For Immediate Release
Chicago, IL – May 26, 2017 - Stocks in this week’s article include WellCare Health Plans, Inc. (NYSE: WCG – Free Report ), Aaron's Inc. (NYSE: AAN – Free Report ), FreightCar America, Inc. (NASDAQ: RAIL – Free Report ), Chemours Company (NYSE: CC – Free Report ) and Renewable Energy Group, Inc. (NASDAQ: REGI – Free Report ).
Screen of the Week of Zacks Investment Research:
5 Stocks with Upgraded Broker Ratings to Buy Right Now
Choosing stocks from the vast investment universe is not an easy task. For this, you need to understand the fundamentals of every company and try to place them against the present economic background to figure out how it fares as an investment.
One way to carry out this task is to follow broker recommendation. Brokers have insight into what’s happening at a particular company as they directly communicate with management. Further, they have a deeper understanding of the overall industry.
Precisely, brokers go through a company’s publicly available financial statements, listen to conference calls and engage in talks directly with the top brass. At times, they even talk to customers to gauge what they like or dislike about the products and services offered by the company.
Therefore, after thorough research, brokers decide to rate a particular company’s stock. Naturally, when an analyst upgrades a stock, you can easily rely on it.
Nonetheless, solely depending on analysts’ upgrades is not the correct way to build your investment portfolio. You should also take into consideration other factors to ensure solid returns.
Picking the Winning Strategy
We have a screening strategy that will help in your search for potential winners:
Broker Rating Upgrades (4 weeks): The screen selects stocks that have witnessed broker rating upgrades 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: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong 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: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1 or 2 (Buy) offer the best upside potential.
Here are five of the six stocks that made it through the screen:
Headquartered in Tampa, FL, WellCare Health Plans, Inc. (NYSE:WCG – Free Report ) offers managed care services for government-sponsored health care programs. The company boasts a strong surprise history, with a trailing four-quarter average beat of 59.2%. The stock witnessed 2.9% upward revisions in broker ratings over the past four weeks.
Atlanta, GA based Aaron's Inc. (NYSE: AAN – Free Report ) operates as an omnichannel provider of lease-purchase solutions. Over the trailing four quarters, the company delivered an average positive surprise of 10.6%. The stock witnessed 4.8% upward revision in broker ratings over the past four weeks.
FreightCar America, Inc. (NASDAQ:RAIL – Free Report ), headquartered in Chicago, IL, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products. Over the trailing four quarters, the company delivered an average positive surprise of 50.7%. The stock witnessed 13.3% upward revision in broker ratings over the past four weeks.
Headquartered in Wilmington, DE, The Chemours Company (NYSE:CC – Free Report ) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company boasts a strong surprise history, with a trailing four-quarter average beat of 39.8%. The stock witnessed 10% upward revisions in broker ratings over the past four weeks.
Ames, IA-based Renewable Energy Group, Inc. (NASDAQ: REGI – Free Report ) produces and sells biofuels and renewable chemicals. Over the trailing four quarters, the company delivered an average positive surprise of 13.4%. The stock witnessed 16.7% 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 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.
Click here to sign up for a free trial to the Research Wizard today .
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 .
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don’t wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
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. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .
Get the full Report on WCG - FREE
Get the full Report on AAN - FREE
Get the full Report on RAIL - FREE
Get the full Report on CC - FREE
Get the full Report on REGI - FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook (NASDAQ:FB): https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: https://www.zacks.com/performance
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.
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
Aaron's, Inc. (AAN): Free Stock Analysis Report
Freightcar America, Inc. (RAIL): Free Stock Analysis Report
Chemours Company (The) (CC): Free Stock Analysis Report
Renewable Energy Group, Inc. (REGI): Free Stock Analysis Report
Original post
Zacks Investment Research