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Zacks.com featured highlights Genuine Parts, RingCentral, Waters, PBF Energy and Arthur J. Gallagher

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·6 min read
In this article:
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For Immediate Release

Chicago, IL – May 24, 2022 – Stocks in this week’s article are Genuine Parts Company GPC, RingCentral, Inc. RNG, Waters Corp. WAT, PBF Energy Inc. PBF and Arthur J. Gallagher & Co. AJG.

5 Stocks to Bet On Right Now on Upgraded Broker Ratings

Amid the bearish market sentiments, it's difficult for individual investors to select stocks on their own and generate strong returns. Persistent macroeconomic and geopolitical issues remain major near-term concerns. Thus, selecting stocks at present is a daunting task.

How does one choose the right stocks? One way is to follow rating upgrades by brokers. In this regard, stocks like Genuine Parts Company, RingCentral, Inc., Waters Corp., PBF Energy Inc. and Arthur J. Gallagher & Co. are worth investing in.

Brokers have insight into what's happening at a particular company as they directly communicate with management. Also, they have a deeper understanding of the overall industry.

Further, brokers go through a company's publicly available financial statements, listen to conference calls and talk directly with the top brass. At times, they even interact with customers to gauge what they like or dislike about the products and services offered by the company.

Hence, after thorough research, brokers decide to rate a particular company's stock. Naturally, when brokers upgrade a stock, one can easily rely on it.

Yet, solely depending on analysts' upgrades is not the correct way to build your investment portfolio. One should also take into consideration other factors to ensure solid returns.

Here are the five of the 18 stocks that qualified the screening:

Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. Currently, GPC operates through two segments: Automotive Parts and Industrial Parts.

The company's earnings for 2022 are expected to grow 13.6%. Genuine Parts, currently carrying a Zacks Rank #2, has witnessed a 14.3% upward revision in broker ratings over the past four weeks.

Belmont, CA-based RingCentral is a leading provider of Unified Communications as a Service solutions. RNG's cloud-based business communications and collaboration solutions are designed to provide a single user identity across multiple locations and devices.

RingCentral's 2022 earnings are projected to rise 38.1%. The stock, carrying a Zacks Rank #2 at present, has witnessed a 5.6% upward revision in broker ratings over the past four weeks.

Milford, MA-based Waters is an analytical instrument manufacturer and offers practical and sustainable products for laboratory-dependent organizations. WAT provides analytical workflow solutions based on mass spectrometry, liquid chromatography and thermal analysis technologies.

The company's earnings for 2022 are expected to grow 7.6%. Waters, which currently carries a Zacks Rank #2, has witnessed a 10% upward revision in broker ratings over the past four weeks.

PBF Energy, based in Parsippany, NJ, is a leading refiner of crude. Through five oil refineries and associated infrastructure in the United States, PBF provides end products that comprise heating oil, transportation fuels, lubricants and many related products.

PBF Energy's 2022 earnings are projected to surge 330.8%. The stock, sporting a Zacks Rank #1 at present, has witnessed a 10% upward revision in broker ratings over the past four weeks.

Headquartered in Itasca, IL, Arthur J. Gallagher provides insurance brokerage and consulting services and third-party claims settlement and administration services. While AJG boasts the world's largest property/casualty third-party claims administrator, it ranks fourth-largest globally among insurance brokers based on revenues.

The company's earnings for 2022 are expected to jump 42%. Arthur J. Gallagher, currently carrying a Zacks Rank #2, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.

Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1927728/5-stocks-to-bet-on-right-now-on-upgraded-broker-ratings

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

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

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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Genuine Parts Company (GPC) : Free Stock Analysis Report
 
Waters Corporation (WAT) : Free Stock Analysis Report
 
Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report
 
PBF Energy Inc. (PBF) : Free Stock Analysis Report
 
Ringcentral, Inc. (RNG) : Free Stock Analysis Report
 
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