in this week’s article are Builders FirstSource (BLDR - Free Report) , Sonic Automotive (SAH - Free Report) , Clearwater Paper Corp. (CLW - Free Report) , Delek US Holdings (DK - Free Report) and Boise Cascade Company (BCC - Free Report) .
5 Attractive Stocks Post Recent Broker Rating Upgrades
The third-quarter earnings season, which is in its last leg, has so far been impressive with many companies reporting better-than-expected earnings per share. The latest Earnings Preview showed that more than 92% of the S&P 500 companies posted respective financial numbers with 72.7% beating on the bottom line.
Generally, a company’s earnings beat leads to share price appreciation. Given this highly bullish backdrop, investors would like to add some outperformers to their respective portfolios for healthy returns.
However, this task seems daunting with a plethora of companies crowding the market. Moreover, the complexities associated with the stock market make it even more difficult for individual investors to pick profitable stocks for their portfolios in absence of proper guidance.
Pay Attention to Broker Advice
The requisite guidance to design a winning portfolio comes from brokers. The opinion of brokers is highly sought after by investors as they have a clear insight into the complications of the investment world. Consequently, it makes sense for individual investors to be guided by broker advice in order to design a promising portfolio as investors generally do not have access to such detailed and well-researched information.
Brokers revise their earnings estimates after carefully examining the pros and cons of an event for the concerned stock. Naturally, their stock-related actions (upgrade or downgrade) serve as an invaluable guide as far as fixing the target stock (s) price is concerned.
Estimates can move north for a number of reasons, such as favorable earnings performance, a bullish outlook, product launch or any positive macro scenario. Similarly, lackluster earnings often cause stock price depreciation. Investors tend to be led by the direction of estimate revisions and stock price while formulating their investment strategy.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
What About Revenues?
While we have talked about the bottom line in detail, the top line (revenue portion) cannot be ignored. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. Therefore, we have included in our screen the price/sales ratio that serves as a strong complementary valuation metric.
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
Zacks.com 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
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include: Builders FirstSource, Sonic Automotive, Clearwater Paper, Delek US and Boise Cascade
For Immediate Release
Chicago, IL – November 21, 2019 - Stocks in this week’s article are Builders FirstSource (BLDR - Free Report) , Sonic Automotive (SAH - Free Report) , Clearwater Paper Corp. (CLW - Free Report) , Delek US Holdings (DK - Free Report) and Boise Cascade Company (BCC - Free Report) .
5 Attractive Stocks Post Recent Broker Rating Upgrades
The third-quarter earnings season, which is in its last leg, has so far been impressive with many companies reporting better-than-expected earnings per share. The latest Earnings Preview showed that more than 92% of the S&P 500 companies posted respective financial numbers with 72.7% beating on the bottom line.
Generally, a company’s earnings beat leads to share price appreciation. Given this highly bullish backdrop, investors would like to add some outperformers to their respective portfolios for healthy returns.
However, this task seems daunting with a plethora of companies crowding the market. Moreover, the complexities associated with the stock market make it even more difficult for individual investors to pick profitable stocks for their portfolios in absence of proper guidance.
Pay Attention to Broker Advice
The requisite guidance to design a winning portfolio comes from brokers. The opinion of brokers is highly sought after by investors as they have a clear insight into the complications of the investment world. Consequently, it makes sense for individual investors to be guided by broker advice in order to design a promising portfolio as investors generally do not have access to such detailed and well-researched information.
Brokers revise their earnings estimates after carefully examining the pros and cons of an event for the concerned stock. Naturally, their stock-related actions (upgrade or downgrade) serve as an invaluable guide as far as fixing the target stock (s) price is concerned.
Estimates can move north for a number of reasons, such as favorable earnings performance, a bullish outlook, product launch or any positive macro scenario. Similarly, lackluster earnings often cause stock price depreciation. Investors tend to be led by the direction of estimate revisions and stock price while formulating their investment strategy.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
What About Revenues?
While we have talked about the bottom line in detail, the top line (revenue portion) cannot be ignored. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. Therefore, we have included in our screen the price/sales ratio that serves as a strong complementary valuation metric.
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/628871/5-attractive-stocks-post-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.
About Screen of the Week
Zacks.com 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
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: www.Zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.