Avis Budget Group, Century Aluminum Company, Diebold Nixdorf, Asbury Automotive Group and Big Lots

For Immediate Release

Chicago, IL – July 16, 2020 – Stocks in this week’s article are Avis Budget Group CAR, Century Aluminum Company CENX, Diebold Nixdorf DBD, Asbury Automotive Group ABG and Big Lots BIG.

5 Stocks Looking Promising on New Broker Upgrades

At the time of designing their portfolio of stocks, investors solely aim at raking in the bucks, irrespective of the surrounding conditions. However, the task seems onerous as picking the perfect bets from a plenty of options in the market is never easy. Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in the highly unpredictable stock market.

Brokers to the Rescue

To combat the above uncertainty, investors more often than not rely on the guidance provided by brokers who are deemed experts equipped with thorough knowledge on the field. Brokers, irrespective of their types (sell-side, buy-side or independent), do an in-depth research on the stocks covered by them.

To that end, they attend company conference calls, interview management personnel and minutely study the company’s publicly-available documents among other things. Brokers revise their earnings estimates for the concerned stock after carefully examining the pros and cons of an event.

In view of such well-assorted information at their disposal, it is in the best interest of investors to be guided by brokers’ discretion and the direction of their estimate revisions. Naturally, their stock-related actions (upgrade or downgrade) serve as an invaluable factor as far as fixing the target price of a stock (s) is concerned.

Top Line to be Considered as Well

While we discussed the bottom line in detail, the top line (revenue portion) cannot be ignored. Actually, 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 lackluster demand for travel (which will hurt travel-focused companies). To address the 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/stock/news/1004979/5-stocks-that-look-promising-after-broker-rating-upgrades

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 >>.

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