Through the course of the year we have been doing weekly reports on the stocks that have been at the top of InvestorsObserver’s Stock Score report, and periodically we like to take a look back at some of the stocks we have highlighted to see how they have fared since our report, as well as look at their current Stock Score Report ranking.
We have seen a lot of success in the stocks we have covered, which proves the approach of combining both technical and fundamental scores when ranking the overall stock universe has been working.
By using short and long-term technical scores, the Stock Score Report first identifies how stocks have been trading in the recent past as well as how the overall trend has been for the last year. Taking those numbers and adding in the fundamental ranking helps identify stocks that also have solid underlying fundamentals that should allow shares to build on their recent gains.
With that, let’s take a look at a few names we have spotted over the last couple months and see how they have done as well as how Stock Score reports ranks them at the current time.
We looked at discount retailer Dollar General (DG) on August 16. At the time, the stock was trading at $103.85, with an overall Stock Score report score of 89. Since that time, the stock has traded slightly higher, and is currently sitting at $106.50, after hitting a new all-time high of $109.05 on August 27. The company will report its next set of quarterly numbers on August 30, with the street expecting a small earnings beat, with a whisper number of $1.50 versus the consensus $1.49. Stock Score report currently gives DG an overall ranking of 80. The 16 analysts who currently cover the stock have set an average price target of $110.21.
Another discount retailer that we have seen near the top of the rankings all year long is Burlington Stores (BURL). After our last report on August 16 when the stock was trading at $162.75, shares have risen to $165.47, and hit an all-time high on August 22 at $172.65. BURL is set to report its second-quarter numbers before the market open on August 30, with the consensus calling for earnings of $0.97, up from $0.72 during the same period last year. For the most part, it has been a strong earnings season for retailers, and the street is looking for Burlington to top estimates, with a whisper number of $1.00 for the quarter. Stock Score Report currently gives the stock an overall score of 84. The 16 analysts who cover the stock have set an average price target of $163.94.
When we looked at credit card company Visa (V) on August 9, the stock was showing strength after its fiscal third-quarter report and was trading at $140.45 with an overall Stock Score Report score of 91. Since that time, V has continued to move higher, and is currently sitting at $147.16. V still gets strong scores across the board, with an overall Stock Score Report score of 91. A strong overall economy, and high consumer confidence should continue to keep bullish sentiment in the sector and push V shares higher. The 27 analysts who cover the stock have an average price target of $155.17.
We looked at Marathon Petroleum (MPC) on August 2, shortly after the company had reported better than expected earnings for its June quarter. At the time, the stock traded at $80.68, and had an overall score of 95 on Stock Score Report. Since that report, MPC has continued to move higher, and the stock now sits at $84.40, and gets an overall score of 93 from Stock Score Report. Analysts remain bullish on the stock, with the 14 analysts who cover the stock setting an average price target of $95.64.
NexPoint Residential Trust
Following NexPoint Residential Trust (NXRT)’s second-quarter earnings report at the end of July, the stock gapped higher and the move caught the attention of the Stock Score Report screener, which gave it an overall ranking of 93. When we reported on the move on August 2, NXRT was trading at $30.04. Since our report, shares have showed additional strength, with the stock currently trading at $32.64. NXRT currently has an overall score on Stock Score Report of 78. The six analysts that cover NXRT have an average price target of $32.90 on the stock.