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Upgraded Broker Ratings Make These 5 Stocks Worth Investing
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With the third-quarter earnings season continuing in full swing, investors are keeping an eye on the financial performance of companies. But betting on stocks just based on their quarterly performances is not the correct long-term investment strategy.
Several technical and fundamental aspects need to be taken into consideration while choosing stocks with steady performance. Therefore, some expert advice comes in handy while selecting such stocks.
One can easily pick attractive stocks by following broker upgrades. They have deeper understanding of what’s happening in a particular company. Also, they comprehensively analyze the strengths and weaknesses of a company and consider them against the present economic backdrop to figure out how the stock will fare as an investment.
Also, brokers directly communicate with top management, attend conference calls and go through the company’s publicly available financial documents. They even talk to customers to understand their likes/dislikes for the products and services offered by the company.
So, when a broker upgrades a stock, one can definitely rely on it. But merely depending on it is not wise. One must take into consideration several other factors to ensure strong returns.
Selecting the Winning Strategy
We have a screening strategy that will help in your search for potential winners:
Broker Rating Upgrades (4 weeks) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% more over the last four weeks.
Current Price greater than 5: The stocks must be trading above $5.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1 or #2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or #2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score equal to A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Here are five of the seven stocks that made it through the screen:
Headquartered in New York, Bristol-Myers Squibb Company (BMY - Free Report) discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products. The company’s earnings are expected to grow 5.7% in the current year. The stock has witnessed 6.7% upward revision in broker ratings over the past four weeks.
Quintiles IMS Holdings, Inc. , headquartered in Durham, NC, provides integrated information and technology-enabled healthcare services. The company’s current year earnings are expected to grow 18%. The stock has witnessed 5.9% upward revision in broker ratings over the past four weeks.
Santa Clara, CA-based Intel Corporation (INTC - Free Report) designs, manufactures, and sells computer, networking, and communications platforms. The company’s earnings are expected to grow 17.9% this year. The stock has witnessed 4.4% upward revision in broker ratings over the past four weeks.
CoreSite Realty Corporation (COR - Free Report) , based in Denver, CO, is engaged in the ownership, acquisition, construction, and management of data centers. The company’s current year earnings are expected to grow at the rate of 191.2%. The stock has witnessed 7.7% upward revision in broker ratings over the past four weeks.
Headquartered in Charlotte, NC, Curtiss-Wright Corporation (CW - Free Report) designs, manufactures, overhauls precision components, and engineered products and services. The company’s earnings are expected to grow 13% in the current year. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
Get the remaining stocks 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 back testing 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.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
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Upgraded Broker Ratings Make These 5 Stocks Worth Investing
With the third-quarter earnings season continuing in full swing, investors are keeping an eye on the financial performance of companies. But betting on stocks just based on their quarterly performances is not the correct long-term investment strategy.
Several technical and fundamental aspects need to be taken into consideration while choosing stocks with steady performance. Therefore, some expert advice comes in handy while selecting such stocks.
One can easily pick attractive stocks by following broker upgrades. They have deeper understanding of what’s happening in a particular company. Also, they comprehensively analyze the strengths and weaknesses of a company and consider them against the present economic backdrop to figure out how the stock will fare as an investment.
Also, brokers directly communicate with top management, attend conference calls and go through the company’s publicly available financial documents. They even talk to customers to understand their likes/dislikes for the products and services offered by the company.
So, when a broker upgrades a stock, one can definitely rely on it. But merely depending on it is not wise. One must take into consideration several other factors to ensure strong returns.
Selecting the Winning Strategy
We have a screening strategy that will help in your search for potential winners:
Broker Rating Upgrades (4 weeks) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% more over the last four weeks.
Current Price greater than 5: The stocks must be trading above $5.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1 or #2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or #2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.
VGM Score equal to A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Here are five of the seven stocks that made it through the screen:
Headquartered in New York, Bristol-Myers Squibb Company (BMY - Free Report) discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products. The company’s earnings are expected to grow 5.7% in the current year. The stock has witnessed 6.7% upward revision in broker ratings over the past four weeks.
Quintiles IMS Holdings, Inc. , headquartered in Durham, NC, provides integrated information and technology-enabled healthcare services. The company’s current year earnings are expected to grow 18%. The stock has witnessed 5.9% upward revision in broker ratings over the past four weeks.
Santa Clara, CA-based Intel Corporation (INTC - Free Report) designs, manufactures, and sells computer, networking, and communications platforms. The company’s earnings are expected to grow 17.9% this year. The stock has witnessed 4.4% upward revision in broker ratings over the past four weeks.
CoreSite Realty Corporation (COR - Free Report) , based in Denver, CO, is engaged in the ownership, acquisition, construction, and management of data centers. The company’s current year earnings are expected to grow at the rate of 191.2%. The stock has witnessed 7.7% upward revision in broker ratings over the past four weeks.
Headquartered in Charlotte, NC, Curtiss-Wright Corporation (CW - Free Report) designs, manufactures, overhauls precision components, and engineered products and services. The company’s earnings are expected to grow 13% in the current year. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.
Get the remaining stocks 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 back testing 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 to the Research Wizard today.
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.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »