5 Best Stocks With Upgraded Broker Ratings Worth Buying Now
Zacks Investment Research | Nov 09, 2016 09:10PM ET
A number of fundamental and technical aspects are involved in identifying stocks with robust growth potential. It’s not an easy task for individual investors to select stocks on their own. Therefore, guidance from the experts is crucial.
By following broker rating upgrades, an investor can easily find attractive stocks. Brokers have in depth idea about what’s happening in a particular company, as they directly communicate with the top management. Also, they exhaustively go through the company’s publicly available documents and attend conference calls.
In addition, brokers have a thorough understanding of the overall industry. They place the company fundamentals against the current economic backdrop to figure out how the stock will fare as an investment.
Therefore, when a broker upgrades a stock, you can rely on their judgment. Nonetheless, depending only on broker upgrades is not a great idea to build your investment portfolio. You should also take into account some other factors to ensure steady returns.
The Winning Strategy
The following screen will help you in your search for potential winners:
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker rating upgrades over the last four weeks.
Current Price greater than 15: The stocks must be trading above $15.
Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.
Zacks Rank equal to #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven record of success. You can see Zacks Investment Research
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