US Markets - Growth - January 29, 2018

publication date: Jan 29, 2018

Cerundolo Investment Research    

US Markets Update  

Volume 2, Issue 2
January 29, 2018

Download PDF Version here


Items of Interest: 

  • Trend structure for the S&P 500 Growth Index remains very good, but stretched on a momentum basis.
  • We do like many of the top-ranked stocks in this index using our multi-factor ranking model, such as ADBE, NOC, NVDA and ALGN, but we thought it would be helpful to highlight a basket of stocks that are scoring well and improving.
  • The stocks presented here have favorable to improving scores, and where relative performance is a key model input, you will see towards the end that there are some stocks with a very good absolute trend, but the relative needs to improve.

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    Of the 290 constituents of this ETF, 20 stocks have a score of 10 which is at the top end of the scale of 0 to 10. Absolute and trend structure remains very good and we don’t have distributive price patterns at this point. The other stocks with a score of 10 are: GOOGL, UNH, V, AOS, AMZN, CBOE, MA, NFLX, MSFT, TSS, HD, ISRG, WAT, MCO, BDX and MMM. The top tier scoring stocks are those with a score of 7 or higher, if you are interested in that list or the complete ranking, please let us know.

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    The following charts contain the stocks we think an investor should look at and have on their buy list.

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