Yahoo Finance Zacks.com featured highlights include Skechers, Walmart, Haemonetics, AZZ and BOK Financial
For Immediate Release
Chicago, IL – June 14, 2024 – Stocks in this week’s article are Skechers U.S.A., Inc. SKX, Walmart Inc. WMT, Haemonetics Corp. HAE, AZZ Inc. AZZ and BOK Financial Corp BOKF.
Buy 5 Stocks with Upgraded Broker Ratings for Robust Returns
Given the current solid market performance, it is very difficult for retail investors to choose stocks independently and generate robust returns. For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment.
One way to cut short this task is to follow brokers’ recommendations. So, stocks like Skechers U.S.A., Inc., Walmart Inc., Haemonetics Corp., AZZ Inc. and BOK Financial Corp are worth betting on.
As brokers directly communicate with the top management, they have a deeper insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more 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.
When brokers upgrade a stock, one can easily rely on their judgment. But merely depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are five stocks that qualified for the screening:
Based in Manhattan Beach, CA, Skechers U.S.A. designs, develops, markets and distributes footwear for men, women and children in the United States and overseas under the SKECHERS name, as well as under several uniquely branded names. As of Mar 31, 2024, SKX had 5,203 stores, including 565 domestic stores, 1,106 international locations and 3,532 distributors, licensees and franchise stores.
Skechers U.S.A.’s earnings estimates for 2024 have been revised 1.2% north over the past 30 days. SKX, sporting a Zacks Rank #1, has witnessed a 9.1% upward revision in broker ratings over the past four weeks.
Headquartered in Bentonville, AR, Walmart operates variety stores, discount stores, supercenters, Sam’s Clubs and Neighborhood Markets, along with the websites – walmart.com and samsclub.com. WMT offers merchandise under its private-label store brands, which comprises Equate, Faded Glory, George, Great Value, Holiday Time, Mainstays and others.
Walmart’s fiscal 2025 earnings estimates have been revised 2.5% upward over the past 30 days. WMT, carrying a Zacks Rank #2 at present, has witnessed a 2.9% upward revision in broker ratings over the past four weeks.
Haemonetics, based in Boston, MA, provides blood management solutions to customers encompassing blood and plasma collectors, hospitals and health care providers globally. HAE’s portfolio of integrated devices, information management and consulting services offers blood management solutions for each facet of the blood supply chain, helping better clinical outcomes.
Haemonetics’ fiscal 2025 earnings estimates have been revised 5.3% upward over the past 30 days. HAE, sporting a Zacks Rank #1 at present, has witnessed a 16.7% upward revision in broker ratings in the past four weeks.
Headquartered in Fort Worth, TX, AZZ provides hot-dip galvanizing and coil coating solutions in North America. The company offers metal finishing solutions for corrosion protection.
AZZ’s fiscal 2025 earnings estimates have been revised 2.9% upward over the past month. AZZ, sporting a Zacks Rank #1 at present, has witnessed a 25% upward revision in broker ratings over the past four weeks.
BOK Financial, based in Tulsa, OK, is a regional financial services company. BOKF operates through the following three principal lines of business: Commercial Banking, Consumer Banking and Wealth Management.
BOK Financial’s 2024 earnings estimates have remained unchanged over the past 30 days. BOKF, carrying a Zacks Rank #2 at present, has witnessed a 10% upward revision in broker ratings over the past four weeks.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2287653/buy-5-stocks-with-upgraded-broker-ratings-for-robust-returns
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Walmart Inc. (WMT) : Free Stock Analysis Report
Skechers U.S.A., Inc. (SKX) : Free Stock Analysis Report
BOK Financial Corporation (BOKF) : Free Stock Analysis Report
Haemonetics Corporation (HAE) : Free Stock Analysis Report
AZZ Inc. (AZZ) : Free Stock Analysis Report
