ChartLabPro.com has updated its list of the strongest names in the S&P 500
(INDEXSP:.INX). These names are up 43.13% vs. the S&P 500’s 17.41% year-to-date. The dichotomy continues between the strength of consumer spending that drives prices higher in consumer related stocks, and the lack of capex spending on the enterprise technology side. Hindsight is 20/20, but we have been long outperformers like Sherwin-Williams Company
(NYSE:SHW) for 258 days, Wal-Mart
(NYSE:WMT) for 149 days, Amgen
(NASDAQ:AMGN) for 125 days, and Comcast Corporation
(NASDAQ:CMCSA) for 127 days. The only technology company on the list is Iron Mountain
Ratings are as follows: 1 Strong Sell, 2 Sell, 3 Hold, 4 Buy, and 5 Strong Buy.
ChartLabPro.com's algorithm has been in use for 13 years combining both statistical and quantitative analysis to run institutional money.
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No positions in stocks mentioned.
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