For Immediate Release

Chicago, IL – October 11, 2021 – Stocks in this week’s article are C.H. Robinson Worldwide, Inc. CHRW, ArcBest Corporation ARCB, AutoNation, Inc. AN, Phillips 66 PSX and Peabody Energy Corporation BTU.

Recent Analyst Upgrades Bring These 5 Stocks into the Limelight

With the third-quarter earnings season commencing shortly for most sectors, investors will look to add stocks to their respective portfolios, which have the potential to surpass earnings expectations in the to-be-reported quarter. Generally, an earnings outperformance results in stock price appreciation.

The task of selecting appropriate stocks from a plethora of options available in the stock market at a given point of time is anything but easy. The current scenario of the Delta-variant induced uncertainty made the task even more daunting. The procedure becomes further difficult when one tries to select a winning portfolio without proper guidance.

Time for Some Broker Advice?

In view of these unprecedented times and economic constraints, it is in the best interest of investors to be guided by the experts in the field. The concerned experts are brokers. Brokers, irrespective of their types (sell-side, buy-side or independent), undertake a thorough research of the stocks that they cover.

They have at their disposal a lot more information on a company and its prospects than individual investors.  To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations.  Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.

Direction of Earnings Estimates Serves as a Proper Pointer

As brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and the cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock.

To take care of the earnings performance, we designed a screen based on improving broker recommendations and upward estimate revisions over the last four weeks.

Do Not Ignore the Top Line

However, designing a strategy based solely on the bottom line is unlikely to lead to a winning approach. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/amp/stock/news/1808244/recent-analyst-upgrade-brings-these-5-stocks-in-the-limelight

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

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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.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report
 
C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
 
AutoNation, Inc. (AN) : Free Stock Analysis Report
 
Phillips 66 (PSX) : Free Stock Analysis Report
 
ArcBest Corporation (ARCB) : Free Stock Analysis Report
 
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