The market is in holiday mode, which means thereâs no trading volume since many traders are packing up early to get a head start on the holiday weekend.
Quant Ratings Updated on 77 Stocks The InvestorPlace offices and customer service department will be closed this Thursday and Friday. I will be back in touch with your next Market 360 article on Saturday, November 26. I hope you have a safe and happy Thanksgiving! | |
Dear Tejas, The market is in holiday mode, which means there’s no trading volume since many traders are packing up early to get a head start on the holiday weekend. So, I would take any volatility we experience on Wednesday or Friday (remember, the stock market is open until 1 p.m. on Friday) with a grain of salt. Now, while some traders may have called it a day already, that doesn’t mean that you shouldn’t continue to fine-tune your portfolio ahead of the end of the year. The reality is there’s a major leadership change currently underway, as the top end of the S&P 500 is faltering due to a strong U.S. dollar pinching profits at most multinational companies. There’s also been net selling in some big flagship stocks. As you may recall from this third-quarter earnings season, the Googles, the Amazons, the Metas, and even the Microsofts continued to provide lower guidance. So, we’re going to see those stocks come under persistent selling pressure. This is why it’s no surprise that they continue to hold lowly grades in my Portfolio Grader. Now, they’re not the only stocks that have fallen in rank in my Portfolio Grader. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health over the weekend, I decided to revise my Portfolio Grader recommendations for 77 big blue chips. You can get a quick peak at the first 10 of the stocks that were downgraded from a Hold (C-rating) to a Sell (D-rating). Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly so your portfolio is well positioned to profit from the big leadership change. For the full list of 77 stocks – including their Quantitative and Fundamental Grades – click here. BALL | Ball Corporation | D | COF | Capital One Financial Corp | D | DDOG | Datadog Inc Class A | D | GFL | GFL Environmental Inc | D | IFF | International Flavors & Fragrances Inc. | D | INTU | Intuit Inc. | D | INVH | Invitation Homes, Inc. | D | LYV | Live Nation Entertainment, Inc. | D | MSFT | Microsoft Corporation | D | POOL | Pool Corporation | D |
If you’re wondering who the next big leaders will be, the answer is easy: energy stocks. | | | | | | | |