In the current volatile markets, a basic fundamental analysis of companies is not enough to zero in on stocks that have the potential to generate solid returns. In such a situation, expert advice helps picking the right stocks. You could simply follow broker rating upgrades, as they have a deeper insight into stocks, the sectors and the overall economy.

Brokers directly communicate with the top management. They also thoroughly study the publicly available documents and attend conference calls.

In addition, brokers scrutinize the fundamentals of companies and place them against the current economic backdrop to find out how the stocks will fare as an investment option. Hence, by following broker rating upgrades, you can easily find attractive stocks.

But solely depending on broker upgrades is not advisable. You must take into consideration a few other factors before adding a stock to your investment portfolio. This way you can ensure steady returns.

Choosing the Winning Strategy

We have a screening strategy that will help you in your search for potential winners:

Broker Rating Upgrades (four weeks) of 1% or more: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the last four weeks.

Current Price greater than $5: The stocks must be trading above $5.

Average 20-day Volume greater than 100,000: A large trading volume guarantees that the stock is easily tradable.

Zacks Rank equal to #1 or 2: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here.

VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B when combined with a Zacks Rank #1



a group of baseball players standing on top of a grass covered field: A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. (Photo by Kyle Rivas/Getty Images)


© (Photo by Kyle Rivas/Getty Images)
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. (Photo by Kyle Rivas/Getty Images)

  • Risky assets such as stocks, oil and copper fall ahead of first presidential debate, while gold and government bonds gain.
  • “Overall, we’d advise to err on the side of caution today, given yesterday’s uneven risk rally which thrived on thin air,” KBC analysts said in a note
  • S&P 500 heads for biggest monthly slide since March, as investors shunned technology and banking stocks, while the dollar is at a two-month high.
  • Visit Business Insider’s homepage for more stories.

Stocks fell in Europe on Tuesday, as investors ditched riskier assets, such as industrial commodities and took some profit on the dollar’s two-month highs ahead of the first of three presidential debates later in the day and as the global coronavirus death toll passed 1 million.

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Incumbent Republican candidate Donald Trump faces Democrat opponent Joe Biden later in the day in the first of three televised debates running up to the November 3 election. 

Investors in stocks have grown increasingly nervous about the race for the White House and, in particular, over the prospect of a delay to the final result, which has been partly responsible for the 4% drop in the S&P 500 this month and the flow of cash into the dollar.

“Historically the debate isn’t a big market moving event,” Fiona Cincotta, a strategist at spread-better CityIndex, said. “However, given the backdrop of coronavirus and a record breaking contraction in Q2, the public could be more easily swayed than in other years and investors could be twitchier than usual, meaning

(Bloomberg) — Asian stocks consolidated at the open Tuesday amid end-of-month portfolio adjustments. The dollar extended losses.

Stocks fell in Japan, and rose in Australia and South Korea. S&P 500 futures edged higher. Banks led the S&P 500 Index to its biggest gain in two weeks as investors found buying opportunities after the gauge fell to its lowest since July last week. HSBC Holdings Plc added almost 9% after its biggest shareholder raised its stake, while an index of lenders rose the most a month. Shares in Europe rose the most in three months. Treasuries were little changed.



chart: U.S. equity benchmarks up for third straight day


© Bloomberg
U.S. equity benchmarks up for third straight day

As U.S. fiscal stimulus talks are ongoing, traders are turning cautious ahead of the November election. The markets also are awaiting the first presidential debate Tuesday as well as the employment report Friday to gauge how the world’s biggest economy is transitioning through the Covid-19 pandemic.

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“We definitely need another round of stimulus here, not only for confidence for the American public and workers, but also for the markets,” Michelle Connell, owner and president of Portia Capital Management, said on Bloomberg Television. “Going into this election, that would definitely help. I’d expect the markets to be weak, volatile, and have some downside here as we’re waiting to find out who our next president is.”

Here are some key events coming up:

On Tuesday, the first U.S. presidential debate will take place between President Donald Trump and Democratic opponent Joe Biden.China purchasing manager indexes are due Wednesday, and expected to show September manufacturing improved slightly while non-manufacturing moderated from August’s level.The EIA crude oil inventory report comes out Wednesday.The September U.S. employment report on Friday will be the last before the November election.

These are the main moves in markets:

Stocks

(RTTNews) – Stocks moved sharply higher during trading on Monday, extending the strong upward move seen in the previous session. The major averages all climbed firmly into positive territory amid broad based strength on Wall Street.

The Dow jumped 410.10 points or 1.5 percent to 27,584.06, the Nasdaq spiked 203.96 points or 1.9 percent to 11,117.53 and the S&P 500 surged up 53.14 points or 1.6 percent to 3,351.60.

The strength on Wall Street came following a rally seen in the European markets, as traders picked up stocks at relatively reduced levels.

Traders seem to shrug off recent concerns about a surge in coronavirus cases and uncertainty about the U.S. presidential election.

The markets may also have benefitted from optimism about a new coronavirus bill after House Speaker Nancy Pelolsi said a new package is still possible. House Democrats plan to unveil a new $2.4 trillion coronavirus relief bill.

The price tag for the bill is $1 trillion less than a stimulus package the House passed back in May but may still be too high for Republicans.

Housing stocks showed a substantial move to the upside on the day, driving the Philadelphia Housing Sector Index up by 3.7 percent.

Significant strength was also visible among oil service stocks, as reflected by the 3 percent jump by the Philadelphia Oil Service Index.

The rally by oil service stocks came amid an increase by the price of crude oil, with crude for November delivery rising $0.35 to $40.60 a barrel.

Financial, semiconductor and networking stocks also saw considerable strength, moving higher along with most of the other major sectors.

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Japan’s Nikkei 225 Index jumped by 1.3 percent, while China’s Shanghai Composite Index edged down

Wharton School professor Jeremy Siegel told CNBC on Monday the stock market is likely primed for strong gains next year, regardless of whether President Donald Trump or Joe Biden occupy the White House. 

Siegel, who has been mostly bullish over the years, cited a number of reasons, including the increased money supply as a result of coronavirus stimulus efforts, the prospect of an improved Covid-19 situation and more robust worker productivity.

“I think the chances are this bull market can continue in the next year, just on those factors,” Siegel said on “Squawk on the Street.” “I think the market … is looking forward to a really good 2021 no matter who is president.”

Siegel’s comments come one day ahead of the first presidential debate between the Republican incumbent Trump and the Democratic nominee Biden, during which the U.S. economy and the damage to it caused by the coronavirus pandemic are likely to be in focus.

Wall Street is increasingly watching the presidential race and its implications for the business and investment communities. Biden, vice president to Trump’s predecessor Barack Obama, has proposed raising corporate tax rate to 28% from 21%, which is where the Trump-backed GOP tax law from 2017 set the rate. It had previously been 35%. Biden also wants to hike the tax rate on long-term capital gains. 

Trump has suggested the proposed tax increases would be detrimental to the stock market, claiming it would “drop down to nothing” if those policies were implemented. Trump frequently touts the gains made in equity markets under his presidency. Even with September’s swoon, the S&P 500 was up 54% from Election Day 2016 to Friday’s close.

While some of Biden’s supporters on Wall Street readily predict the market would likely see initial declines, should he win, Democratic donor and former