Bank of America (BAC), Caterpillar Inc. (CAT) and Walgreen Co. (WAG) were among some of the widely held stocks upgraded by Louis Navellier in his latest fundamental stock analysis on March 29, 2010.
Bank of America (BAC) recently made headlines with news that it likely will not have to pay federal income taxes for 2009 due to a loss for the full-year. Also, the company has announced it will be rolling out a plan to forgive up to 30% of the debt owed to it by 45,000 mortgage customers in danger of default.
Caterpillar Inc. (CAT) recently announced it would take a $100 million charge related to a new law that will lower the company’s tax deductions. But the company is still growing strong, and announced last week it will invest $2.8 million and create dozens of jobs at its Caterpillar Track Components plant in Danville, Kentucky.
Walgreen Co. (WAG) reported strong earnings last week, including second-quarter profit that rose nearly 5% thanks to higher margins and prescription sales.
About Portfolio Grader: Every Sunday, renowned growth stock adviser Louis Navellier runs a fundamental analysis on the top 5,000 Wall Street companies. Armed with this research, Navellier offers a rating for each company reflected as a simple letter grade, with A being “strong buy” and F being “strong sell.” Portfolio Grader’s stock data is free and open to the public, and can be accessed online here.
| SYMBOL | COMPANY NAME | SECTOR | MARKET CAP (B) | THIS WEEK | LAST WEEK |
| ACN | Accenture Plc | IT Services | $26.8 | A | B |
| BAC | Bank of America | Financial Services | $154.8 | C | D |
| BSY | British Sky Broadcasting | Media | $15.5 | B | C |
| CAT | Caterpillar Inc. | Machinery | $39.0 | C | D |
| CNI | Canadian National Railway | Road & Rail | $28.3 | C | D |
| COV | Covidien PLC | Health Care Equipment | $24.7 | B | C |
| CTL | CenturyTel Inc. | Telecommunications | $10.6 | B | C |
| DAL | Delta Air Lines Inc. | Airlines | $11.4 | B | C |
| ESRX | Express Scripts Inc. | Health Care Providers | $27.7 | A | B |
| GRMN | Garmin Ltd. | Household Durables | $8.0 | B | C |
| HSP | Hospira Inc. | Health Care Equipment | $9.2 | A | F |
| ISRG | Intuitive Surgical | Health Care Equipment | $13.2 | A | B |
| KUB | Kubota Corp. | Machinery | $11.9 | B | C |
| L | Loews Corp. | Insurance | $15.8 | C | D |
| MAR | Marriott International Inc. | Hotels, Restaurants & Leisure | $11.1 | C | D |
| MCK | McKesson Corp. | Health Care Providers | $17.1 | B | C |
| MHS | Medco Health Solutions | Health Care Providers | $30.9 | A | B |
| MTL | Mechel OAO (ADS) | Metals & Mining | $13.9 | B | C |
| PSA | Public Storage | Real Estate Investment Trusts | $15.5 | B | C |
| SAP | SAP AG (ADS) | Software | $56.0 | C | D |
| SNI | Scripps Networks | Media | $7.3 | B | C |
| TCK | Teck Resources Ltd. | Metals & Mining | $23.7 | A | B |
| V | Visa Inc. | IT Services | $66.8 | B | C |
| VIP | Vimpel Communications | Telecommunications | $18.1 | B | C |
| WAG | Walgreen Co. | Food & Staples Retailing | $36.2 | B | C |
| WLP | WellPoint Inc. | Health Care Providers | $28.4 | B | C |
