3 Upgraded Stocks To Buy In May

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One of the many benefits of our proprietary POWR Ratings system is the upgrades page. This page shows us which companies are improving from a growth and quality standpoint. This is reflected in higher grades in our ratings system. While we recommend investors only buy stocks that are rated a Buy or Strong Buy, picking up a recently upgraded Buy stock allows investors to get ahead of the game.

Many stocks get upgraded daily, which is why it’s important to focus on stocks with the best prospects. That’s why I like to take a qualitative approach to find catalysts that will drive shares up. One feature that I’m particularly keen on is a company that is a leader in its industry. These types of companies are typically one of, if not the largest, and most recognized brands in their space.

So, I ran a screen to find recently Buy-rated upgraded stocks that were leaders in their respective industries and offered the potential for growth in the months ahead, and these three top stocks were leading the pack: Starbucks Corporation (SBUX), Sherwin-Williams Company (SHW), and Stryker Corporation (SYK).

Starbucks Corporation (SBUX)

SBUX is one of the most widely recognized coffee and restaurant brands globally, with over 32,000 stores across 83 countries. In addition to its own retail stores, the company generates revenues through licensed stores, consumer packaged goods, and foodservice operations. SBUX sells packed coffee and tea products to grocery, warehouse clubs, and specialty retail stores.

As one of the most recognized coffee brands in the world, the company has been able to increase global market share by opening stores in new and existing markets and remodeling existing stores. SBUX has also allied with Swiss food giant Nestle SA (NSRGY), which gives the latter perpetual rights to market SBUX products. This should expand SBUX’s global reach in the consumer-packaged goods segment.

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