For Immediate Release
Chicago, IL – July 28, 2017 – Stocks in this week’s article include Magellan Health, Inc. (NASDAQ: MGLN – Free Report ), Artisan Partners Asset Management Inc. (NYSE: APAM – Free Report ), Live Nation Entertainment, Inc. (NYSE: LYV – Free Report ), Herman Miller, Inc. (NASDAQ: MLHR – Free Report ) and ManpowerGroup Inc. (NYSE: MAN – Free Report ).
5 Stocks with Upgraded Broker Ratings Worth Considering
With the second-quarter reporting cycle in full swing, one should keep an eye on the financial performance of companies. But betting on stocks just based on their quarterly performance is not the correct long-term investment strategy.
Several technical and fundamental aspects must be taken into account while choosing stocks with steady performance. So, advice from an expert comes in handy while selecting such stocks.
One can easily choose attractive stocks by following broker upgrades. Brokers have deeper insight of what’s happening in a particular company. Also, they thoroughly analyze the company fundamentals and place them against the current economic backdrop to figure out how the stock will fare as an investment.
Also, brokers directly communicate with top management, attend conference calls and go through the company’s publicly available financial documents. They even talk to customers to understand their likes/dislikes for the products and services offered by the company.
So, when a broker upgrades a stock, one can definitely rely on it. But merely depending on it is not wise though. One must take into consideration several other factors to ensure strong 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…