Zacks.com featured highlights include: C.H. Robinson Worldwide, ArcBest, Asbury Automotive, CNO Financial and Century Aluminum Company
For Immediate Release
Chicago, IL – November 1, 2021 – Stocks in this week’s article are C.H. Robinson Worldwide, Inc. CHRW, ArcBest Corp. ARCB, Asbury Automotive Group, Inc. ABG, CNO Financial Group, Inc. CNO and Century Aluminum Company CENX.
5 Stocks Worth Betting On, Post-Analyst Upgrade
Irrespective of the surrounding conditions, investors strive to design a portfolio of stocks that will fetch them lucrative returns. As they are shelling out their hard-earned money into the stock market, they will naturally want to include stocks in their portfolios so as to generate handsome returns.
Moreover, with the September-quarter earnings season underway, investors will like to add outperformers to their respective portfolios. However, the task is easier said than done because selecting the right stocks from a universe of stocks flooding the market at any point of time is no mean feat.
In absence of proper guidance, identifying a winning stock is akin to searching ‘a needle in a haystack’ for an investor. Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in the highly unpredictable stock market.
The appropriate guidance in this respect comes from brokers, who are deemed experts, equipped with vast knowledge as far as the field of investing is concerned. They have at their disposal a lot more information on a company and its prospects than an individual investor.
Brokers directly communicate with the top management. They also thoroughly study the publicly-available documents and attend conference calls. Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock.
To take care of the earnings performance, we designed a screen based on improving broker recommendation and upward estimate revisions over the last four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it is also included. The price/sales ratio takes care of the company’s top line, thereby making the strategy foolproof.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1820061/5-stocks-worth-betting-on-post-upgrade-by-analysts
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.
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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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CNO Financial Group, Inc. (CNO) : Free Stock Analysis Report
C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
Century Aluminum Company (CENX) : Free Stock Analysis Report
ArcBest Corporation (ARCB) : Free Stock Analysis Report
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