Singapore markets closed
  • Straits Times Index

    3,236.08
    +10.63 (+0.33%)
     
  • S&P 500

    3,933.92
    -7.34 (-0.19%)
     
  • Dow

    33,597.92
    +1.58 (+0.00%)
     
  • Nasdaq

    10,958.55
    -56.34 (-0.51%)
     
  • BTC-USD

    16,825.73
    +1.81 (+0.01%)
     
  • CMC Crypto 200

    395.14
    -6.89 (-1.71%)
     
  • FTSE 100

    7,491.62
    +2.43 (+0.03%)
     
  • Gold

    1,794.20
    -3.80 (-0.21%)
     
  • Crude Oil

    72.80
    +0.79 (+1.10%)
     
  • 10-Yr Bond

    3.4080
    0.0000 (0.00%)
     
  • Nikkei

    27,574.43
    -111.97 (-0.40%)
     
  • Hang Seng

    19,450.23
    +635.41 (+3.38%)
     
  • FTSE Bursa Malaysia

    1,465.93
    -0.95 (-0.06%)
     
  • Jakarta Composite Index

    6,804.23
    -14.52 (-0.21%)
     
  • PSE Index

    6,525.16
    -149.22 (-2.24%)
     

Zacks.com featured highlights include BJ's Wholesale Club, McKesson and Carpenter Technology

 

For Immediate Release

Chicago, IL – September 14, 2022 – Stocks in this week’s article are BJ's Wholesale Club Holdings, Inc. BJ, McKesson Corp. MCK and Carpenter Technology Corp. CRS.

3 Stocks with Upgraded Broker Ratings for Robust Returns

The operating environment has been tough for equity markets, given macroeconomic and geopolitical uncertainties. Therefore, it is difficult for investors to pick stocks independently and generate solid returns.

One way to choose the right stocks is to follow rating upgrades by brokers. In this regard, stocks like BJ's Wholesale Club Holdings, Inc., McKesson Corp. and Carpenter Technology Corp. are worth considering.

As brokers directly communicate with the top management, they have more insight into what is happening in a particular company. They diligently review companies’ publicly available documents and even attend conference calls.

Brokers have a deeper understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.

Hence, 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 steady returns.

Here are the three stocks that qualified for the screening:

BJ's Wholesale Club, based in Westborough, MA, operates warehouse clubs on the east coast of the United States. BJ has emerged as one of the preferred destinations for shoppers regarding essentials and other items.

BJ's Wholesale Club’s fiscal 2023 earnings are projected to increase 10.7%. The company, sporting a Zacks Rank #1 at present, has witnessed a 7.7% upward revision in broker ratings over the past four weeks.

San Francisco, CA-based McKesson is a healthcare service and information technology company. MCK reports revenues through four segments — U.S. Pharmaceutical and Specialty Solutions, Internation, Medical-Surgical Solutions, and Prescription Technology Solutions.

The company’s earnings for 2022 are expected to rise 2.4%. McKesson, currently carrying a Zacks Rank #2, has witnessed an 8.3% upward revision in broker ratings over the past four weeks.

Carpenter Technology, headquartered in Philadelphia, PA, is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools. CRS has two reportable segments — Specialty Alloys Operations and Performance Engineered Products.

Carpenter Technology’s 2022 earnings are projected to jump 222.6%. The company, carrying a Zacks Rank #2 at present, has witnessed a 25% upward revision in broker ratings over the past four weeks.

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.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1979705/3-stocks-with-upgraded-broker-ratings-for-robust-returns

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.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

Follow us on Twitter:  https://www.twitter.com/zacksresearch

Join us on Facebook:  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/

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.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
McKesson Corporation (MCK) : Free Stock Analysis Report
 
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
 
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research