Sometimes, what goes down must come up. After more than 5 months of losses to start the year, we’ve just had some 6 weeks of gains, featuring a 13% rebound in the S&P 500 and a 19% jump in the NASDAQ.
We still don’t know if this rally will be a short-term phenomenon in a larger bear market, or if it will turn out to be a more sustained bull run – but either way, investors can turn to the data to find solid stock choices.
But which data? If there’s one thing always certain in the stock market, it’s that trading activities generate mountains of information. This is where the TipRanks Smart Score comes in. This data gathering and collation tool brings together the facts on every stock, compiled and organized according to 8 factors, each one known to correlate with stock price performance, and distills them down into a single score on a scale of 1 to 10. Investors can tell at a glance where the stock stands – a score 1 or 2 shows an abundance of problems, while a 9, or a ‘Perfect 10’ shows a stock that stands out for the right reasons.
So let’s take a dive into the Smart Scores, and find a couple of Perfect 10 choices for investors to consider. These are stocks that feature a suite of positive attributes: a Strong Buy consensus rating from the analysts, a considerable upside potential, and that Perfect 10 Smart Score, based on ticks in multiple data boxes.
The first stock we’ll look at is Tronox, a company that straddles the mining, metals, and industrial dye industries. Tronox focuses its mining activities on the discovery and production on titanium ores, as well as zircon, which it can then process and use in the production of titanium dioxides and chemical sands. These last two are vital ingredients in the industrial dye sector, for which Tronox is a major supplier. The company’s products are used in the manufacture of paints, plastics, and papers, and the byproducts are themselves useful, in the production of gypsum and caustic sodas.
Tronox has mining and manufacturing facilities on every continent except…