Wall Street Still Open When the Government Shuts Down

by Louis Navellier | September 30, 2013 8:10 pm

It turns out that the U.S. Congress could not agree on a solution to the budget crises, and so this morning we wake up to a government in shutdown mode.

What happens next? Well, I don’t expect that stock market to be crippled the way many talking heads would have you believe.  In the event of a temporary government shutdown, commerce could be affected by issues like delayed shipping and airport delays.

There’s no denying that the  government shutdown has distracted investors. But with third-quarter earnings rolling out next Monday, I expect this macro-distraction to fade as the market refocuses on what should really determine trading: Sales and earnings. To get you prepared, I have a fresh list of 68 blue chip stocks that were upgraded or downgrade in my Portfolio Grader screening tool over the weekend.


Last Week’s Holds, Now Buys

Symbol Company Name Quantitative Grade Fundamental Grade
AMAT Applied Materials A D
BBVA Banco Bilbao Vizcaya Argentaria B B
BMO Bank of Montreal B B
CMI Cummins B C
CS Credit Suisse B B
EMR Emerson Electric B C
GM General Motors B C
HES Hess B B
HPQ Hewlett-Packard B C
LTD L Brands B C
VOD Vodafone B C
XRX Xerox B B

Last Week’s Sells, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
CCI Crown Castle C C
MJN Mead Johnson D C
SNN Smith & Nephew C C
SWK Stanley Black & Decker D C
TD Toronto-Dominion Bank C C
TEF Telefonica SA D C


Last Week’s Buys, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
ABV.C Companhia de Bebidas das Americas C C
ADM Archer-Daniels-Midland C C
ADP Automatic Data Processing C C
BCH Banco de Chile C C
C Citigroup C B
CB Chubb Corporation C B
CHKP Check Point Software C B
CPB Campbell Soup C C
CVS CVS Caremark C C
DFS Discover Financial C B
DVA DaVita HealthCare C B
GWW W.W. GraingeR C B
HD The Home Depot C B
IP International Paper C B
JPM JPMorgan Chase C B
KEP Korea Electric Power C C
LVS Las Vegas Sands C B
MDT MedtroniC C B
NEE NextEra Energy C C
PEP PepsiCo C B
PFE Pfizer C C
ROP Roper Industries C C
SIRI Sirius XM Radio B D
TSM Taiwan Semiconductor Manufacturing C C
VFC V.F. Corporation C C
WYNN Wynn Resorts B C

Last Week’s Holds, Now Sells

Symbol Company Name Quantitative Grade Fundamental Grade
ACN Accenture D C
AMT American Tower D C
BEN Franklin Resources D B
BF.B Brown-Forman D C
BG Bunge Limited D D
CAT Caterpillar F D
CHT Chunghwa Telecom D C
CNQ Canadian Natural Resources F C
EL The Estee Lauder Companies D B
ENI Enersis D B
FMX Fomento Economico Mexicano SAB de CV D C
GOOG Google D C
NVO Novo Nordisk D B
PEG Public Service Enterprise Group D B
TROW T. Rowe Price D C
TS Tenaris S.A. D C
UL Unilever PLC D B
UN Unilever NV ADR D B
USB U.S. Bancorp F C
VLO Valero Energy D C



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