Use PowerRatings to Find Outperforming Tech Stocks
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 with gains of 13.16% compared to 8.00% 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.
Here is a partial list of our Nasdaq 100
PowerRatings List:
Cognizant Tech Solutions
(
CTSH |
Quote |
Chart |
News |
PowerRating)
Flextronics Intl.
(
FLEX |
Quote |
Chart |
News |
PowerRating)
Electronic Arts
(
ERTS |
Quote |
Chart |
News |
PowerRating)
Paccar Inc.
(
PCAR |
Quote |
Chart |
News |
PowerRating)
Sears Holdings
(
SHLD |
Quote |
Chart |
News |
PowerRating)
Whole Foods Market
(
WFMI |
Quote |
Chart |
News |
PowerRating)
Starbucks Corp.
(
SBUX |
Quote |
Chart |
News |
PowerRating)
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Darren Wong
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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.