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Zacks.com featured highlights include: Genesco, Hertz Global, Suburban Propane, and Cytek

By Zacks Investment ResearchStock MarketsJan 09, 2022 09:30PM ET
www.investing.com/analysis/zackscom-featured-highlights-include-genesco-hertz-global-suburban-propane-and-cytek-200614200
Zacks.com featured highlights include: Genesco, Hertz Global, Suburban Propane, and Cytek
By Zacks Investment Research   |  Jan 09, 2022 09:30PM ET
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For Immediate Release

Chicago, IL – January 10, 2022 – Stocks in this week’s article are Genesco (NYSE:GCO) Inc. GCO, Hertz Global Holdings (OTC:HTZGQ), Inc. HTZ, Suburban Propane (NYSE:SPH) Partners, L.P. SPH and Cytek Biosciences, Inc. CTKB.

4 Top Stocks for Higher Returns on New Analyst Coverage

New analyst coverage unearths extensive data on stocks for investors. Analysts are privy to vital information that is crucial for making investment decisions. Hence, they are much relied on, as the lack of information creates chances of misinterpretation (over- or under-valued).

Analysts don’t add a stock to their coverage randomly. New coverage on a stock is usually the result of huge investor focus on it or its promising prospects.

Interestingly, stocks typically see an incremental upward price movement with new analyst coverage compared to what they witness with the continuation of existing analyst coverage. Of course, the price movement depends on recommendations from new analysts. Positive recommendations — Buy and Strong Buy — lead to a significant positive incremental price reaction than Strong Sell, Sell or Hold recommendations.

If an analyst gives a new recommendation on a company that has limited or no analyst coverage, investors start paying more attention to it. Also, any new information attracts portfolio managers to build a position in the stock.

One should preferably look for the average change in broker recommendation rather than a single recommendation change. Then again, an upgrade, initiation or even increased coverage is equally important.

Keeping this in mind, it’s a good strategy to focus on the number of analyst recommendations that have increased over the past few weeks.

Below, we have selected four stocks that have seen increased analyst coverage over the past few weeks.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1849054/4-top-stocks-for-higher-returns-on-new-analyst-coverage?art_rec=quote-stock_overview-zacks_news-ID02-txt-1849054

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.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: https://www.zacks.com/

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Hertz Global Holdings, Inc. (HTZ): Free Stock Analysis Report

Suburban Propane Partners, L.P. (SPH): Free Stock Analysis Report

Genesco Inc. (GCO): Free Stock Analysis Report

Cytek Biosciences, Inc. (CTKB): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Zacks.com featured highlights include: Genesco, Hertz Global, Suburban Propane, and Cytek
 

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Zacks.com featured highlights include: Genesco, Hertz Global, Suburban Propane, and Cytek

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