Two Simple Filters Added to the Zacks Rank for Powerful Returns - Screen of the Week
- Zacks Rank equal to 1 As you know, the Zacks Rank is one of the best ranking systems out there. Over the last 26 years, the Zacks #1 Rank stocks have shown an average annual return of over 26% a year. This screen starts off by focusing in on these.
- % Change Current Quarter Estimates over 4 Weeks greater than 0 This item is important because, while the Zacks Rank already looks at the Current Year's Estimate Revisions and Next Year's Estimate Revisions, this added component looks at the more immediate future, which is the Current Quarter. And by saying greater than zero, we're excluding any company with a negative revision.
- % Change in the Average Broker Rating over 1 Week equal to Top # 5 This means I'm looking for the 5 stocks with the biggest or best change in their average broker rating. In other words, brokers have been upgrading the stocks. While I don't really follow broker recommendations, per se', since I believe they're skewed to the upside, I do like to see the change in the rating. Are these guys getting more bullish or less bullish? This is good to know. So I want to make sure the average broker rating has gotten better, or at least not gotten worse, over the last week.
TFX - Teleflex Inc.
TIS - Orchids Paper Products Co. Get the rest of the stocks on this list and start trading the Filtered Zacks Rank2 (or any of our other strategies) in your own account. Remember, the key to successful screening is in discovering those screens that have produced profitable results in the past. That's exactly what you get with the Research Wizard stock picking and backtesting program. Click here to sign up for a free trial to the Research Wizard today. 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. Disclosure: Performance information for Zacks' portfolios and strategies are available at: http://www.zacks.com/performance.