by Louis Navellier | April 29, 2013 7:08 pm
After finishing the week on a quiet note, Wall Street was off to the races Monday. All three major indexes finished higher with the S&P 500 managing to hit a record high.
And that makes sense, considering the biggest winners are from the tech sector—particularly high-yield plays like Hewlett Packard (NYSE:HPQ), International Business Machines (NYSE:IBM), Intel (NASDAQ:INTC) and Microsoft (NASDAQ:MSFT).
But a word to the wise: While these stock companies all pay respectable dividends, I don’t want you to follow the crowd. This is a classic case of people bottom fishing, and I expect this strategy to bite them back later. Just a quick run-through in Portfolio Grader shows you that not a single one of these stocks pulls off a buy rating. The strongest of the four, MSFT, is a C-rated hold while the others are outright sells. One only has to look this year’s estimates to see why:
This is just one example of why it pays to run your stocks through my Portfolio Grader tool. This stock screening tool is based on cold hard data rather than hype. As the choppy summer trading season kicks off, it will be more important than ever to ignore the market’s knee-jerk reactions and let the data, not your emotions, dictate your actions.
On that note, let’s look at the 56 big blue chips that have been upgraded and downgraded this weekend. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for each of the stocks listed below.
Last Week’s Holds, Now Buys
Last Week’s Sells, Now Holds
Last Week’s Buys, Now Holds
Last Week’s Holds, Now Sells
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