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Zacks.com featured highlights include Republic Services, Itron and Owens Corning
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For Immediate Release
Chicago, IL – July 17, 2024 – Stocks in this week’s article are Republic Services, Inc. (RSG - Free Report) , Itron, Inc. (ITRI - Free Report) and Owens Corning (OC - Free Report) .
Bet on These 3 Stocks with Upgraded Broker Ratings Right Now
Given the current robust market performance, it is difficult for retail investors to choose stocks independently and generate solid returns. For this, one has to understand the fundamentals of the company and try to place them against the current economic background to figure out how the stock may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. Stocks like Republic Services, Inc., Itron, Inc. and Owens Corning are worth considering.
As brokers directly communicate with top management, they have more insight into what is happening in a particular company. They assess a company’s publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the present economic backdrop to determine how a particular stock will fare as an investment.
So, when brokers upgrade a stock, one can easily rely on their judgment. However, solely depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are three of the six stocks that qualified the screening:
Based in Phoenix, AZ, Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. RSG generates revenues mainly from its solid waste collection operations.
Estimates for Republic Services’ 2024 earnings are expected to rise 7.8% year over year. RSG, carrying a Zacks Rank #2, has witnessed a 5.3% upward revision in broker ratings over the past four weeks.
Headquartered in Liberty Lake, WA, Itron is a technology and services company and one of the leading global suppliers of a wide range of standard, advanced and smart meters and meter communication systems. Itron solutions (technology, software, and services) are delivered to users as part of a standalone, one-time purchase or end-to-end solution over multiple years.
Itron’s 2024 earnings are projected to grow at the rate of 21.4% on a year-over-year basis. ITRI, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.
Owens Corning, based in Toledo, OH, is a world leader in building materials systems and composite solutions. Since its inception in 1938, OC has evolved as a market-leading innovator of glass fiber technology.
Owens Corning’s 2024 earnings are expected to rise 7.4%. OC, carrying a Zacks Rank #2 at present, has witnessed a 7.1% upward revision in broker ratings in the past four weeks.
Get the remaining stock on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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.
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 include Republic Services, Itron and Owens Corning
For Immediate Release
Chicago, IL – July 17, 2024 – Stocks in this week’s article are Republic Services, Inc. (RSG - Free Report) , Itron, Inc. (ITRI - Free Report) and Owens Corning (OC - Free Report) .
Bet on These 3 Stocks with Upgraded Broker Ratings Right Now
Given the current robust market performance, it is difficult for retail investors to choose stocks independently and generate solid returns. For this, one has to understand the fundamentals of the company and try to place them against the current economic background to figure out how the stock may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. Stocks like Republic Services, Inc., Itron, Inc. and Owens Corning are worth considering.
As brokers directly communicate with top management, they have more insight into what is happening in a particular company. They assess a company’s publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the present economic backdrop to determine how a particular stock will fare as an investment.
So, when brokers upgrade a stock, one can easily rely on their judgment. However, solely depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are three of the six stocks that qualified the screening:
Based in Phoenix, AZ, Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. RSG generates revenues mainly from its solid waste collection operations.
Estimates for Republic Services’ 2024 earnings are expected to rise 7.8% year over year. RSG, carrying a Zacks Rank #2, has witnessed a 5.3% upward revision in broker ratings over the past four weeks.
Headquartered in Liberty Lake, WA, Itron is a technology and services company and one of the leading global suppliers of a wide range of standard, advanced and smart meters and meter communication systems. Itron solutions (technology, software, and services) are delivered to users as part of a standalone, one-time purchase or end-to-end solution over multiple years.
Itron’s 2024 earnings are projected to grow at the rate of 21.4% on a year-over-year basis. ITRI, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.
Owens Corning, based in Toledo, OH, is a world leader in building materials systems and composite solutions. Since its inception in 1938, OC has evolved as a market-leading innovator of glass fiber technology.
Owens Corning’s 2024 earnings are expected to rise 7.4%. OC, carrying a Zacks Rank #2 at present, has witnessed a 7.1% upward revision in broker ratings in the past four weeks.
Get the remaining stock on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.
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 of 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/2302258/bet-on-these-3-stocks-with-upgraded-broker-ratings-right-now
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
Company: Zacks.com
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.