Zacks.com featured highlights include: Atlas Air, Mesa Air, Atlas Technical Consultants, The Children's Place and DICK'S Sporting Goods
For Immediate Release
Chicago, IL – June 8, 2021 – Stocks in this week’s article are Atlas Air Worldwide Holdings, Inc. AAWW, Mesa Air Group, Inc. MESA, Atlas Technical Consultants, Inc. ATCX, The Children's Place, Inc. PLCE and DICK’S Sporting Goods, Inc. DKS.
5 Stocks Worth a Look Following Upgrade by Brokers
Irrespective of the prevalence of economic volatility, investors strive to design a portfolio of stocks that will fetch them lucrative returns. As they are parking their hard-earned money in the stock market, they naturally do not want to see it going down the drain, especially in the current uncertain times. However, the task is easier said than done because selecting the right basket of stocks from a plethora of choices at any point of time is no cakewalk.
In want of proper guidance, identifying a winning stock is akin to searching ‘a needle in a haystack’, for an investor. The astute piece of advice in this respect comes from brokers who are deemed experts, equipped with in-depth knowledge and a sharp acumen as far as the field of investing is concerned.
Brokers go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Since brokers follow the stocks under their coverage in great detail, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. 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 analyst recommendations and upward estimate revisions over the last four weeks.
Revenue Performance not to be Ignored
According to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance, especially in an environment of revenue weakness due to macroeconomic headwinds like a strong dollar or lackluster demand for travel (which will hurt travel-focused companies). Therefore, one must take the top-line performance into consideration as well while formulating a successful strategy. We included in our screen the price/sales ratio as well, 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/stock/news/1670029/5-stocks-worth-a-look-following-upgrade-by-brokers
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
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Strong Stocks that Should Be in the News
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Contact: Jim Giaquinto
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DICKS Sporting Goods, Inc. (DKS): Free Stock Analysis Report
The Childrens Place, Inc. (PLCE): Free Stock Analysis Report
Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report
Mesa Air Group, Inc. (MESA): Free Stock Analysis Report
Atlas Technical Consultants, Inc. (ATCX): Free Stock Analysis Report
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