For Immediate Release
Chicago, IL – April 15, 2020 – Stocks in this week’s article are Cardinal Health CAH, AmerisourceBergen Corp. ABC, Atlas Air Worldwide Holdings AAWW, Allegheny Technologies ATI and CVS Health Corp. CVS.
5 Broker-Friendly Stocks Amid Coronavirus-Led Pandemonium
The coronavirus pandemic, apart from claiming multiple lives and infecting scores globally, dented equity markets keeping investors on the edge. However, irrespective of the surroundings, the sole focus of investors while designing their portfolio lies on generating handsome returns.
With a plethora of stocks flooding the market at any point of time, it is highly possible for an investor to make a wrong choice while building the portfolio. Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in a highly unpredictable stock market. To avoid such scenario and prevent the invested money from going down the drain, it is in the best interest of investors to be guided by a panel of “experts” in this field.
The “experts” are brokers who are well-equipped with thorough knowledge on the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more data on a specific company and its potential than an individual investor.
Such investment specialists take conference calls, drop in at company demonstrations and also communicate with management. Moreover, they revise their earnings estimates for a particular stock after carefully examining the pros and cons of an event. Naturally, their stock-related actions (upgrade or downgrade) serve as an invaluable precedent as far as fixing the target price of stock (s) is concerned.
Making the Most of Broker Opinions
The above write-up clearly suggests that by following broker moves judiciously, 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 to earnings estimates over the last four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is included as one of the parameters to determine a best bet. The price/sales ratio takes care of the company’s top line, making the strategy foolproof.
For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/870399/5-brokerfriendly-stocks-amid-coronavirusled-pandemonium
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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