TSC Ratings' Updates: Goldman Sachs

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments and competitive dynamics that may affect the company.

For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall research.

The following ratings changes were generated on Monday, June 30.

H&R Block (HRB Quote - Cramer on HRB - Stock Picks), a financial services company, was upgraded to buy. The company provides tax, investment, mortgage and accounting and business consulting services and products.

Quarterly revenue rose 11% over the same period one year prior. Net income increased 735% over the prior-year quarter, rising from -$85.56 million to $543.56 million. Net operating cash flow has significantly increased by 63% to $3.58 billion when compared to the same quarter last year.

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