Suzano (SUZ) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Iron Mountain (IRM), Suzano (SUZ), PulteGroup (PHM), TE Connectivity (TEL) and Valero (VLO) are some of the stocks with high ROE to profit from as markets remain on the edge before Fed policy meeting.
Suzano (SUZ) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.