Get the most from PowerRatings Top 25 Tech Stocks list
In a
recent article I covered Strategy 5, “Technology” in the
TradingMarkets PowerRatings Strategy Guide.
Technology stocks have provided investors and
traders many opportunities for profits. You only have to look at stocks like
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating) and Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) to know that these opportunities occur
over and over again. The “Top
25 PowerRatings Tech Stocks” list can help you find tech stocks that have a high
probability of outperforming the market.
That article covered ten stocks from the “Top
25 PowerRatings Tech Stocks” list. Let’s take a look to see how these
ten stocks performed over the five days after the article was written. The S&P
500 was -0.09% over the same five day period so the likelihood of seeing a
strong performance by these stocks is greatly diminished — remember
PowerRatings are based on the performance of a stock versus the S&P 500 over a
five day period.
All ten stocks are included in the table and chart below.
| Symbol | PowerRating | % Return | Symbol | PowerRating | % Return |
( JUPM | Quote | Chart | News | PowerRating) |
8 | -1.95 | ( AUDC | Quote | Chart | News | PowerRating) |
7 | 0.29 |
( ACS | Quote | Chart | News | PowerRating) |
8 | 1.35 | ( ASYT | Quote | Chart | News | PowerRating) |
7 | 1.86 |
( EXFO | Quote | Chart | News | PowerRating) |
8 | 10.03 | ( AMD | Quote | Chart | News | PowerRating) |
7 | 4.19 |
( XRTX | Quote | Chart | News | PowerRating) |
7 | 1.27 | ( ZBRA | Quote | Chart | News | PowerRating) |
6 | -3.16 |
( OVTI | Quote | Chart | News | PowerRating) |
7 | -1.73 | ( UTEK | Quote | Chart | News | PowerRating) |
6 | -6.74 |
As expected the performance is mixed There are a couple of stocks that stand
out, EXFO (+10.03%) and AMD (+4.19%) while most of the remaining stocks were
plus or minus about 1%. Notice that the two stocks with PowerRatings of 6, ZBRA
(-3.16%) and UTEK (-6.74%) were the worst two performers. This highlights one of
the main points we try to emphasize: “Focus on stocks with a PowerRating 7 or
higher” (see Strategy 1 in
TradingMarkets PowerRatings Strategy Guide).
So assuming you scratched ZBRA and UTEK from your watch list of potential buy
candidates, your chances of catching the two best stocks improve greatly, along
with the overall performance.
To learn more about how to select the best PowerRatings stocks I recommend you
attend TradingMarkets Director of Education Steve Primo’s Advanced PowerRatings
Class (click
here for more details).
Click here
to take a free trial of
PowerRatings.
You can also
attend a free
class on how to use
PowerRatings
presented by Steve Primo, our Director of Education.
Ashton Dorkins
Editor-in-Chief