3 Buy-Rated Stocks Poised To Soar Higher

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The POWR Ratings have been calculated, highlighting stocks worthy of an upgrade. The market bounced back toward the end of last week after a series of down days but has been mixed since. This might be a great time to scoop up stocks upgraded in the POWR Ratings as the economy is about to reopen fully.

All in all, more than a dozen stocks were recently upgraded. They are showing strength across the POWR components and are poised to move higher.

The following three upgrades are worth a closer look: Tempur Sealy International (TPX), Shuttershock (SSTK), and Computer Programs & Systems (CPSI).

Tempur Sealy International (TPX)

TPX develops, makes, and markets bedding products, mainly in North America. TPX makes everything from mattresses to pillows, adjustable bases, and other products used for sleep. Examples of TPX’s brands include Sealy, Tempur, Tempur-Pedic, Stearns & Foster, and Optimum. More TPX products will likely be sold as America’s housing boom continues.

TPX has an overall grade of A, which translates into a Strong Buy rating in the POWR Ratings system. The stock has a grade of A in the Growth component and Bs in the Quality, Momentum, and Sentiment components. Click here to find out how TPX fares in the remainder of the component grades, such as Value and Stability.

Of the 64 publicly traded companies in the Home Improvement & Goods industry, TPX is ranked in the top 10, slotting in at #9. You can find other top stocks in this industry by clicking here.

Analysts have established an average target price of $46.67 for TPX. If the stock moves to this level, it will have popped by 30%. Of the 11 analysts who have issued TPX recommendations, three consider it a Strong Buy, and four consider it a Buy. TPX has a fairly low forward P/E ratio of 14.10. 

Shuttershock (SSTK)

SSTK has emerged as one of the top worldwide marketplaces for digital images. SSTK makes it easy to purchase licensed photos, illustrations, vectors, and even videos. Search SSTK’s library for yourself, and you are sure to find something artful to feature on your website or other materials.

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