For Immediate Release
Chicago, IL – October 28, 2024 – Stocks in this week’s article are American Airlines AAL, Air Canada ACDVF, EmergentBioSolutions EBS, Berry Corp. BRY and Cracker Barrel Old Country Store CBRL.
5 Broker-Appreciated Stocks to Keep an Eye on After Recent Analyst Upgrades
After performing impressively in September, volatility returned to grip the U.S. equity markets in October. The hotter-than-expected inflation reading for September has reignited recession fears. In September, the consumer price index rose 0.2% month over month, beating the consensus estimate of a 0.1% rise. These matters have not improved as geopolitical woes in the Middle East have intensified.
Given these headwinds, investors are well-advised to get help from brokers, who are experts in the field of investing, to design a winning portfolio of stocks. Broker-favorite stocks such as American Airlines, Air Canada, EmergentBioSolutions, Berry Corp. and Cracker Barrel Old Country Store should be monitored for this purpose.
We have designed a screen to shortlist stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of broker information, it has been included. The price/sales ratio takes care of the company’s top line, making the strategy a well-rounded one.
Here are five of the 10 stocks that made it through the screen:
American Airlines is based in Fort Worth, TX. The gradual increase in air travel demand (particularly leisure) aids AAL. However, high operating costs are hurting its bottom line.
Over the past 60 days, the Zacks Consensus Estimate for 2024 earnings has increased 25.8%. AAL currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Air Canada, Canada’s leading airline, is benefitting from the buoyant scenario concerning air travel demand. Driven by this tailwind, shares of this carrier have gained 16% in the past three months.
Over the past seven days, the Zacks Consensus Estimate for 2024 earnings has inched up 0.6%. ACDVF currently carries a Zacks Rank #3 (Hold).
Emergent BioSolutions, headquartered in Gaithersburg, MD, is a life sciences company. EBS currently has a Zacks Rank #2.
Emergent BioSolutions’ shares have lost 35.2% over the past three months, underperforming the industry’s 3% decline. Bottom-line estimates for EBS have narrowed to a loss of $1.30 per share from a loss of $1.98 for 2024 in the past 30 days. The company has a favorable VGM Score of B.
Berry is primarily involved in exploration and production activities, with its operations spreading across low-decline, long-lived oil and gas reserves in California and Utah. BRY can comfortably sail through a volatile energy business environment, banking on its strong liquidity and fortress balance sheet.
BRY shares have gained 6.2% over the past month. Over the past 60 days, the Zacks Consensus Estimate for current-year earnings has increased 4.9%. BRY currently carries a Zacks Rank #3.
Cracker Barrel is prioritizing menu innovation and strategic pricing to drive growth. The company is introducing the latest offerings, including shareable starters and specialty beverages, while optimizing pricing to enhance value. These initiatives aim to attract customers and support profitability.
CBRL has outpaced the Zacks Consensus Estimate for earnings in two of the last four quarters, missing the mark on two other occasions. The average beat is 3.1%. CBRL shares have gained 10.8% over the past three months. CBRL currently carries a Zacks Rank #3.
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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/2357887/5-broker-liked-stocks-to-keep-an-eye-on-after-recent-analyst-upgrades
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Cracker Barrel Old Country Store, Inc. (CBRL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Emergent Biosolutions Inc. (EBS) : Free Stock Analysis Report
Berry Corporation (BRY) : Free Stock Analysis Report
Air Canada (ACDVF) : Free Stock Analysis Report