Chicago, IL – November 15, 2023 – Stocks in this week’s article are TripAdvisor Inc. TRIP, Oracle Corp. ORCL and The Trade Desk, Inc. TTD.
Buy These 3 Top-Ranked Stocks with Upgraded Broker Ratings
The macroeconomic environment continues to be highly uncertain. Amid such a situation, it is difficult for individual investors to pick stocks independently and generate robust returns. For this, one has to understand the fundamentals of every 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 the broker's recommendation. In this regard, stocks like TripAdvisor Inc., Oracle Corp. and The Trade Desk, Inc. are worth a look.
As brokers directly communicate with the top management, they have a better insight into what is happening in a particular company. They evaluate 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. However, 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 three of the four stocks that qualified for the screening:
Massachusetts-based TripAdvisor is one of the largest online travel research companies in the world. TRIP provides a platform for users to share reviews, ratings and opinions on hotels, destinations, attractions and restaurants.
TRIP's earnings for 2023 are expected to rally 43.1%. TripAdvisor, carrying a Zacks Rank #2, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Redwood City, CA, Oracle is one of the largest enterprise-grade database, middleware and application software providers. ORCL offers cloud solutions and services that can be used to build and manage various cloud deployment models.
Oracle's fiscal 2024 earnings are projected to increase 8.2%. ORCL, carrying a Zacks Rank #2 at present, has witnessed a 4% upward revision in broker ratings over the past four weeks.
Trade Desk, based in Ventura, CA, operates a self-service cloud-based platform that allows buyers to plan, manage, optimize and measure data-driven digital advertising campaigns. TTD also provides data and other value-added services.
Trade Desk's 2023 earnings are projected to rise 20.2%. TTD, carrying a Zacks Rank #2 at present, has witnessed a 3.9% upward revision in broker ratings in 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/2183798/buy-these-3-top-ranked-stocks-with-upgraded-broker-ratings
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.
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