At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.
In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.
|Company||Symbol||Industry||Stock Rating||YTD% Gain||S.T. Stop Loss|
|Sealed Air Corp||SEE||Paper Packaging||7.3||+30.43%||$21.96|
Why We Like The Stock:
Sealed Air Corp. (NYSE:SEE) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Paper packaging stocks have had a good run so far in 2013, as evidenced by strong charts like Packaging Corp. of America (NYSE:PKG), Sonoco Products (NYSE:SON), and Graphic Packaging Holdings (NYSE:GPK). SEE is no different. Up +30.43% already this year, SEE has actually pulled back from recent late-March highs around $24.30, which offers even further upside in the short-term.
SEE crossed above its short-term moving averages last week, and above its 50-day moving average on Monday, signalling that it is back on the upswing after consolidating throughout April. We like this company for a run back up to the $24.30 area, and would hold it as long as it stays above its short-term moving averages.
We Would Be Buyers:
At the current price (~$22.78).
Sealed Air Corporation is engaged in food safety and security, facility hygiene and product protection business. The company serves a range of end markets, including food and beverage processing, food service, retail, health care and industrial, commercial and consumer applications. The company’s brands include bubbles Wrap brand cushioning, Cryovac brand food packaging solutions and Diversey brand cleaning and hygiene solutions. The company operates in four segments: food and beverage, institutional and laundry and protective packaging, and “other” category, which includes its medical applications and new venture businesses.
Stock Rating: 7.3
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
Sealed Air Corp. – Last Three Months
Sealed Air Corp. – Last 12 Months
Sealed Air Corp. – Last Five Years
At the time of publication the editor and affiliated companies own the following positions: None
Note: Positions may be bought or sold while this publication is in circulation without notice