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5 Stocks with Upgraded Broker Rating to Bet on Right Now
Given the current volatile 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 Ingredion Inc., YETI Holdings, Inc., Dutch Bros Inc., Heritage Insurance Holdings, Inc. and Genpact Ltd. 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 five of the nine stocks that qualified the screening:
Based in Westchester, IL, Ingredion manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions. INGR derives these from wet milling and processing corn, and other starch-based materials to a range of industries globally.
Estimates for Ingredion's 2024 earnings are expected to rise 5.6% year over year. INGR, carrying a Zacks Rank #2, has witnessed a 20% upward revision in broker ratings over the past four weeks.
Headquartered in Austin, TX, YETI Holdings designs, retails and distributes products for the outdoor and recreation market under the YETI brand. The company sells its products through independent retailers, and its Website, YETI.com.
YETI Holdings' 2024 earnings are projected to grow at the rate of 16% on a year-over-year basis. The company, carrying a Zacks Rank #2 at present, has witnessed a 5.9% upward revision in broker ratings over the past four weeks.
Dutch Bros, based in Grants Pass, OR, operates and franchises drive-thru shops in the United States. BROS operates through company-operated shops and franchising and other segments
Dutch Bros' 2024 earnings are expected to jump 23%. BROS, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings in the past four weeks.
Headquartered in Tampa, FL, Heritage Insurance provides personal and commercial residential insurance products. HRTG offers these through a network of independent agencies.
Heritage Insurance's 2024 earnings are projected to grow at the rate of 10.3% on a year-over-year basis. HRTG, sporting a Zacks Rank #1 at present, has witnessed a 33.3% upward revision in broker ratings over the past four weeks.
Based in Hamilton, Bermuda, Genpact provides business process outsourcing and information technology services. G operates through three segments: Financial services, Consumer and Healthcare and High Tech and Manufacturing.
Estimates for Genpact's 2024 earnings are expected to rise 2% year over year. G, carrying a Zacks Rank #2, has witnessed an 8.3% upward revision in broker ratings over 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.
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.
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 Ingredion, YETI, Dutch Bros, Heritage Insurance and Genpact
For Immediate Release
Chicago, IL – August 15, 2024 – Stocks in this week’s article are Ingredion Inc. (INGR - Free Report) , YETI Holdings, Inc. (YETI - Free Report) , Dutch Bros Inc. (BROS - Free Report) , Heritage Insurance Holdings, Inc. (HRTG - Free Report) and Genpact Ltd. (G - Free Report) .
5 Stocks with Upgraded Broker Rating to Bet on Right Now
Given the current volatile 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 Ingredion Inc., YETI Holdings, Inc., Dutch Bros Inc., Heritage Insurance Holdings, Inc. and Genpact Ltd. 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 five of the nine stocks that qualified the screening:
Based in Westchester, IL, Ingredion manufactures and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions. INGR derives these from wet milling and processing corn, and other starch-based materials to a range of industries globally.
Estimates for Ingredion's 2024 earnings are expected to rise 5.6% year over year. INGR, carrying a Zacks Rank #2, has witnessed a 20% upward revision in broker ratings over the past four weeks.
Headquartered in Austin, TX, YETI Holdings designs, retails and distributes products for the outdoor and recreation market under the YETI brand. The company sells its products through independent retailers, and its Website, YETI.com.
YETI Holdings' 2024 earnings are projected to grow at the rate of 16% on a year-over-year basis. The company, carrying a Zacks Rank #2 at present, has witnessed a 5.9% upward revision in broker ratings over the past four weeks.
Dutch Bros, based in Grants Pass, OR, operates and franchises drive-thru shops in the United States. BROS operates through company-operated shops and franchising and other segments
Dutch Bros' 2024 earnings are expected to jump 23%. BROS, carrying a Zacks Rank #2 at present, has witnessed an 8.3% upward revision in broker ratings in the past four weeks.
Headquartered in Tampa, FL, Heritage Insurance provides personal and commercial residential insurance products. HRTG offers these through a network of independent agencies.
Heritage Insurance's 2024 earnings are projected to grow at the rate of 10.3% on a year-over-year basis. HRTG, sporting a Zacks Rank #1 at present, has witnessed a 33.3% upward revision in broker ratings over the past four weeks.
Based in Hamilton, Bermuda, Genpact provides business process outsourcing and information technology services. G operates through three segments: Financial services, Consumer and Healthcare and High Tech and Manufacturing.
Estimates for Genpact's 2024 earnings are expected to rise 2% year over year. G, carrying a Zacks Rank #2, has witnessed an 8.3% upward revision in broker ratings over 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/2321869/5-stocks-with-upgraded-broker-ratings-to-bet-on-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 >>.
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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/performancefor information about the performance numbers displayed in this press release.