For Immediate Release
Chicago, IL – February 11, 2020 – Stocks in this week’s article are Atlas Air Worldwide Holdings
AAWW, AmerisourceBergen Corp. ( ABC Quick Quote ABC - Free Report) , Murphy USA MUSA, Sally Beauty Holdings SBH and Adient PLC ADNT. 5 Stocks that Look Appealing Post-Broker Rating Upgrades
The Q4 earnings season, which is in its last leg, has painted an impressive picture with a large proportion of companies reporting better-than-expected earnings per share. According to our latest
earnings outlook, of the 323 S&P 500 companies to have reported, 72.1% have outperformed on the bottom-line front. What is more encouraging is that the bullish run is likely to continue.
The reassuring earnings picture has come as a relief for investors who have been on the edge due to coronavirus fears. Amid coronavirus-related fears, the high proportion of earnings outperformances looks encouraging, as an earnings beat by a company generally leads to an appreciation in its stock price. Given this backdrop, investors would like to have outperformers in their respective portfolios as they strive for healthy returns.
However, the task is difficult with a deluge of companies in the market. Moreover, the complexities associated with the stock market makes it even more difficult for individual investors to select outperformers in their portfolios in the absence of guidance from “experts” in the field. These “experts” are brokers who are equipped with detailed knowledge about the space.
Brokers, irrespective of their types (sell-side, buy-side or independent), have a lot more information on a company, at their disposal, and its prospects than individual investors. To attain their objectives, they go through minute details of the publicly-available financial documents apart from attending company conference calls and other presentations.
Estimate revisions by brokers serve as important pointers regarding the price of a stock. In fact, a rating upgrade generally leads to stock-price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/758379/5-stocks-that-look-appealing-post-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
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