Chicago, IL – December 1, 2009- Kevin Matras explains why looking for stocks with upgraded broker ratings can upgrade your portfolio to a whole new level. Stocks in this week’s article include Caterpillar Inc. (NYSE: CAT), Eastman Chemical Company (NYSE: EMN), Mobile TeleSystems OJSC (NYSE: MBT), The Boston Beer Company, Inc. (NYSE: SAM) and Sealed Air Corporation (NYSE: SEE).
Screen of the Week written by Kevin Matras of Zacks Investment Research:
When I’m screening for new stocks, I like to look for companies that have recently seen a broker rating upgrade. Tests have proven that stocks with broker rating upgrades outperform those that don’t get upgraded, and outperform even more dramatically those stocks that get downgraded.
By how much?
I created three screens and ran some tests. Each screen used a price and volume qualifier of >= $5 and >= 50,000 shares traded daily (avg. 20 day volume). I then added the Average Broker Rating Change over the last 4 weeks filter.
The tests confirmed what I had already suspected, though the magnitude was a lot larger.
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