For Immediate Release
Chicago, IL – March 12, 2020 - Stocks in this week’s article are Avis Budget Group (CAR - Free Report) , AmerisourceBergen Corp. (ABC - Free Report) , Archer-Daniels-Midland Co. (ADM - Free Report) , DXC Technology Co. (DXC - Free Report) and Dillard's (DDS - Free Report) .
5 Broker-Friendly Stocks to Fight Coronavirus-Led Market Woes
Markets are in continual distress due to the rapid spread of the dreaded coronavirus (COVID-19). The uncertainty is further highlighted by the fact that the Cboe Volatility Index, referred to as Wall Street’s fear gauge, so far this year is on pace for a 280% jump, way above the 108% surge recorded during the financial crisis of 2008.
Broker Advice: The Way Forward
In view of the prevalent impasse, the task of designing a portfolio of stocks for lucrative returns is invariably daunting. Furthermore, with a plethora of stocks present in the market at any point of time, spotting potential outperformers is tough for individual investors. In absence of a proper guidance, identifying a sturdy stock is akin to searching for ‘a needle in a haystack’.
Given this backdrop, it is in the best interest of investors to seek guidance from “experts in the field." The concerned experts are brokers who have a deeper insight into what’s happening in a particular company along with their better understanding of the overall sector and the industry.
To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations.
Estimate revisions serve as an important pointer 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.
Estimates can move north for a number of reasons like favorable earnings performance, a bullish guidance, product launch or any positive macro scenario. To take care of the earnings results, we designed a screen based on improving analyst recommendation and northward estimate revisions over the last four weeks.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/808154/5-brokerfriendly-stocks-to-fight-coronavirusled-market-woes
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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