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.

Salesforce.com Makes the Top 20 Strongest Names in S&P 500 List

By

Plus, Morgan Stanley becomes a 'strong buy' and Apple is still waiting for a catalyst.

PrintPRINT
MINYANVILLE ORIGINAL We wanted to end the week looking at the broad S&P 500 (INDEXSP:.INX). First we have the strongest names in the S&P 500 based on our proprietary algorithm. The graph breaks down the five-day trend to one day, showing the shift between sectors.


Click to enlarge

Salesforce.com (NYSE:CRM), a name that we highlighted around $158 on Nov. 30 as being one of the strongest tech names, is now on the top 20 strongest names list.


Click to enlarge

Another interesting name to move to a Strong Buy (or 5 rating) is Morgan Stanley (NYSE:MS). It is not even in the top 50 strongest names in the S&P 500 as seen in the heat map below, however, it's worth a mention.


Click to enlarge

Here we have a representation of all five of our ratings displayed via a heat map. This is a good graphical representation of how our algorithm grades widely-held S&P 500 names.


Click to enlarge

Lastly, everyone is panicking about Apple (NASDAQ:AAPL). We mentioned Tuesday not to own this name but rather to wait for a catalyst. And we offered two possible catalysts -- a rating increase from Strong Sell to at least a Hold (3 rating), or an Oversold level. At this juncture it looks like we wait for an Oversold alert. Many of us love Apple products, but don't confuse great products for great valuation.


Click to enlarge

For more from ChartLabPro.com, click here.
< Previous
  • 1
Next >
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.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE