Upgrades This Week: BAC, CAT, WAG

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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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ADS , B

Louis Navellier

Louis Navellier

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