Chicago, IL - April 17, 2012 - Stocks in this week's article
include
MarketAxess Holdings
(NASDAQ:
MKTX
),
DTE Energy
(NYSE:
DTE
),
Carlisle Cos.
(NYSE:
CSL
),
Group 1 Automotive
(NYSE:
GPI
) and
McGraw-Hill
(NYSE:
MHP
). Kevin Matras goes over the new Top Sectors and how to use them
in your own trading.
Screen of the Week written by Kevin Matras of Zacks
Investment Research:
It's that time again. Every few months, I like running this
screen to find the new Top Sectors. And since roughly half of a
stock's price move can be directly attributed to the group that
it's in, it's important to stay on top of this.
By definition, a strong Sector or strong Industry will have more
of its companies moving higher than a weak Sector or weak Industry.
What's interesting is that just getting into an average stock in a
strong group will often outperform the best stocks in a troubled
group.
This doesn't mean you can just pick anything and you'll make
money. Far from it. But it illustrates how powerful the underlying
group is to the success of your stock picking.
There are several ways you can define the best Sectors or
Industries.
One of my favorite ways is to look at the percentage of stocks
trading within 10% of their 52-week highs.
Currently, the top 5 sectors are:
For the rest of this Screen of the Week article, please
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CARLISLE COS IN (
CSL
): Free Stock Analysis Report
DTE ENERGY CO (
DTE
): Free Stock Analysis Report
GROUP 1 AUTO (
GPI
): Free Stock Analysis Report
MCGRAW-HILL COS (
MHP
): Free Stock Analysis Report
MARKETAXESS HLD (
MKTX
): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment
Research