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US Markets - Growth - January 29, 2018
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.
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.
The following charts contain the stocks we think an investor should look at and have on their buy list.