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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. However, the majority of names are in the lower ratings. PowerRatings are based on 14 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:
Microsoft (MSFT | Quote | Chart | News | PowerRating) - This king of software companies is the highest ranked stock on our most requested screener today with a 7 Long Term PowerRating. They are best known for the monster success of the Windows operating system and their founder Bill Gates. This fiscal year, ending in June, the major fundamental metrics were down across the board. However, they did up the dividend 7 cents. Technically, shares have been uptrending since mid June. However, they have exhibited a series of erratic bursts, gaps and falls during this time. $25.50/share appears to be solid technical resistance with price approaching this figure once again. Shaky support appears at $23.00/share.
Bank of America (BAC | Quote | Chart | News | PowerRating) - This money center bank has hit the most requested screener in the number 1 position. It has earned just a 3 Long Term PowerRating. The company has been in the news over the last several days as 5 of their executives have been subpoenaed to testify concerning the Merrill acquisition. All the main metrics were down this quarter. There is much unknown about the future course of this company given the present situation. On the chart, a steep uptrend is in place with resistance at $18.00/share.
Citigroup (C | Quote | Chart | News | PowerRating) - Another beat down volatile financial institution that has earned a 3 Long Term PowerRating. Net income is substantially higher last quarter and has been exhibiting a nice upward trend. EPS has turned positive last quarter after being negative for quite some time. The stock is well off its lows but price has hit resistance in the $5.25/share range falling back to $4.25. Nearby support exists at the 50-day SMA currently resting at $3.88/share.
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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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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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