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Energy, technology and consumer stocks have been dominating the news this week. Here are the top ranked stocks in the 3 primary indexes for today.
DJIA- The standard bearer of US stock indexes has several interesting high Long Term Power Rated stocks. I find these two quite interesting right now:
Coca Cola (KO | Quote | Chart | News | PowerRating)- This consumer beverage company carries 3.52% of the DJIA. It has a Long Term PowerRating of 9 and its industry group has earned a power rating of 10. It has pulled back a little on Monday, and appears that a possible base is being built on the chart.
Walt Disney (DIS | Quote | Chart | News | PowerRating)- The company that fathered Mickey Mouse is coming in with a Long Term Power Rating of 8 in the Entertainment Industry which holds an Industry Power Rating of 10. Disney owned Pixar Studios release Wall-E had an impressive showing this week, coming 6th in overall ticket sales. Its appears to be coming off a short term low and heading back to the highs on the chart.
Nasdaq 100 - The bastion of technology and successful start ups, this index contains several Power Rated 10 sectors with 7 rated top stocks within the sectors. Here are the two that jumped off the chart to me:
Paychex (PAYX | Quote | Chart | News | PowerRating) - The payroll and benefit integrator company was up nicely on Monday after reporting higher quarterly profits earlier in the month. It’s been uptrending with wider range in July and appears to be in a sustainable uptrend here. It has earned a Long Term Power Rating of 7 within an industry ranked 10.
Symantec (SYMC | Quote | Chart | News | PowerRating) - Another 7 ranked stock in an industry ranked 10. The semi conductor manufacturer appears to be potentially building a base around 19 on the chart and may be getting ready for another run up to the highs of 22.
S&P 500 - This broad based barometer of US economic health contains eleven PowerRated 9 stocks in industries with the coveted 10 ranking. Here are two that look worthy of the 9 rankings:
Colgate Palmolive (CL | Quote | Chart | News | PowerRating) - The giant personal products company has a Long Term Power Rating of 9 in an industry with a 10 rating. It appears to be consolidation around the 70 level and may be building a base for another assault on the highs. This one is worth watching.
Kraft Food (KFT | Quote | Chart | News | PowerRating) - The world’s #2 Food maker and one of Warren Buffets primary holdings earned at 9 Long Term Power Rating in an industry rated 10. The stock came off of a steep downtrend in June, and seems to bouncing off of the late June lows and heading higher in July.David Goodboy is Vice President of Marketing for a New York City based multi-strategy fund.
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