The POWR Ratings have been updated, making it quite clear there are plenty of buying opportunities. Take a look at the latest POWR Ratings upgrades for yourself, and you will find at least a couple of stocks worth adding to your portfolio.

Perhaps the only thing that is likely to stop the bullish momentum is the rapid spread of the Delta or Delta+ variant of COVID-19. However, booster shots will likely be available in the months and years ahead to combat virus variants.

Below, I provide a look at three of the most intriguing upgrades in Apache Corporation (APA), Bloomin' Brands (BLMN), and Golden Entertainment (GDEN).

Apache Corporation (APA)

APA is one of the top independent energy businesses in the world. Based in Houston, APA explores for, develops, and produces crude oil and natural gas. APA has operations in the United States, near the United Kingdom, Egypt, and elsewhere.

APA has a forward P/E ratio of 5.72. This is a low ratio that indicates APA is very underpriced. APA is a POWR Ratings beast with As in the Momentum and Quality components and Bs in the Sentiment and Value components. You can find out how APA grades in the rest of the components, including Growth and Stability, by clicking here.

Out of the 92 stocks in the Energy - Oil & Gas industry, APA is ranked third. Click here to find other top stocks in this industry. Analysts think highly of APA, setting an average target price of $27.86 for the stock. If APA hits this price target, it will have soared by 54%. The stock's average analyst price target has increased more than $15 in the prior 14 months.

Bloomin' Brands (BLMN)

BLMN is a casual dining restaurant business. The company's restaurants include Outback Steakhouse, Fleming's Prime Steakhouse, Bonefish Grill and Carrabba's Italian Grill. BLMN has a forward P/E ratio of 8.90. This is a very low ratio, so BLMN is clearly underpriced. 

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

Out of 46 stocks in the Restaurants industry, BLMN is ranked 5th. You can find more top stocks in this industry by clicking here. If analysts are correct, BLMN will reach its average target price of $33.86. A jump to the $33 level represents 34% upside potential. In the past 28 weeks, BLMN's average analyst price target has increased by $13.24.

Golden Entertainment (GDEN)

GDEN is a gaming business with gaming, casino, and lottery services. GDEN's gaming divisions include PT's Entertainment Group, Golden Casino Group, Golden Entertainment, and Golden Route Operations. GDEN has a forward P/E ratio of 10.06, so it appears undervalued. 

GDEN has an overall grade of A, translating into a Strong Buy rating in our POWR Ratings system. The stock has an A grade in the Sentiment and Growth components and Bs in the Value and Momentum components. You can find out how GDEN fares in the remainder of the components, including Quality and Stability, by clicking here.

Of the 31 publicly traded companies in the Entertainment - Casinos/Gambling industry, GDEN is ranked first. You can find other top stocks in this industry by clicking here.

APA shares were unchanged in after-hours trading Tuesday. Year-to-date, APA has gained 34.90%, versus a 19.18% rise in the benchmark S&P 500 index during the same period.

Patrick Ryan has more than a dozen years of investing experience with a focus on information technology, consumer and entertainment sectors. In addition to working for StockNews, Patrick has also written for Wealth Authority and Fallon Wealth Management.

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