For Immediate Release
Chicago, IL – June 1, 2020 – Stocks in this week’s article are Delek US Holdings, Inc. (
DK Quick Quote DK - Free Report) , Clearwater Paper Corp. ( CLW Quick Quote CLW - Free Report) , Arrow Electronics ( ARW Quick Quote ARW - Free Report) , Century Aluminum Co. ( CENX Quick Quote CENX - Free Report) and Asbury Automotive Group ( ABG Quick Quote ABG - Free Report) . 5 Promising Stocks That Brokers Certify Now
Lack of proper guidance often causes one to falter in life. This is true for the investing world as well. With a plethora of stocks always flooding the market, risks abound for investors to make mistakes while designing their portfolio, especially in absence of expert advice.
Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in the highly unpredictable stock market. Although this is a concern at all times, it is even more crucial in the present troubled scenario.
Broker Advice: An Invaluable Guide
The requisite assistance in building a winning portfolio comes from brokers who devote ample time to research stocks under their coverage. Such investment specialists attend conference calls and company presentations as well as interact with management.
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 a valuable pointer as far as fixing the target price of stock(s) is concerned. Given their thorough understanding of the stock market as highlighted in this write-up, it is only prudent for investors to pay heed to broker advice in planning a winning portfolio
Of the three types of brokers (sell-side, buy-side and independent), sell-side analysts are the most common. They are employed by various brokerage firms to provide an unbiased opinion on stocks. Meanwhile, buy-side analysts are employed by hedge funds, mutual funds and others while independent analysts directly sell their reports to investors.
Making the Most of Broker Opinions
The above write-up clearly suggests that by following broker actions, one can arrive at a promising portfolio of stocks. Keeping this in mind, we devised a screen to shortlist stocks based on improving analyst recommendation, upward revisions as well as 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 also included as one of the determining factors. 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/951617/5-promising-stocks-that-brokers-certify-now 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.
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Contact: Jim Giaquinto
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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
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