Five stocks you can bank on

 

Each week we like to spend a few minutes looking over the current rankings on InvestorsObserver’s Stock Score Report screener for potential stocks investors may want to consider.

The screening tool combines both technical and fundamental data in its overall ranking, which helps build confidence that the top ranking stocks have not only managed outperform the market but also have strong enough underlying fundamentals to justify additional gains moving forward.

We have managed to consistently find a group of stocks that look attractive, and this week is no different. Each of the five stocks we will look at have shown amazing recent strength, and boast very strong fundamental scores.

If you are looking for a new stock, you may want to take a closer look at this week’s stocks that are topping the rankings.

Conn’s Inc.

Specialty retailer Conn’s Inc. (CONN) is trading near its 52-week high, and its strong technicals combined with a rare near-perfect fundamental ranking, the stock gets an overall ranking of 96 from InvestorsObserver’s Stock Score Report. Conn’s is expected to show strong earnings growth over the next five years, and in its most recent quarterly report the company shattered revenue estimates while putting up big earnings beat. The early-June report sent the stock sharply higher, and the market remains very upbeat of the stock’s future potential. CONN trades at $36.65 with an average price target of $43.00.

Click here to see a full copy of the report.

Chart courtesy of www.stockcharts.com

Burlington Stores

Off-price retailer Burlington Stores (BURL) remains near the top of the rankings with an overall ranking of 89 from InvestorsObserver’s Stock Score Report. Burlington has benefited from the strong overall economy, but its reputation for being a great place to shop for brand names at a discount price is why the company has performed so well in recent years. The company grew its earnings by 33.4% per annum over the last five years, and while future growing is slowing a bit versus the tough comparable, analysts see see average annual earnings growth of 25.6% over the next five years. The growth number may be lower, but it remains incredibly strong, and will keep investors bullish on the stock. The stock trades at $153.51 with an average price target of $159.94.

Click here to see a full copy of the report.

Chart courtesy of www.stockcharts.com

Visa

Credit card giant Visa (V) has held a spot in the top of the rankings all year, and with the stock now trading just pennies below its all-time high it is not surprising to find it still near the top of the rankings. V gets an overall ranking of 93 from InvestorsObserver’s Stock Score Report. A strong economy, low unemployment, and American households setting a new record in 2017 for the balance being carried on credit cards all work in Visa’a advantage. The company has reported very strong average annual earnings growth of 17.6% over the last five years, and analysts see more of the same moving forward, with a forecast of 18.8% per annum earnings growth for the next five years. The stock is currently sitting at $140.46 with an average price target of $147.83.

Click here to see a full copy of the report.

Chart courtesy of www.stockcharts.com

Home Depot

Another retailer that has shown strength over the last several months is home improvement retailer Home Depot (HD). The stock is currently trading just shy of its all-time high, and it gets an overall ranking of 87 from InvestorsObserver’s Stock Score Report. Analysts see the company growing earnings by 15.2% a year over the next five years, and with a forward P/E of just 19.7 the stock certainly appears reasonably priced. The housing market has remained strong despite a series of small interest rate hikes, and rates remain low enough that it will still take several more increases before the housing market is likely to feel a material impact. Housing remains strong, and current homeowners are spending money on upgrades and improvements as a result. HD has an average price target of $210.33 and the stock is now trading at $200.50.

Click here to see a full copy of the report.

Chart courtesy of www.stockcharts.com

O’Reilly Automotive

Automotive parts retailer O’Reilly Automotive (ORLY) is near the top of this week’s rankings with an overall ranking of 89 from InvestorsObserver’s Stock Score Report. The stock has been incredibly strong over the last year, and it is currently trading just below its all-time high. Drivers are keeping their vehicles on the road longer, and as they age the demand more parts and services to keep them on the road. O’Reilly has grown its profits by 18.8% a year over the last five years, and analysts expect to see annual earnings growth of 16.4% over the next five years. The strong growth numbers should keep strength under the stock as long as the company is able to hit its future estimates. ORLY is trading at $289.81 with an average price target of $292.33.

Click here to see a full copy of the report.

Chart courtesy of www.stockcharts.com

Symbols: BURL CONN HD ORLY V
Michael Fowlkes

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.

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