Zacks.com featured expert Kevin Matras highlights: Grifols, Paragon Shipping, Guidewire Software, ABM Industries and The Hanover Insurance Group PR Newswire CHICAGO, March 13, 2014 CHICAGO, March 13, 2014 /PRNewswire/ --Stocks in this week's article include: Grifols (NASDAQ: GRFS – Free Report), Paragon Shipping (NASDAQ: PRGN – Free Report), Guidewire Software (NYSE: GWRE – Free Report), ABM Industries (NYSE: ABM – Free Report) and The Hanover Insurance Group (NYSE: THG – Free Report). Kevin Matras shows why stocks with new analyst coverage are stocks you want to have. Zacks Investment Research, Inc., www.zacks.com. Screen of the Week written by Kevin Matras of Zacks Investment Research: Broker recommendations -– love them or hate them, they do have their place. And we all look at them eventually. One of the things that generate analyst coverage is investor interest. And as new coverage is initiated, it becomes more visible, which in turn means potentially more demand (read higher prices). This is often the case because analysts almost always initiate coverage with a positive recommendation. (Why write a research report on a company not widely followed only to say it stinks?) And when it comes to companies with little to no analyst coverage, that one new recommendation can sometimes give portfolio managers the validation they need to build a position. (And the more money they can invest, the more they can potentially influence prices.) The best way to use this information is to look for companies with analyst coverage that has increased over the last 4 weeks. Simply look at the number of analyst recommendations now in comparison to the number of analyst recommendations 4 weeks ago. An increase in coverage is bullish whereas a decrease in coverage is bearish. It's typically more bullish if the increase went from none to one or if the coverage was minimal to begin with. (Going from 25 to 26 isn't going to have the same impact because that 26th analyst isn't discovering something 'new'.) But increased coverage is better than decreased coverage –- assuming the coverage is positive of course. Here's a screen to try: For the rest of this Screen of the Week article please visit Zacks.com at: http://www.zacks.com/commentary/31651/ Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: http://at.zacks.com/?id=111 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. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. 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Zacks.com featured expert Kevin Matras highlights: Grifols, Paragon Shipping, Guidewire Software, ABM Industries and The Hanover
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