Monthly Picks – August
Monthly Picks – August
We bring you again an overview of stocks with the highest growth potential during this month. The stocks have been evaluated according to more than 2200 different indicators rated in our model. Thanks to our analytical work, we can evaluate these companies, compare them with each other, and bring you great investment opportunities. We also add an up-to-date article about each company with information about their financial results. We bring you again an overview of stocks with the highest growth potential during this month. The stocks have been evaluated according to more than 2200 different indicators rated in our model. Thanks to our analytical work, we can evaluate these companies, compare them with each other, and bring you great investment opportunities in our newsletter. We also add an up-to-date article about each company with information about their financial results.
Among the stocks that have high potential to grow in August are:
Bristol-Myers Squibb Company (BMY)ranked 5th on our list
It is an American biopharmaceutical company that discovers and develops innovative medicines and helps patients to fight several diseases. Its branch offices are all over the world.
The company is ranked 5th, mainly thanks to an excellent rating of the PTBV indicator in the last 252 days, in which the company was among the TOP 15 analyzed companies.
Price to tangible book value (PTBV) compares the company’s market capitalization to all of its assets minus intangible assets (intellectual property, goodwill) and liabilities. Stocks with a lower PTBV ratio are viewed as better buying opportunities than those with high PTBV. This indicator currently has the highest weight in our model among all the indicators.
Read the article: Bristol Myers Squibb (BMY) Q2 Earnings and Revenues Surpass Estimates
ConocoPhillips (COP)ranked 10th on our list
ConocoPhillips is Alaska’s largest crude oil producer and one of the biggest energy companies in the world. The company focuses on crude oil and natural gas. Its production is more than 1,567 thousand barrels of oil per day.
It was placed high in our ranking mainly thanks to the momentum indicator. ConocoPhillips had the second highest momentum of all the evaluated stocks. This company seems to be a good investment opportunity thanks to the significant increase in this indicator.
Momentum measures the speed at which a stock’s price changes. High positive momentum indicates a great chance that a stock’s price will continue in its upward trend.
Read the article: Top Energy Stocks for August 2022 (investopedia.com)
American International Group (AIG)ranked 13th on our list
AIG is an American financial company that employs nearly 50,000 people worldwide. It focuses mainly on insurance and tries to use modern technologies in this area. AIG offers property casualty insurance, life insurance and other financial services.
The company achieved good results in many indicators, for example, the CCI indicator. CCI has a relatively high weight in our model. In this indicator, the company achieved above-average results.
Volume CCI is a technical indicator that compares an asset’s current volume to its historical volume.