The last two weeks have seen the markets take a rollercoaster ride, that’s for sure. The sudden insolvency and failure of Silicon Valley Bank, and the Federal closures of Signature and Silvergate banks, have triggered worries of an old-fashioned bank run. An announcement by Credit Suisse, that it was having difficulty accessing capital, fed fears that even the major banking names would not be immune to contagion.
President Biden and Treasury Secretary Yellen have made it clear that account holders of SVB and Signature ‘would be made whole,’ but uncertainty remains around other regional banks. And no one knows just how the Federal Reserve will react, via interest rate policy, at next week’s FOMC meeting.
It’s a confusing situation, one tailor-made for an intuitive data-parsing tool. The Smart Score at TipRanks, is just that – an AI-powered data collection and collation tool, that gathers and sorts the flood of statistical information generated by more than 8,500 publicly traded stocks. The tool then presents that data on an easy-to-use scale of 1 to 10, giving each stock a single digit score based on a distillation of 8 separate factors each of which has proven to match up with equity outperformance. A high Smart Score can’t guarantee that a stock will beat the market indexes – but it does give investors a strong clue toward positive performance, and the ‘Perfect 10’ stocks are always worth a closer look.
So let’s get this ball rolling. Using the Smart Score platform, we pinpointed two stocks that have earned the enviable “Perfect 10” Smart Score. Each also features a Strong Buy rating from the analyst consensus and double-digit upside potential for the coming year. It’s not just a perfect score, it’s a perfect combination of bullish indicators.
Array Technologies (ARRY)
We’ll start in the solar energy industry, with Array Technologies. This company specialized in solar tracker technology, the combinations of hardware and software needed to keep utility-grade photovoltaic panel arrays properly aligned with the sun, for maximum efficiency. Array’s flagship product, the DuraTrack system, is used in large-scale solar power projects, the types connected to public power generation utilities, and is considered a leading system in the solar tracker field.
Cutting edge companies in rapidly expanding fields will frequently run net losses – and as recently as 2H21, Array was not a net-profitable…
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