Kevin Matras explains why looking for stocks with upgraded broker ratings can upgrade your portfolio to a whole new level.
One thing I've been doing lately is screening for stocks that have recently seen a broker rating upgrade.
An ETF look-up on the site will provide investors with information about the fund's net asset value, Average Broker Ratings, in-depth fund holdings, sector and country concentrations, as well as a current quote for the fund.
com and the Top Ranked ETFs by Average Broker Rating with data from Zacks Investment Research.
Through the partnership, DTN financial data customers will now receive more than 1,500 daily, real-time news stories including market analysis, company news and updates, broker ratings
and corporate actions.
TD Ameritrade was ranked #1 and received an overall score of 5 stars (tied for first place with one other broker), in the Kiplinger's Online Broker Ratings
, Kiplinger's Personal Finance, 02/2011.
While not as effective, average broker ratings are also useful.
Because the Zacks Rank has a large number of "Holds," let's also require the company to have an average broker rating better than a 3.
Thermo has an average broker rating of a "Strong Buy" and is also rated a "Buy" on the Zacks Rank.
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In screen 1: I backtested only those companies with broker rating upgrades.
And in screen 3: I screened only those companies that received broker rating downgrades.