by Louis Navellier | March 5, 2013 8:42 pm
It’s official: The Dow hit an all-time high of 14,286 points during trading hours on Tuesday and finished up at an all-time high by the end of the day. This puts the Dow 115% above levels seen in March 2009. With China pledging to hit 7.5% economic growth this year and favorable service sector data from the U.S., investors were itching to buy today.
However, a rising tide doesn’t necessary lift all ships. As you can see below, there were still a handful of big blue chips that fell today despite the broad-based rally.
And it’s no coincidence that the biggest losers are also scrapping the bottom of the barrel in terms of my Portfolio Grader rankings. Below I’ve listed today’s losing stocks, including each stock’s Quantitative Grade (which measures the current level of buying pressure) and its Fundamental Grade (which blends eight metrics, including sales growth, earnings growth and the like).
What can we learn from this? Well, even on up days it pays to be judicious with our stock picks. This strategy will be even more important in the coming weeks. I expect the market to pull back from these previous highs, and the first stocks to get hit will be the D- and F-rated sells. So please keep using my Portfolio Grader tool to screen your stocks: I recommend that you stick with only A- and B-rated stocks; hold your C-rated stocks.
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