5 Best Stocks With Upgraded Broker Ratings To Bet On Now

In a bullish market, a basic fundamental analysis of companies is not sufficient to choose stocks with a potential to generate solid returns. In such a situation, expert advice aids the selection of the right stocks.

One can simply follow broker rating upgrades, as they have a deeper insight into stocks, the sectors and the overall economy. Brokers directly communicate with top management. They also comprehensively study the publicly available documents and attend conference calls.

Moreover, 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.

But solely depending on broker upgrades is not advisable. You must take into consideration a few other factors before adding a stock to your investment portfolio. This way you can ensure steady returns.

Choosing the Winning Strategy

We have a screening strategy that will help in your search for potential winners:

Broker Rating Upgrades (4 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 the complete list of today’s Zacks #1 Rank stocks here.

VGM Score equal to A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.

Here are five of the 17 stocks that made it through the screen:

Headquartered in Coral Gables, FL, MasTec, Inc. (NYSE:MTZ) provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure. The company’s earnings are expected to grow 47.7% in the current year. The stock has witnessed 10% upward revision in broker ratings over the past four weeks.

California Resources Corporation (NYSE:CRC) , headquartered in Los Angeles, CA, is an oil and natural gas exploration and production company. Its current year earnings are expected to grow 39.9%. The stock has witnessed 20% upward revision in broker ratings over the past four weeks.

Reston, VA-based Leidos Holdings, Inc. (NYSE:LDOS) offers technology and engineering solutions in the defense, intelligence, homeland security, civil, and health markets. The company’s earnings are expected to grow 4.9% this year. The stock has witnessed 12.5% upward revision in broker ratings over the past four weeks.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) , based in McLean, VA, provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions. The company’s current-year earnings are expected to grow at the rate of 9.8%. The stock has witnessed 10% upward revision in broker ratings over the past four weeks.

Based in Waltham, MA, Care.com, Inc. (NYSE:CRC) operates an online marketplace for finding and managing family care. The company’s earnings are expected to grow 181.1% in the current year. The stock has witnessed 14.3% upward revision in broker ratings over the past four weeks.

Get the remaining 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 back testing 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.

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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.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance

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Leidos Holdings, Inc. (LDOS): Free Stock Analysis Report

MasTec, Inc. (MTZ): Free Stock Analysis Report

California Resources Corporation (CRC): Free Stock Analysis Report

Booz Allen Hamilton Holding Corporation (BAH): Free Stock Analysis Report

Care.com, Inc. (CRCM): Free Stock Analysis Report

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Zacks Investment Research