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5 Broker-Friendly Stocks to Brave Coronavirus-Led Market Jitters
The recent spike in coronavirus cases in some parts of the United States following reopening of the economy has made investors nervy once again. Notably, on Jun 26, the country recorded the highest single-day increase in coronavirus cases since its outbreak in mid-April. The nation recorded 45,255 new cases, surpassing the 39,972 mark just the day before. The previous maximum number of new cases on a daily basis was recorded as 36,291 on Apr 24.
The surge in new cases put a damper on the astonishing market rally post the re-opening. Such wild swings in the market are enough to send even the steadiest investors into a tizzy.
Expert Advice: A Boon in Bleak Scenario
It is a well-known fact that investors, irrespective of the surrounding conditions, strive to design a winning portfolio of stocks. They, after all, are putting their hard-earned money on stocks. However, against the above backdrop, the task of building a portfolio of stocks for handsome returns is daunting.
One of the tried and tested strategies is to maintain a well-diversified portfolio (i.e. including stocks from different industries) so that one rakes in solid moolah at all times. However, it is easier said than done. With multiple stocks flooding the market at any point of time, it is next to impossible to design one’s portfolio with appropriate stocks in absence of guidance from people equipped with proper knowhow about the market.
Additionally, with time being precious these days, it is difficult for investors to go through an extensive process of stock picking. Given this scenario, it is in their best interest to seek guidance from “experts in the field."
Who Are the Experts & Why?
The “experts” in the field of investment are brokers who are armed with sound knowledge on the space. Brokers, irrespective of their types (sell-side, buy-side or independent), possess a lot more profound information on a company and its prospects than an individual investor.
To this end, the investment exponents study all the financial documents available in the public domain in minute detail apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Making the Most of Broker Opinions
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 last 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.
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 >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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 http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
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Zacks.com featured highlights include: Diebold Nixdorf, Genesco, AutoNation, Conn's and Builders FirstSource
For Immediate Release
Chicago, IL – July 1, 2020 – Stocks in this week’s article are Diebold Nixdorf (DBD - Free Report) , Genesco (GCO - Free Report) , AutoNation (AN - Free Report) , Conn's (CONN - Free Report) and Builders FirstSource (BLDR - Free Report) .
5 Broker-Friendly Stocks to Brave Coronavirus-Led Market Jitters
The recent spike in coronavirus cases in some parts of the United States following reopening of the economy has made investors nervy once again. Notably, on Jun 26, the country recorded the highest single-day increase in coronavirus cases since its outbreak in mid-April. The nation recorded 45,255 new cases, surpassing the 39,972 mark just the day before. The previous maximum number of new cases on a daily basis was recorded as 36,291 on Apr 24.
The surge in new cases put a damper on the astonishing market rally post the re-opening. Such wild swings in the market are enough to send even the steadiest investors into a tizzy.
Expert Advice: A Boon in Bleak Scenario
It is a well-known fact that investors, irrespective of the surrounding conditions, strive to design a winning portfolio of stocks. They, after all, are putting their hard-earned money on stocks. However, against the above backdrop, the task of building a portfolio of stocks for handsome returns is daunting.
One of the tried and tested strategies is to maintain a well-diversified portfolio (i.e. including stocks from different industries) so that one rakes in solid moolah at all times. However, it is easier said than done. With multiple stocks flooding the market at any point of time, it is next to impossible to design one’s portfolio with appropriate stocks in absence of guidance from people equipped with proper knowhow about the market.
Additionally, with time being precious these days, it is difficult for investors to go through an extensive process of stock picking. Given this scenario, it is in their best interest to seek guidance from “experts in the field."
Who Are the Experts & Why?
The “experts” in the field of investment are brokers who are armed with sound knowledge on the space. Brokers, irrespective of their types (sell-side, buy-side or independent), possess a lot more profound information on a company and its prospects than an individual investor.
To this end, the investment exponents study all the financial documents available in the public domain in minute detail apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.
Making the Most of Broker Opinions
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 last 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/995360/5-brokerfriendly-stocks-to-brave-coronavirusled-market-jitters
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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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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 http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.