Zacks.com featured highlights include: Nordstrom, M/I Homes, American Airlines, Covenant Transportation and AmerisourceBergen

For Immediate Release

Chicago, IL – January 10, 2020 – Stocks in this week’s article are Nordstrom JWN, M/I Homes MHO, American Airlines AAL, Covenant Transportation Group CVTI and AmerisourceBergen ABC.

5 Broker-Friendly Stocks in Focus Amid Middle East Tensions

Tensions between the United States and Iran heightened after the latter retaliated to the early-hour U.S. airstrike at Baghdad airport, which killed Iran’s top general Qasem Soleimani on Jan 3. The retaliatory move on Jan 7 saw Iran firing multiple ballistic missiles at two military camps in Iraq housing American troops.

Naturally, this escalation in tensions between the nations has weighed on stocks. Moreover, in the event of the United States retaliating following Iran’s missile attacks, the broader equity market might be hurt further in the days ahead. Notably, geopolitical tensions are never good for the market as these cripple economic growth.

However, irrespective of market conditions, investors strive to design a winning portfolio of stocks. They, after all, are putting their hard-earned money into stocks. Amid the prevalent confusion, it is almost impossible for individual investors to come up with a winning portfolio of stocks without proper guidance. Therefore, it is in the best interest of investors to seek advice from “experts in the field."

Who are These Experts & Why is their Advice Important?

The concerned experts are brokers. Brokers have a deeper insight into what’s happening in a particular company, along with a better understanding of the overall sector and the industry.

To attain their objective, they go through minute details of the publicly-available financial documents apart from attending company conference calls and other presentations. Since brokers follow the stocks in 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.

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.

Making the Most of Broker Advice

The above write-up clearly suggests that by following broker actions, one can arrive at a winning portfolio of stocks. Keeping this in mind, we have designed a screen to shortlist stocks based on improving analyst recommendation and upward revisions in earnings estimates over the last four weeks.

Also, since the price/sales ratio is a strong complementary valuation metric in the presence of analyst information, it has been included. The price/sales ratio takes care of the company’s top line, making the strategy a winning one.

For the rest of this Screen of the Week article please visit Zacks.com at:https://www.zacks.com/stock/news/709597/5-brokerfriendly-stocks-in-focus-amid-middle-east-tensions

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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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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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
 
Covenant Transportation Group, Inc. (CVTI) : Free Stock Analysis Report
 
M/I Homes, Inc. (MHO) : Free Stock Analysis Report
 
Nordstrom, Inc. (JWN) : Free Stock Analysis Report
 
AmerisourceBergen Corporation (ABC) : Free Stock Analysis Report
 
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