Perma-Bears Get Shocked & 3 PowerRatings Stocks
There is no question that things are improving, some would say drastically, in the economy. Yes, companies are being forced to change but the underlying bullish nature of the stock market is still in full effect.
While the perma-bears are taking every tiny bit of uncertain news, blowing it out of proportion in a negative fashion, the bulls are quietly buying the created pullbacks locking in profits.
If you look over the last 2 weeks, every spark of selling has been met by a barrage of buying pressure quickly carrying shares into positive territory. The strong slate of earnings from retailers this morning is a sure sign that the U.S. economy has turned the corner.
Leading retailer, Target Corp, announced this quarters profits being up an astounding 53.7%. Do it yourself big box home supply seller, Home Depot, beat analysts estimates while old time retailer, Sears witnessed their profits doubling last quarter. How is this happening?
Well, the smart retailers are changing to match the changing needs and wants of consumers. People are still buying, they are just doing so slightly differently. The savvy retailers are capturing this change in real time. Making profits while the perma-bears are whining doom and gloom.
Regardless of the improvement in the underlying economy, short term stock investors still need to locate particular stocks ready to make short term moves.
Our Stock PowerRatings are one such proven stock picking tool. The ratings are built upon the study of 8.5 million daily trades. It is a ranking system of 1 through 10 with 1 representing the worse performers and 10 being the best performers. The system gauges stocks probability of outperforming against the S&P 500 over a 5 day period. Statistics clearly show that 1 rated stocks perform 5 times worse than the S&P 500, while 10 rated stocks outperformed 14.7 times the S&P 500 during the next 5 trading days.
As you know, past performance is no guarantee for future success, but our PowerRatings have proven time and time again to locate stocks primed for short term gains.
Here are 3 top PowerRatings stocks for your consideration.
^MAPP^
^BFRM^
^IO^
Learn more strategies for trading stocks in the short term with a free trial to our PowerRatings! The highest rated stocks have outperformed the average stock by a margin of more than 14.7 to 1 after five days! Click here to launch your free PowerRatings trial today!
David Goodboy is Vice President of Business Development for a New York City based multi-strategy fund.