Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

An Update on the 20 Strongest Names in the S&P 500


Google, Gilead Sciences, Time Warner Cable, and Tesoro are names you should be watching.

MINYANVILLE ORIGINAL It's that time of the week when brings you its proprietary S&P 500 market internals and names you should be watching. We will be reviewing the strongest S&P 500 (INDEXSP:.INX) companies by sector, the 20 strongest S&P 500 names, and the correlation of the 20 strongest stocks to the S&P 500.

Before we talk about the strongest names in the S&P 500, let us first tell you about's proprietary rating system. This algorithm does not use the standard MACD and moving averages. We feel that looking at the same technical data provides little edge over other market participants. This algorithm has been used for the last 13 years running institutional money. The ratings are as follows: Strong Sell (1), Sell (2), Neutral (3), Buy (4), and Strong Buy (5).

The first chart, which is seen below, references the one to five day trend of the strongest 20 names in the S&P 500 by sector. "Strongest" does not mean the highest percentage of return or performance.

Click to enlarge

Below we have the top 20 names in the S&P 500. This chart shows seven names that are approaching overbought. At an approaching overbought level, we reduce exposure 50% and remain long until either a rating change occurs or an overbought level is reached. These names include Gilead Sciences, Inc. (NASDAQ:GILD), Time Warner Cable (NYSE:TWC), and Tesoro (NYSE:TSO). One widely held name, Google (NASDAQ:GOOG), was approaching overbought on September 20. As of the close yesterday, it went back to a neutral rating and is not overbought at this juncture.

Click to enlarge
< Previous
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos