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Volatility has hit an all time high this week. The stock market is swinging wildly due to economic dislocation and simple fear. These factors are being countered by massive intervention by the world's Central Banks and regulators.
It's a tug of war between negative business cycle forces and the world's government's financial leadership. These types of conditions require powerful tools to locate stocks most likely to thrive over the long term. Our Long Term PowerRatings are one such tool.
PowerRatings are based on a 12 year study of over 5 million 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, its viewed one year ahead from that day not simply on the day it is 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 the stocks our community have a close eye on:
Clean Harbors (CLHB | Quote | Chart | News | PowerRating) - This 6 Long Term PowerRated stock is the North America's leading provider of waste management services. They serve over 45000 customers across the United States and Canada. Record results were just announced for the second quarter with revenue being up 11.1%, income climbed 26,3% and net income attributed to common shareholders soared 43.8%. Technically the company stock is near support at 55, then support appears to be around 50 once again.
Mccormick & Company (MKC | Quote | Chart | News | PowerRating) - This spice, flavoring and specialty food company earned a 9 rating. It is outperforming the Packaged Food Industry sector which has a Long TermPower Sector Rating of 8. MKC just completed an acquisition of its competitor Lawry's from Unilever. In addition, on July 31, they reported strong growth and profits reflected in an 11% increase in sales and an 11% increase in Earnings Per Share. Technically, support appears around the 36 level then again at 34.
Citigroup (C | Quote | Chart | News | PowerRating) - Here is an example of a stock prudent and conservative long term investors should avoid. It has the lowest possible Long Term Power Rating of 1. This struggling financial giant has been down trending for months and has recently become very volatile. They are involved in a major lawsuit currently regarding their attempted purchase of Wachovia.
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Learn what you need to know as an active investor looking to invest in companies with a history of financial strength and a track record for growth. Click the link above or call us at 888-484-8220 extension 1 to get your copy of the "5 Secrets to Successful Stock Investing" today!
David Goodboy is Vice President of Marketing for a New York City based multi-strategy fund.
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