After starting off the week in the red, U.S. stocks rallied today, with both the S&P 500 and Dow up nearly 2% today. A report showing that second-quarter productivity was revised to 3.3% eased investor tension. This followed the third largest one-day loss for the year on Tuesday and the worst start to September in 13 years.
Despite this latest rebound, the market remains volatile, so this isn’t the green light to jump back into aggressive trading. Recent estimates show that third-quarter earnings season isn’t looking to be strong; economists expect a 4.1% decline in earnings and 2.6% decline in sales. So, as we enter the historically weak month of September, it can be worth it to revisit any under performers and see if there are opportunities to sell into near-term strength.
And after running through the Portfolio Grader data, I noticed some great selling opportunities in the large cap arena. The following stocks are rated as strong sells and sells, but have been trending higher in recent days. This means that you should be able to sell in to the strength and table off some profit over the next few days.
If you’re interested in learning more about great selling or buying opportunities, you may want to consider checking out my Portfolio Grader tool.