This week’s top scoring stocks

 

Over the last couple of months, we have been keeping an eye on the new ranking system developed by research firm InvestorsObserver. The firm has built a system that ranks stocks based on a combination of technical and fundamental data, which creates a good ranking system for investors interested in both.

Last week we looked back at some of the previous stocks we highlighted, all of which had enjoyed strong gains since they ranked high in the Stock Score Report ranking system.

As we have discussed in previous articles, combining technical and fundamental data in a ranking system is a good way to screen for stocks that have not only performed strongly in the recent past, but also have a good chance of building on those recent gains moving forward.

This week’s list is slightly different from our previous group of stocks. One stock we have already looked at in the past, and one stock is a brand new company, and as a result the fundamental data is not available to use in the ranking system. The stock, Riot Blockchain, is new and the technical data is incredibly strong, but it is lacking the fundamental data. We decided to go ahead and include RIOT in our list despite the missing fundamental data due to the recent technical strength.

Let’s take a closer look at this week’s five stocks, and dig a little deeper to judge whether or not the stocks have the potential to build on recent gains.

Hunstman Corp.

Hunstman Corp. (HUN) has been a top ranking stock for some time now. Currently, the stock gets an overall ranking of 94 from InvestorsObserver’s Stock Score Report, with shares currently trading just shy of their record high. HUN gets top scores in technical and fundamental analysis, and analysts expect a lot more upside in the stock ahead. HUN is currently trading at $31.64, and analysts have an average price target of $36.17 on the stock. The company reported a big earnings beat at the end of October, and analysts expect full year earnings growth of 69.4%, which combined with a P/E of 17.9 suggests more upside potential.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

ITT Inc.

ITT Inc. (ITT) manufactures diversified machinery. The company has managed to grow earnings by 7.0% a year over the last five years, and analysts expect per annum earnings growth of 13.0% over the next five years. The stock made a big move higher following its August quarterly report, and shares have continued to trend higher on a better than expected third-quarter report at the start of November. ITT is now trading just shy of its record high at $53.92, and analysts have an average price target of $57.50 on the stock. With the strong growth estimates, and the stock trading with a P/E of just 23.0, ITT should continue to trend higher through the remainder of the year. The stock gets an overall ranking of 92 from InvestorsObserver’s Stock Score Report.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

Riot Blockchain

Cryptocurrencies have been hot in 2017, and Riot Blockchain (RIOT) has soared in recent months. The company was formerly Bioptix Inc. before converting to a blockchain technology company. It recently changed its name as it moves to become a major player in the digital currency business. The stock’s recent surge has driven its technical scores through the roof, and RIOT currently gets an overall ranking of 92 from InvestorsObserver’s Stock Score Report. Because the company is so new, InvestorsObserver does not have a fundamental score on the company, but its strong technical trend is enough to warrant a closer look. There is a lot of mania around cryptocurrencies right now, and RIOT is enjoying the ride. The stock has recently given back some of its recent gains, but as the bitcoin mania continues the stock is likely to rise back to its previous highs.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

Tower Semiconductor

Tower Semiconductor (TSEM) gets an overall ranking of 87 from InvestorsObserver’s Stock Score Report. The company manufactures semiconductors, and the semiconductor sector has been incredibly strong in 2017. TSEM has trended steadily higher over the last year, and the stock is currently trading just shy of its 52-week high at $33.76. Analysts have an average price target of $36.25 on the stock, suggesting shares have 7.4% additional upside potential. TSEM is expected to grow its earnings by 25.1% during the current year, and an additional 13.1% in 2018. The stock has a reasonable valuation, with a P/E of 17.3, which combined with the hefty growth estimates supports shares moving higher through the remainder of the year.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

UnitedHealth Group

UnitedHealth Group (UNH) gets an overall ranking of 90 from InvestorsObserver’s Stock Score Report. Shares have enjoyed steady gains over the last five years, and the stock is currently trading just below its all-time high of $223.37 at $222.91. Analysts have an average price target of $224.41, so the upside may be limited at this point, mainly due to the current valuation. The stock has a P/E of 25.3, which is a little high, but with earnings expected to rise 24.1% this year, and an additional 8.2% next year, there is a case to be made for shares moving higher as long as the company is able to hit its future estimates.

Click here to see a full copy of the report.

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Chart courtesy of www.stockcharts.com

Symbols: HUN ITT RIOT TSEM UNH
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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