Buy These 4 Top-Ranked Stocks With Upgraded Broker Ratings
It is always advisable to follow broker rating upgrades for finding profitable stocks. So, we pick Tri Pointe Homes (TPH), Comstock Resources (CRK), Coterra Energy (CTRA), and GasLog Partners (GLOP)...
Market sentiments have been fairly positive in the past several days amid solid third-quarter results. While it indicates that fresh investments could be profitable, you could end up buying overvalued stocks.
Wondering how to pick the right stocks? One way is to follow rating upgrades by brokers.
As brokers directly communicate with the top management, they have an in-depth idea about what’s happening in a particular company. They also diligently go through the company’s publicly available documents and even attend conference calls.
Further, brokers have a thorough understanding of the overall sector and industry. They place the company fundamentals against the current economic backdrop to figure out how the stock will fare as an investment.
Therefore, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure stable returns.
Choosing the Winning Strategy
We have a screening strategy that will help you in your search for potential winners:
Broker Rating Upgrades (four 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 of 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 the four stocks that qualified the screening:
Tri Pointe Homes, Inc. TPH is engaged in the design, construction, and sale of single-family attached and detached homes. The Irvine, CA-based company’s earnings for 2021 are projected to jump 80.2%. The stock, currently sporting a Zacks Rank #1, has witnessed a 20% upward revision in broker ratings over the past four weeks.
Headquartered in Frisco, TX, Comstock Resources, Inc. CRK is engaged in the acquisition, exploration for, development, and production of oil and natural gas. The company’s earnings are projected to surge 456.5% for 2021. The stock, sporting a Zacks Rank #1 at present, has witnessed a 12.5% upward revision in broker ratings over the past four weeks.
Coterra Energy Inc. CTRA, based in Houston, TX, explores for, exploits, develops, produces, and markets oil and gas properties. The company’s 2021 earnings are expected to soar 1120.4%. The stock, which currently sports a Zacks Rank #1, has witnessed a 12.5% upward revision in broker ratings over the past four weeks.
Based in Greece, GasLog Partners LP GLOP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. Its earnings for 2021 are projected to rise at a rate of 14%. The stock, which at present carries a Zacks Rank #2, has witnessed a 33.3% upward revision in broker ratings over the past four weeks.
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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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Comstock Resources, Inc. (CRK): Free Stock Analysis Report
Tri Pointe Homes Inc. (TPH): Free Stock Analysis Report
GasLog Partners LP (GLOP): Free Stock Analysis Report
Coterra Energy Inc. (CTRA): Free Stock Analysis Report
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