by Louis Navellier | March 11, 2014 10:00 am
After such a strong run in February, naturally I’ve gotten a lot of questions on whether we can keep up the momentum in March. To that, I say yes!
For starters, the data is on our side: March is historically a solid month for us. There’s always a possibility that we’ll encounter pockets of bumpiness as some stocks consolidate slightly in the wake of their stunning sales and earnings growth, so March may be a bit bumpy.
However, we are still in the midst of the seasonally strong time of year, since pension funding persists through April 15. The flow of funds into the stock market should remain very steady in the upcoming weeks, and any dips will represent good near-term buying opportunities.
And after April 15 when the pension funding faucet is turned off, we’ll have yet another stunning earnings announcement season to look forward to in late April and May. It is also important to note that the harsh winter for much of the U.S. should turn into a spring thaw that is expected to spark both business and consumer spending in the upcoming months, so I expect more positive analyst earnings revisions in the upcoming weeks.
So the stock market is looking great as we head into the spring season. But before you buy, let’s look at the 33 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 Buys, Now Holds
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