5 Ranked Stocks that Made Our Watchlist Last Quarter :: InvestMacro

By InvestMacro Research

The fourth quarter of 2024 is under way and with the bulk of earnings reports still to come we wanted to highlight some of the top companies that had been added to our Cosmic Rays Watchlist from the last quarter.

The Cosmic Rays Watchlist is the output from our proprietary fundamental analysis algorithm that examines company fundamental metrics, earnings trends and overall sector strength trends. The aim is identify quality dividend-paying companies on the NYSE and Nasdaq stock exchanges. If a company scores over 50, it gets added to our Watchlist for further analysis.

We use this system as a stock market ideas generator and we continuously update our Watchlist every quarter.

However, be aware the fundamental system does not take the stock price as a direct element in our rating so one must compare always each idea with their current stock prices (this is not a timing tool).

Many studies are consistently showing overvalued markets and that has to be taken into consideration with any stock market idea.

As with all investment ideas, past performance does not guarantee future results and, any stock added to our Watchlist is not a recommendation to buy or sell the security.

Here we go with 5 of our Top Stocks scored in Q3 2024:

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Oshkosh Corporation (OSK):

Oshkosh Corporation (Symbol: OSK) was recently added to our Cosmic Rays WatchList. OSK scored a 82 in our fundamental rating system on August 1st, 2024.

At time of writing, only 0.80% of stocks have scored a 80 or better out of a total of 9,639 scores in our earnings database. This stock has made our Watchlist a total of 5 times and actually decreased by -5 system points from the previous update.

OSK is a Medium Cap stock and part of the Industrials sector. The industry focus for OSK is Agricultural Machinery. The company is a designer and manufacturer of specialty vehicles, electric vehicles and intelligent products.

Company Website: https://www.oshkoshcorp.com

Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Oshkosh Corporation (OSK)	10.3	16.51	1.22
– Benchmark Symbol: XLI	29.2	37.2	1.1

 

* Data through October 24, 2024

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The Hartford Financial Services Group, Inc. (HIG):

The Hartford Financial Services Group, Inc. (Symbol: HIG) was recently added to our Cosmic Rays WatchList. HIG scored a 73 in our fundamental rating system on July 26, 2024.

At time of writing, only 2.06% of stocks have scored a 70 or better out of a total of 9,639 scores in our earnings database. This stock has made our Watchlist a total of 5 times and decreased by -8 system points from our last update.

HIG is a Large Cap stock and part of the Financial Services sector. The industry focus for HIG is Insurance. The company provides diversified insurance and financial services in the US, UK and internationally.

Company Website: https://www.thehartford.com

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Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: The Hartford Financial Services Group, Inc. (HIG)	11.3	70.71	0.92
– Benchmark Symbol: XLF	21.2	46.4	1.0

 

* Data through October 24, 2024

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Novartis AG (NVS):

Novartis AG (Symbol: NVS) was recently added to our Cosmic Rays WatchList. NVS scored a 53 in our fundamental rating system on July 19, 2024.

At time of writing, only 8.41% of stocks have scored a 50 or better out of a total of 9,639 scores in our earnings database. This stock has made our Watchlist a total of 5 times and still made the Watchlist despite falling by -32 system points since our previous update.

NVS is a Mega Cap stock and part of the Healthcare sector. The industry focus for NVS is Drug Manufacturers – General. The company develops and manufactures healthcare products globally.

Company Website: https://www.novartis.com

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Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: Novartis AG (NVS)	23.3	19.38	0.49
– Benchmark Symbol: XLV	25.3	18.63	0.7

 

* Data through October 24, 2024

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EMCOR Group, Inc. (EME):

EMCOR Group, Inc. (Symbol: EME) was recently added to our Cosmic Rays WatchList. EME scored a 60 in our fundamental rating system on July 26, 2024.

At time of writing, only 4.80% of stocks have scored a 60 or better out of a total of 9,963 scores in our earnings database. This stock has made our Watchlist a total of 4 times and rose by 8 system points from the previous update.

EME is a Large Cap stock and part of the Industrials sector. The industry focus for EME is Engineering & Construction. EME is a fortune 500 company that provides mechanical & electrical construction as well as industrial and energy infrastructure mostly in the US and UK.

Company Website: https://www.emcorgroup.com

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Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: EMCOR Group, Inc. (EME)	24.4	129.86	1.06
– Benchmark Symbol: XLI	29.2	37.2	1.1

 

* Data through October 24, 2024

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PepsiCo, Inc. (PEP):

PepsiCo, Inc. (Symbol: PEP) was recently added to our Cosmic Rays WatchList. PEP scored a 66 in our fundamental rating system on October 10, 2024.

At time of writing, only 4.86% of stocks have scored a 60 or better out of a total of 9,639 scores in our earnings database. This stock has made our Watchlist a total of 2 times and rose by 28 system points from the previous update.

PEP is a Mega Cap stock and part of the Consumer Defensive sector. The industry focus for PEP is Beverages – Non-Alcoholic. The company is a major manufacturer and global distributor of numerous beverages as well as convenient foods with major brand names.

Company Website: https://www.pepsico.com

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Asset vs Sector Benchmark:	*P/E Ratio (TTM)	*52-Week Price Return	*Beta (S&P500)
– Stock: PepsiCo, Inc. (PEP)	25.5	6.38	0.54
– Benchmark Symbol: XLP	27.8	20.11	0.6

 

* Data through October 24, 2024

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All information, stock ideas and opinions on this website are for general informational purposes only and do not constitute investment advice. Stock scores are a data driven process through company fundamentals and are not a recommendation to buy or sell a security.