Buy Stocks With Upgraded Broker Ratings Amid Coronavirus Woes
Zacks Investment Research | Mar 24, 2020 10:59PM ET
Amid economic crisis owing to the coronavirus pandemic, markets are extremely volatile these days. It is not an easy task for individual investors to identify stocks with strong prospects. Hence, advice from experts is crucial.
You can simply follow broker rating upgrades. Brokers have a deeper insight into stocks, sectors and the overall economy. Also, they directly communicate with top management, and thoroughly study publicly available documents as well as attend conference calls.
Furthermore, brokers scrutinize the fundamentals of companies and place them against the current economic backdrop to find out how the stocks will fare as an investment option. Hence, by following broker rating upgrades, you can easily find attractive stocks.
Nonetheless, depending only on broker upgrades is not advisable. You must also take into consideration a few other factors before adding a stock to your investment portfolio. In this way, you can ensure solid returns.
Choosing the Winning Strategy
We have a screening strategy that will help you in your search for potential winners:
Broker Rating Upgrades (four weeks) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% or 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 Zacks Investment Research
Get The News You Want
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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