If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Agilent Technologies (A)
Palo Alto, CA-based Agilent Technologies, Inc. was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets.
Since being added to the Zacks Focus List on July 11, 2017 at $59.86 per share, shares of A have increased 122.45% to $133.16.
Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.17 to $5.07. An also boasts an average earnings surprise of 5.1%.
Moreover, analysts are expecting Agilent Technologies' earnings to grow 16.8% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like A, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Agilent Technologies, Inc. (A) : Free Stock Analysis Report
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