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The 20 Strongest Names in the S&P 500


The once-dominating utilities sector is no longer on the list, while the services sector now features prominently.

MINYANVILE ORIGINAL has updated its top 20 strongest names in the S&P 500 (^GSPC) based on proprietary algorithm as of August 16. Year-to-date the top 20 names are up 38.64% vs. the S&P 500's 11.61%.

A notable trend over the last five days is that after three months of utilities dominating the top 20 names, there are no longer any utilities on the list. Conversely, the services sector has been on a fantastic run. Almost half the list is comprised of the services sector.

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For those of you who are not familiar with our rating system, 5 is a Strong Buy, 4 Buy, 3 Hold, 2 Sell, and 1 Strong Sell.

Back on August 9 when Sprint (S) was trading at $4.78 we said the stock wanted $5 and was approaching an overbought level and to wait for an overbought level to sell. Well today the stock has reached an overbought level. We do not use RSI as an indicator for overbought/oversold levels, which provides false signals.

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No positions in stocks mentioned.
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