How To Make Today's Surprising Market Move Work For You

Today may have been a federal holiday, but Wall Street opened for business as usual today. Good thing too, as the stock market closed up modestly today on cautious optimism that the Senate will hash out a deal to raise the federal debt ceiling and end the ongoing government shutdown.

Some investors clearly saw this as a signal to buy and I’m hopeful that this second wind will continue. Because all the while, third-quarter earnings season is shifting to the next gear, and this is opening up some prime buying opportunities. But as my long-time readers can tell you, before you buy any stock, you should always run it through my free Portfolio Grader ratings system. In Portfolio Grader, the Quantitative Grade you see measures the buying pressure. The Fundamental Grade you see evaluates the stock’s fundamentals. Blend those two grades together and what you get is the Total Grade.

To get a pulse on the latest buying opportunities (and the stocks you should now avoid), let’s look at the 43 big blue chips that have been upgraded and downgraded this weekend. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for each of the stocks listed below.

Upgrades

Last Week’s Holds, Now Buys

Symbol Company Name Quantitative Grade Fundamental Grade
BWA BorgWarner Inc. B B
CLX The Clorox Company B C
CVS CVS Caremark Corporation B C
DLTR Dollar Tree, Inc. B C
DOW The Dow Chemical Company B B
HMC Honda Motor Co., Ltd.  B D
KEY KeyCorp B C
LO Lorillard, Inc. B C
MFC Manulife Financial Corporation B D
NJ Nidec Corporation  B D
PAYX Paychex, Inc. B C
PSA Public Storage B B

Last Week’s Sells, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
BAP Credicorp Ltd. C D
BEAM Beam Inc. C C
CL Colgate-Palmolive Company C C
COV Covidien Plc D C
DTV DIRECTV C C
ENI Enersis S.A.  D B
NU Northeast Utilitites D B
SNY Sanofi  C D
TTM Tata Motors Limited  C C

Downgrades

Last Week’s Buys, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
AIG American International Group, Inc. C B
ALL The Allstate Corporation C B
DELL Dell Inc. B C
KMX CarMax, Inc. C B
LTD L Brands, Inc. C C
MHFI McGraw Hill Financial, Inc. C B
MUR Murphy Oil Corporation C C
NBL Noble Energy, Inc. C B
PUK Prudential plc  C C
STJ St. Jude Medical, Inc. C C

Last Week’s Holds, Now Sells

Symbol Company Name Quantitative Grade Fundamental Grade
CAG ConAgra Foods, Inc. D C
CEO CNOOC Limited  D B
CHK Chesapeake Energy Corporation D C
CHU China Unicom (Hong Kong) Limited  D B
CSX CSX Corporation D C
CXO Concho Resources Inc. D D
EBAY eBay Inc. D C
FAST Fastenal Company D C
LLY Eli Lilly and Company F B
M Macy’s Inc D C
PRU Prudential Financial, Inc. C D
SYT Syngenta AG  D C

Sincerely,

Louis Navellier

Louis Navellier

 

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