3 Distributors Stocks to Buy Now

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This week, three distributors stocks are improving their overall rating on Portfolio Grader. Each of these rates an “A” (“strong buy”) or “B” overall (“buy”).

This week, Edgen Group Inc. Class A (EDG) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). The Company is a distributor of specialty products to the energy sector, including highly engineered steel pipe, valves, quenched and tempered and high yield heavy plate and related components. In Portfolio Grader’s specific subcategory of Equity, EDG also gets an A. For more information, get Portfolio Grader’s complete analysis of EDG stock.

United Rentals, Inc. (URI) shows solid improvement this week. The company’s rating rises from a C to a B. United Rentals is an equipment rental company that serves construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. The stock’s price of $78.23 is above the 50-day moving average of $74.10. For more information, get Portfolio Grader’s complete analysis of URI stock.

This week, Watsco, Inc. (WSO) pushes up from a C to a B rating. Watsco is an independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the United States. At $95.15, the stock is above the 50-day moving average of $94.58. For more information, get Portfolio Grader’s complete analysis of WSO stock.

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.


Article printed from InvestorPlace Media, https://investorplace.com/2014/01/3-distributors-stocks-to-buy-now-edg-uri-wso/.

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