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4 Stocks with Upgraded Broker Ratings to Consider Right Now
Amid extreme market volatility like now, it's not easy for individual investors to pick stocks independently and generate solid returns. Persistent macroeconomic and geopolitical issues remain major near-term concerns. Hence, selecting stocks can become a daunting task.
How does one choose the right stocks? One way is to follow rating upgrades by brokers. In this regard, stocks like PBF Energy Inc, Genuine Parts Co., RingCentral, Inc., and Waters Corp. are worth considering.
Brokers have insight into what's happening at a particular company as they directly communicate with management. Moreover, they have a deeper understanding of the overall industry and the economy.
Further, brokers go through a company's publicly available financial statements, listen to conference calls and talk directly with the top brass. At times, they even interact with customers to gauge what they like or dislike about the products and services offered by the company.
So, after thorough research, brokers decide to rate a particular company's stock. Naturally, when brokers upgrade a stock, one can easily rely on it. Nonetheless, just depending on brokers' upgrades is not the right way to build your investment portfolio. One should also take into consideration other factors to ensure solid returns.
Here are the four stocks that qualified the screening:
PBF Energy, based in Parsippany, NJ, is a leading refiner of crude. Through five oil refineries and associated infrastructure in the United States, PBF provides end products that comprise heating oil, transportation fuels, lubricants and many related products.
PBF Energy's 2022 earnings are projected to surge 354%. The stock, sporting a Zacks Rank #1 at present, has witnessed a 10% upward revision in broker ratings over the past four weeks.
Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. Currently, GPC operates through two segments: Automotive Parts and Industrial Parts.
The company's earnings for 2022 are expected to grow 13.6%. Genuine Parts, currently carrying a Zacks Rank #2, has witnessed a 14.3% upward revision in broker ratings over the past four weeks.
Belmont, CA-based RingCentral is a leading provider of Unified Communications as a Service solutions. RNG's cloud-based business communications and collaboration solutions are designed to provide a single user identity across multiple locations and devices.
RingCentral's 2022 earnings are projected to rise 38.8%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 5.6% upward revision in broker ratings over the past four weeks.
Milford, MA-based Waters is an analytical instrument manufacturer and offers practical and sustainable products for laboratory-dependent organizations. WAT provides analytical workflow solutions based on mass spectrometry, liquid chromatography and thermal analysis technologies.
The company's earnings for 2022 are expected to grow 7.6%. Waters, which currently carries a Zacks Rank #2, has witnessed a 10% upward revision in broker ratings over the past four weeks.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include PBF Energy, Genuine Parts, RingCentral and Waters
For Immediate Release
Chicago, IL – June 9, 2022 – Stocks in this week’s article are PBF Energy Inc. (PBF - Free Report) , Genuine Parts Co. (GPC - Free Report) , RingCentral, Inc. (RNG - Free Report) and Waters Corp. (WAT - Free Report) .
4 Stocks with Upgraded Broker Ratings to Consider Right Now
Amid extreme market volatility like now, it's not easy for individual investors to pick stocks independently and generate solid returns. Persistent macroeconomic and geopolitical issues remain major near-term concerns. Hence, selecting stocks can become a daunting task.
How does one choose the right stocks? One way is to follow rating upgrades by brokers. In this regard, stocks like PBF Energy Inc, Genuine Parts Co., RingCentral, Inc., and Waters Corp. are worth considering.
Brokers have insight into what's happening at a particular company as they directly communicate with management. Moreover, they have a deeper understanding of the overall industry and the economy.
Further, brokers go through a company's publicly available financial statements, listen to conference calls and talk directly with the top brass. At times, they even interact with customers to gauge what they like or dislike about the products and services offered by the company.
So, after thorough research, brokers decide to rate a particular company's stock. Naturally, when brokers upgrade a stock, one can easily rely on it. Nonetheless, just depending on brokers' upgrades is not the right way to build your investment portfolio. One should also take into consideration other factors to ensure solid returns.
Here are the four stocks that qualified the screening:
PBF Energy, based in Parsippany, NJ, is a leading refiner of crude. Through five oil refineries and associated infrastructure in the United States, PBF provides end products that comprise heating oil, transportation fuels, lubricants and many related products.
PBF Energy's 2022 earnings are projected to surge 354%. The stock, sporting a Zacks Rank #1 at present, has witnessed a 10% upward revision in broker ratings over the past four weeks.
Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. Currently, GPC operates through two segments: Automotive Parts and Industrial Parts.
The company's earnings for 2022 are expected to grow 13.6%. Genuine Parts, currently carrying a Zacks Rank #2, has witnessed a 14.3% upward revision in broker ratings over the past four weeks.
Belmont, CA-based RingCentral is a leading provider of Unified Communications as a Service solutions. RNG's cloud-based business communications and collaboration solutions are designed to provide a single user identity across multiple locations and devices.
RingCentral's 2022 earnings are projected to rise 38.8%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 5.6% upward revision in broker ratings over the past four weeks.
Milford, MA-based Waters is an analytical instrument manufacturer and offers practical and sustainable products for laboratory-dependent organizations. WAT provides analytical workflow solutions based on mass spectrometry, liquid chromatography and thermal analysis technologies.
The company's earnings for 2022 are expected to grow 7.6%. Waters, which currently carries a Zacks Rank #2, has witnessed a 10% upward revision in broker ratings over the past four weeks.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1935921/4-stocks-with-upgraded-broker-ratings-to-consider-right-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. 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.
Contact: Jim Giaquinto
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Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/
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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.