For Immediate Release
Chicago, IL â May 13, 2019 - Stocks in this weekâs article are Avis Budget Group CAR, California Resources Corp. CRC, Brinker International EAT, Endologix ELGX and Brookdale Senior Living BKD.
5 Broker-Friendly Stocks to Combat Market Jitters
Markets have been rattled by escalating trade war tensions between the worldâs two biggest economies â United States and China. The uncertainty is further highlighted by the fact that the Cboe Volatility Index (VIX), referred to as Wall Streetâs fear gauge, is moving up and is on track for its biggest monthly gain.
Trade wars are certainly not good for the economy and squeeze corporate profit margins. This ongoing trade tension is weighing on investorsâ risk appetite. Apart from trade war related tensions, modest results in the first-quarter earnings season also do not bode well for investors.
Broker Advice â The Way Forward in this Scenario
In view of the prevalent uncertainty, the task of building a portfolio of stocks for handsome returns is by no means an easy task. Furthermore, with a huge number of stocks present in the market at any point of time, spotting potential outperformers is tough for individual investors. In the absence of proper guidance, identifying a winning stock is akin to searching for âa needle in a haystackâ.
Given this backdrop, it is in the best interest of investors to seek guidance from âexperts in the field." The concerned experts are brokers. Brokers have a deeper insight into whatâs happening in a particular company along with better understanding of the overall sector and the industry.
To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Since brokers arrive at their recommendation (buy, sell or hold) on a stock after thoroughly analyzing the nitty-gritties associated with the company, it is natural for investors to be guided by the direction of estimate revisions while deciding their course of action on a particular stock.
Estimate revisions serve as an important pointer regarding the price of a stock. In fact, a rating upgrade generally leads to stock price appreciation. Similarly, the price of a stock may plummet following a rating downgrade.
Estimates can move north for a number of reasons â favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario. To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/412443/5-brokerfriendly-stocks-to-combat-market-jitters
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.
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report
Avis Budget Group, Inc.
(CAR) : Free Stock Analysis Report
Brookdale Senior Living
Inc. (BKD) : Free Stock Analysis Report
Endologix, Inc. (ELGX) :
Free Stock Analysis Report
California Resources
Corporation (CRC) : Free Stock Analysis Report
Brinker International, Inc.
(EAT) : Free Stock Analysis Report
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