For Immediate Release
Chicago, IL – February 26, 2020 – Stocks in this week’s article are Cardinal Health (CAH - Free Report) , Anixter International (AXE - Free Report) , Abercrombie & Fitch (ANF - Free Report) , Brookdale Senior Living (BKD - Free Report) and Fluor Corp. (FLR - Free Report) .
5 Broker-Friendly Stocks to Ride Out the Coronavirus Scare
Equity markets are persistently rattled by the outbreak of the deadly coronavirus, which has claimed multiple lives so far. What is worse is that the virus, which was hitherto mostly restricted within China, has been spreading its tentacles to other countries like South Korea and Italy. The United States is also not immune to this latest health hazard with new cases being registered recently.
The impact of the coronavirus on markets is feared to be more damaging than the SARS outbreak in March 2003. Due to coronavirus-related woes, many companies issued bearish outlooks for the ongoing quarter or even the full year. In fact, travel-focused stocks are very badly hit. The International Air Transport Association expects airline revenues for 2020 to be hurt in excess of $29 billion due to this adversity.
However, the sole aim of investors while designing their portfolio is to generate handsome returns irrespective of the prevalent situation. They, after all, are putting their hard-earned money in stocks. One of the well-accepted investment strategies is to maintain a diversified portfolio to generate substantial returns irrespective of the market conditions.
Amid the extant confusion, it is almost impossible for individual investors to come up with a winning portfolio of stocks without proper guidance. Therefore, it is in the best interest of investors to seek advice from “experts in the field."
Who Are the Experts & Why?
The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it has been included. The price/sales ratio takes care of the company’s top line, making the strategy effective.
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/782724/5-brokerfriendly-stocks-to-ride-out-the-coronavirus-scare
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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