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Bull’s Eye Report: Tesoro (TSO)

This refiner is rising to the top of its class.


At, 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.




Stock Rating

YTD % Gain

ST Stop-Loss

Tesoro TSO Oil & Gas Refining & MarketingSoftware 7.7 -6.41% $41.43

Why We Like The Stock:

Tesoro (NYSE:TSO) is our most compelling buy today due to the fact that it is a top rated stock in a favorably trending sub-industry – Oil & Gas Refining & Marketing. Though energy was a lagging sector in 2012, it is off to a good start in 2013, and the refiners are looking especially attractive. Tesoro has been trending higher since early November, making higher highs and higher lows during its march upwards. The stock tends to pull back after making new highs, which is where it is currently sitting. Since its Jan 2 high, TSO has pulled back roughly 6.5%, which also represents the immediate upside potential. A careful stop would be right below the 50-day moving average. Thus, TSO is a nice chart with a relatively high upside in the short-term, and is today’s most compelling buy.

We Would Be Buyers:

At the current price ( around $43.00), or on a pullback to $41.69.

Company Profile:

Tesoro Corporation (Tesoro) is an independent petroleum refiners and marketers in the United States. The Company’s subsidiaries, operating through two business segments: manufacture and sell transportation fuels. Its refining operating segment (refining), which operates seven refineries in the western United States, refines crude oil and other feedstocks into transportation fuels, such as gasoline, gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas, petroleum coke and asphalt. This operating segment sells refined products in wholesale and bulk markets to a range of customers within the operations area. Its retail operating segment (retail) sells transportation fuels and convenience products in 18 states through a network of 1,175 retail stations, under the Tesoro, Shell and USA Gasoline brands.

Stock Rating:

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.


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.

Looking for more top rated stock ideas? Check out our Focus List – The Focus List is your own private research department. Each day, we identify the top rated stocks in the top sectors that also present solid entry points from a technical perspective.

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