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5 Broker-Favored Stocks Worth a Look in the Current Scenario
ASIXAdvanSix(ASIX) ZACKS·2024-08-21 13:40

Core Viewpoint - Investors are seeking to build stock portfolios that yield substantial returns despite market uncertainties, with broker recommendations and earnings estimate revisions serving as key indicators for potential investment opportunities [1]. Screening Criteria - The screening process identifies stocks based on net upgrades in broker ratings over the past four weeks, earnings estimate revisions, price-to-sales ratios, stock price above 5,averagedailytradingvolumeexceeding100,000shares,andmarketcapitalizationwithinthetop3000[2].CompanySummaries−∗∗AdvanSix(ASIX)∗∗:AdiversifiedchemistrycompanyfacingoperationaldisruptionsatitsFrankfordsite,butwithaZacksConsensusEstimatefor2024earningsat5, average daily trading volume exceeding 100,000 shares, and market capitalization within the top 3000 [2]. Company Summaries - **AdvanSix (ASIX)**: A diversified chemistry company facing operational disruptions at its Frankford site, but with a Zacks Consensus Estimate for 2024 earnings at 1.91 per share, reflecting a 33.6% increase year-over-year. The company has a Zacks Rank of 1 (Strong Buy) [3][4]. - Bally's Corporation (BALY): Shares have risen following a merger agreement with Standard General L.P. valued at approximately 4.6billion.TheZacksConsensusEstimateforcurrent−quarterearningshasincreasedby874.6 billion. The Zacks Consensus Estimate for current-quarter earnings has increased by 87% over the past 60 days, with a Zacks Rank of 2 (Buy) [3][4]. - **DXC Technology (DXC)**: The company is experiencing growth in its digital business and cloud computing partnerships, alongside cost-saving measures. The Zacks Consensus Estimate for current-quarter earnings has risen by 2.9%, with a Zacks Rank of 3 (Hold) [4]. - **Warner Bros. Discovery (WBD)**: The company benefits from strong streaming subscriber growth and an expanding content portfolio, particularly in sports streaming. The Zacks Consensus Estimate for 2025 earnings has been revised upward by over 100%, with a Zacks Rank of 3 [5]. - **Bunge (BG)**: The company has a diversified geographical and seasonal presence, enhancing its risk management and resilience. The Zacks Consensus Estimate for current-quarter earnings is 2.11 per share, indicating a 5% increase year-over-year, with a Zacks Rank of 3 [5][6].