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Long Term PowerRatings
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This week's scan of the PowerRating most requested stocks produces several interesting and newsworthy names across a variety of sectors and ratings. Stocks spanning the spectrum from 1 to 10 appear on the scanner today.
PowerRatings are based on 13 years of extensive research into millions of trades across most market conditions and environments. Unlike other research of this type, we used statistically valid methods and every day is equally weighted. This means if a stock has earned a 10 rating, every day it has the 10 rating, the stock is viewed one year ahead from that day not simply on the day it was first awarded the rating. This makes Long Term PowerRatings a truly dynamic tool for choosing stocks and evaluating your long term portfolio.
Let's take a closer look at a few of higher rated stocks our community have a close eye on:
Campbell Soup (CPB | Quote | Chart | News | PowerRating) - This leading packaged food company is the number ranked stock on the screener with the highest possible rating of 10. While best known for their canned soup products, the company produces and markets a wide variety of other food related items. Investors are anxiously awaiting the fourth quarter earnings that will be released tomorrow, September 11th. Fiscal third quarter has improved with EPS up 12%. They gave positive guidance into the rest of 2009 with EPS growth expected to be at the high end of 5-7%. Technically, price has been uptrending since April 27th. Price has broken out above the $31.50/share double top resistance level and is currently pushing against the $32.50/share area. This thrust is likely due to optimism about Friday's earnings.
Apple Inc (AAPL | Quote | Chart | News | PowerRating) - Another top ranked company on the scanner with a 9 Long Term PowerRating. CEO and visionary leader, Steve Jobs, has just made his first appearance after undergoing a liver transplant so the company is front page news. They reported strong fiscal 3rd quarter results with revenues climbing 12% and net profit increasing by 15%. On the chart, shares have been uptrending since mid May. However, the $171.00/level is proving difficult to break on the upside where a potential double top has formed.
American International Group (AIG | Quote | Chart | News | PowerRating) - This insurer has earned just a 2 Long Term PowerRating, the second lowest possible rank. The 2 rating is for good reason. Shares have been extremely volatile. Fortunately for the shareholders, the volatility has been mostly positive. It could have as easily been in the opposite direction crushing the long term holders and even those unfortunate to have just bought into the company. Truth is, the type of volatility witnessed, is simply wise to be avoided by prudent long term investors. The 2 Long Term PowerRating acted as a warning to our community. This is not the type of stock that is prudent to have in your long term portfolio regardless of the recent huge gains.
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David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund.
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