Trade of the Day: Crown Castle International (CCI)

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It has been quite week for the market so far. After starting off a little weak on Monday, both the S&P 500 and Dow gained some momentum on Tuesday following Fed Chair Janet Yellen’s biannual monetary update. In her comments, Yellen revealed that the word “patient” will be dropped from its statement, and that the interest rate hike will be discussed on a meeting-by-meeting basis moving forward.

This announcement mellowed investor fears, and stocks jumped to all-time highs on Tuesday with the Dow rising 0.51% and the S&P 500 climbing 0.28% by Tuesday’s market close.

While momentum tapered off a bit yesterday, the Dow and S&P 500 are still trending higher than they were at the beginning of the week—and at the beginning of the year. So it’s not surprising that my Turner Analytics database continues to favor a bullish trend this week. That means if you’re not already fully invested, now is the time to be looking into fundamentally strong, up-trending stocks.

Lucky for you, I have very strong contender for today.

Crown Castle International (CCI) rents cell phone towers and equipment to all four major cell phone companies operating in the U.S. The company is set to do well as it is focusing on “small cell” operations, which help the cell phone companies expand their data coverage across the U.S. CCI also broke out of a year-long consolidation at the end of 2014, moved higher in January despite the overall move lower in the market, and it has been making all-time highs in February.

Looking at the Turner Analytics data, CCI is fundamentally and technically strong. The stock earns 79 out of 100 for its Demand Fundamental score and 85 out of 100 for its Demand Technical score. CCI also has very strong institutional ownership at near 100%. CCI is the top-rated stock in the Diversified Communication Services Industry and is ranked #25 among all large-cap stocks.

CCI has an expected move of nearly 4%, which means it’s rated as a low volatility stock. CCI also has a nice dividend yield of 3.75%, and its ex-dividend date is just three weeks away.

crown castle international

Overall, Crown Castle International is an exceptionally strong stock that is rated as a strong buy in the Turner Analytics database system and is in the Buy Zone. I recommend entering this at $87.00 or better and setting the stop at $78.51.

For those of you who took my advice to buy AmerisourceBergen (ABC) in December, you know the power of Turner Analytics, as ABC has been on a tear since I recommended it.

Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.


Article printed from InvestorPlace Media, https://investorplace.com/2015/02/trade-of-the-day-crowncastle-international-cci/.

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