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Zacks.com featured highlights State Street, Universal Insurance Holdings and Ralph Lauren
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For Immediate Release
Chicago, IL – March 2, 2023 – Stocks in this week’s article are State Street Corp. (STT - Free Report) , Universal Insurance Holdings, Inc. (UVE - Free Report) and Ralph Lauren Corp. (RL - Free Report) .
3 Stocks with Upgraded Broker Ratings to Maximize Returns
As 2023 started on a volatile note, investors are wary about entering the market. The inflation is turning out to be more “sticky” than expected. This has increased the chances that the Federal Reserve will continue raising the interest rates and then keep the rates high till inflation comes down reasonably.
Higher rates will likely lead to a recession/economic slowdown in the latter part of 2023. This has resulted in bearish investor sentiments. Under such a scenario, it is difficult for individual investors to pick stocks independently and generate solid returns.
One way to choose the right stocks in the current situation is to follow rating upgrades by brokers. In this regard, stocks like State Street Corp., Universal Insurance Holdings, Inc. and Ralph Lauren Corp. are worth a look.
As brokers directly communicate with the top management, they have a deeper understanding of what is happening in a particular company. They precisely assess companies’ publicly available documents and even attend conference calls.
Brokers have an extra understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
So, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns.
Here are three of the five stocks that qualified for the screening:
Boston, MA-based State Street is a financial holding company. STT provides a range of products and services for institutional investors worldwide through its subsidiaries.
The company’s earnings for 2023 are expected to increase 16.2%. State Street, currently carrying a Zacks Rank #2, has witnessed a 7.7% upward revision in broker ratings over the past four weeks.
Headquartered in Fort Lauderdale, FL, Universal Insurance operates as an integrated insurance holding company. UVE develops, markets and underwrites insurance products.
Universal Insurance’s 2023 earnings are projected to jump 502.4%. The company, sporting a Zacks Rank #1 at present, has witnessed a 50% upward revision in broker ratings over the past four weeks.
Ralph Lauren, based in New York, is a major designer, marketer and distributor of premium lifestyle products. RL offers products in apparel, footwear, accessories, home furnishings and other licensed product categories.
Ralph Lauren’s fiscal 2024 earnings are projected to rise 14.3%. The company, sporting a Zacks Rank #1 at present, has witnessed a 9.1% 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/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights State Street, Universal Insurance Holdings and Ralph Lauren
For Immediate Release
Chicago, IL – March 2, 2023 – Stocks in this week’s article are State Street Corp. (STT - Free Report) , Universal Insurance Holdings, Inc. (UVE - Free Report) and Ralph Lauren Corp. (RL - Free Report) .
3 Stocks with Upgraded Broker Ratings to Maximize Returns
As 2023 started on a volatile note, investors are wary about entering the market. The inflation is turning out to be more “sticky” than expected. This has increased the chances that the Federal Reserve will continue raising the interest rates and then keep the rates high till inflation comes down reasonably.
Higher rates will likely lead to a recession/economic slowdown in the latter part of 2023. This has resulted in bearish investor sentiments. Under such a scenario, it is difficult for individual investors to pick stocks independently and generate solid returns.
One way to choose the right stocks in the current situation is to follow rating upgrades by brokers. In this regard, stocks like State Street Corp., Universal Insurance Holdings, Inc. and Ralph Lauren Corp. are worth a look.
As brokers directly communicate with the top management, they have a deeper understanding of what is happening in a particular company. They precisely assess companies’ publicly available documents and even attend conference calls.
Brokers have an extra understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
So, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns.
Here are three of the five stocks that qualified for the screening:
Boston, MA-based State Street is a financial holding company. STT provides a range of products and services for institutional investors worldwide through its subsidiaries.
The company’s earnings for 2023 are expected to increase 16.2%. State Street, currently carrying a Zacks Rank #2, has witnessed a 7.7% upward revision in broker ratings over the past four weeks.
Headquartered in Fort Lauderdale, FL, Universal Insurance operates as an integrated insurance holding company. UVE develops, markets and underwrites insurance products.
Universal Insurance’s 2023 earnings are projected to jump 502.4%. The company, sporting a Zacks Rank #1 at present, has witnessed a 50% upward revision in broker ratings over the past four weeks.
Ralph Lauren, based in New York, is a major designer, marketer and distributor of premium lifestyle products. RL offers products in apparel, footwear, accessories, home furnishings and other licensed product categories.
Ralph Lauren’s fiscal 2024 earnings are projected to rise 14.3%. The company, sporting a Zacks Rank #1 at present, has witnessed a 9.1% 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/2060185/3-stocks-with-upgraded-broker-ratings-to-maximize-returns
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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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/performance for information about the performance numbers displayed in this press release.