Find Tech Stocks Likely to Outperform the Market
Today’s
PowerRatings article will focus on highly rated stocks from the Nasdaq 100.Â
The Nasdaq Composite Index has been leading all the major indices over the last
13-weeks. It is up 13.73% over that period compared to 9.74% for the Dow. Trading these stocks will ensure that there will be adequate volume to get your
order filled in a timely manner. These should be kept on a watch list and
monitored.Â
From 1995-2005,
stocks with a PowerRating of 8 have outperformed the S&P 500
index on average by an 8.3-to-1 margin, while a PowerRating of 10 doubles that
performance to 16.3.
PowerRatings also help indicate a stock’s
downside as well as timely short-sale entry points; PowerRatings of 1 and 2 have
on average lost money over the next week. A PowerRating of 1 typically
underperformed the S&P 500 by a 5-1 margin. Obviously, you should ideally be
looking to buy high PowerRating stocks and avoid (or short) low PowerRatings
stocks.
Let’s take a look at today’s top 7 rated
Nasdaq 100 PowerRatings stocks:
Celgene Corp.
(
CELG |
Quote |
Chart |
News |
PowerRating)
XM Satellite Radio Holdings
(
XMSR |
Quote |
Chart |
News |
PowerRating)
Intuit Inc.
(
INTU |
Quote |
Chart |
News |
PowerRating)
Apollo GroupÂ
(
APOL |
Quote |
Chart |
News |
PowerRating)
Network Appliance
(
NTAP |
Quote |
Chart |
News |
PowerRating)
Activision Inc.
(
ATVI |
Quote |
Chart |
News |
PowerRating)
NII Holdings
(
NIHD |
Quote |
Chart |
News |
PowerRating)
You can
attend a free
class on how to use
PowerRatings,
presented by Steve Primo, our Director of Education.
Click here to
try
PowerRatings for yourself, risk free.
Darren Wong
Associate Editor
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Reminder: We are in no way recommending the purchase or short sale of these
stocks. This article is intended for education purposes only. Trading should be based on your own understanding of market conditions,
price patterns and risk; our information is designed to contribute to your
understanding. Controlling risk through the use of protective stops is critical.