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Zacks.com featured highlights include: Builders FirstSource, CONSOL Energy, Arrow Electronics, Clearwater Paper and AutoNation

Zacks Equity Research

For Immediate Release

Chicago, IL – November 6, 2019 - Stocks in this week’s article are Builders FirstSource BLDR, CONSOL Energy CEIX, Arrow Electronics ARW, Clearwater Paper Corp. CLW and AutoNation AN.

5 Stocks in the Limelight Following Broker Rating Upgrades

The Q3 earnings season has unveiled a rosy picture so far with many companies reporting better-than-expected earnings per share. According to the latest Earnings Preview, more than 71% of S&P 500 companies  reported their financial numbers with 74.5% of them beating estimates on the bottom-line front.

Investors like to add outperformers as they strive to design a portfolio of stocks that will fetch them handsome returns.

However, the task is by no means an easy one This is because the investing world is fraught with uncertainties and stock prices are sensitive to recent developments. The same group of stocks may not work under all circumstances.

For example, airline stocks may benefit from declining oil prices but may fall out of favor in the event of oil prices moving up. One of the well-accepted strategies to brave market uncertainties is to maintain a well-diversified (i.e. include stocks from different industries) portfolio.

Furthermore, with a plethora of stocks available in the market at any point of time, spotting potential outperformers is by no means an easy task for individual investors. In the absence of proper guidance, to identify a winning stock is akin to searching for ‘a needle in a haystack’ for an investor. Additionally, with time at a premium these days, it is next to impossible for investors to go through the extensive process. Given this backdrop, it is in the best interest of investors to seek guidance from “experts in the field”. The concerned experts are brokers.

Why You Should Pay Heed to Broker Advice

The opinion of brokers acts as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock. They have a lot more information on a company and its prospects than individual investors as they not only scrutinize the publicly available financial documents but also attend company conference calls and other presentations.

Given their expertise, it is prudent for investors to pay heed to broker advice while formulating their investment strategy. Of the three types of brokers/analysts (sell-side, buy-side and independent), sell-side analysts are most common. Various brokerage firms employ them to provide unbiased opinion to investors after thorough research. Buy-side analysts are employed by hedge funds, mutual funds etc. while the independent ones simply sell their reports to investors.

Moreover, broker ratings are backed by sound logic. The estimate revisions serve as an important pointer regarding the price of a stock. In fact, a rating upgrade normally leads to stock price appreciation and vice versa.

For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/604584/5-stocks-in-the-limelight-following-broker-rating-upgrades

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

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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/performance for information about the performance numbers displayed in this press release.

 

 

 

                                                                                     


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AutoNation, Inc. (AN) : Free Stock Analysis Report
 
Builders FirstSource, Inc. (BLDR) : Free Stock Analysis Report
 
Arrow Electronics, Inc. (ARW) : Free Stock Analysis Report
 
Clearwater Paper Corporation (CLW) : Free Stock Analysis Report
 
Consol Energy Inc. (CEIX) : Free Stock Analysis Report
 
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