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Zacks.com Featured Highlights Include: Heritage Commerce, New Mountain, Assurant, Loews And Proteostasis

By Zacks Investment ResearchStock MarketsMar 20, 2018 10:33PM ET
www.investing.com/analysis/zackscom-featured-highlights-include-heritage-commerce-new-mountain-assurant-loews-and-proteostasis-200299723
Zacks.com Featured Highlights Include: Heritage Commerce, New Mountain, Assurant, Loews And Proteostasis
By Zacks Investment Research   |  Mar 20, 2018 10:33PM ET
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For Immediate Release

Chicago, IL – March 21, 2018 - Stocks in this week’s article Heritage Commerce Corp. (NASDAQ:HTBK) , New Mountain Finance Corporation (NYSE:NMFC) , Assurant, Inc. (NYSE:AIZ) , Loews Corporation (NYSE:L) and Proteostasis Therapeutics, Inc. (NASDAQ:PTI) .

5 Stocks in the Limelight on New Analyst Coverage

New analyst coverage unearths extensive data on stocks for investors. Analysts are privy to vital information which is crucial for investment decisions. Lack of information creates chances of misinterpretation of stocks (over or undervalued).

Coverage initiation on a stock by analyst(s) usually portrays higher investor inclination. Investors, on their part, often assume that there is something special in a stock to attract analysts to cover it. In other words, they believe that the company coming under the microscope definitely holds some value.

Obviously, stocks are not randomly chosen to cover. New coverage on a stock usually reflects a reassuring future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t like to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly added stocks are more favorable than their ratings on continuously covered stocks.

Needless to say, the average change in broker recommendation is preferred over a single recommendation change.

Impact on Stock Price

The price movement of a stock is generally a function of the recommendations on it from new analysts. Stocks typically see an upward price movement with a new analyst coverage compared to what they witness with a rating upgrade under an existing coverage. Positive recommendations — Buy and Strong Buy — generally lead to a significantly more positive price reaction than Hold recommendations. On the contrary, analysts hardly initiate coverage with a Strong Sell or Sell recommendation.

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

So, it’s a good strategy to bet on stocks that have seen increased analyst coverage over the last few weeks.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/296208/5-stocks-in-the-limelight-on-new-analyst-coverage

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: 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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.



Heritage Commerce Corp (HTBK): Free Stock Analysis Report

New Mountain Finance Corporation (NMFC): Free Stock Analysis Report

Assurant, Inc. (AIZ): Free Stock Analysis Report

Loews Corporation (L): Free Stock Analysis Report

Proteostasis Therapeutics, Inc. (PTI): Free Stock Analysis Report

Original post

Zacks Investment Research
Zacks.com Featured Highlights Include: Heritage Commerce, New Mountain, Assurant, Loews And Proteostasis
 
Zacks.com Featured Highlights Include: Heritage Commerce, New Mountain, Assurant, Loews And Proteostasis

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