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3 Upgraded Stocks to Buy in May

Published 05/07/2021, 05:15 PM
Updated 05/07/2021, 06:30 PM
© Reuters.  3 Upgraded Stocks to Buy in May

© Reuters. 3 Upgraded Stocks to Buy in May

POWR Ratings upgrades are a great source of companies moving in the right direction. When combined with qualitative and fundamental research, we can find great stocks poised to move higher in the months ahead. That's why David Cohne is recommending Starbucks (SBUX), Sherwin-Williams (SHW), and Stryker (SYK).One of the many benefits of our proprietary POWR Ratings system is the upgrades page. This page shows us which companies are improving from a growth and quality standpoint. This is reflected in higher grades in our ratings system. While we recommend investors only buy stocks that are rated a Buy or Strong Buy, picking up a recently upgraded Buy stock allows investors to get ahead of the game.

Many stocks get upgraded daily, which is why it's important to focus on stocks with the best prospects. That's why I like to take a qualitative approach to find catalysts that will drive shares up. One feature that I'm particularly keen on is a company that is a leader in its industry. These types of companies are typically one of, if not the largest, and most recognized brands in their space.

So, I ran a screen to find recently Buy-rated upgraded stocks that were leaders in their industry and offered the potential for growth in the months ahead, and these three top stocks were leading the pack: Starbucks Corporation (NASDAQ:SBUX), Sherwin-Williams Company (NYSE:SHW), and Stryker Corporation (NYSE:SYK).

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