Thursday, June 25, 2009

Stocks for June 22

Here are the stocks that are passing at least three of my five filters for the week of Jun 22.

SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
ARO 111199
CMG 11 199
FUQI111  99
GMCR1 1 199
HMSY111  99
NFLX 11 199
APSG 11 198
RIMM 11 198
TXRH 11 198
BWLD 11 196
WMS 11 196
IBM 11 189
DBRN 11 187

PNRA has fallen off the core list. TXRH is new to the list. Texas Roadhouse runs a chain of steakhouses. I am not sure why restaurants are still making the core list. Don't they know there's a recession going on?

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
ARO10Earn 20-Aug
HMSY7Earm 31-Jul
BWLD7Earn 28-Jul
GMCR7Earn 28-Jul
IBM7Earn 16-Jul
NFLX7Earn 29-Jul

moving down this week
moving up this week
new this week

With its fall below its 45-week moving average, the markets have slipped into Red Light mode according to the 1-2-3 model. This means that it is a bad time to own stocks. The Inflation Model is up to three-and-a-half stars ("inflation danger").

This is a worrisome situation. Stocks had managed to just touch positive territory for the year, only to fall back. I keep hearing about the "green shoots" (the start of economic recovery) but Wall Street seems unconvinced.

Many things are indicating caution, so please approach any purchases with caution.

No comments: