Chicago, IL - November 29, 2011 - Stocks in this week's article include Crane Co. (NYSE: CR ), Carlisle Companies Inc. (NYSE: CSL ), Danaher Corp. (NYSE: DHR ), Textron Inc. (NYSE: TXT ) and Tyco International Ltd. (NYSE: TYC ). Kevin Matras screens for stocks in one of the top performing groups, the conglomerates sector, in an effort to take advantage of growing US exports.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
In spite of the problems in the US and in Europe, US exports are running at record levels. And US companies with strong export markets are benefitting tremendously.
While it's true that US exports to Europe are expected to slow down next year, the Asian-Pacific region is expected to fully make up for that and more.
Yes, China's growth has 'cooled' to a number closer to 8% rather than the 9% of previous years. And it's also true that others are seeing similar revisions. But growth rates like those are still the envy of the world. And with those markets surging, some companies with exposure in these areas are looking at boom times.
And one of the best sectors to capitalize on this is the Conglomerates sector.
Since many conglomerates are large-cap stocks, we're going to tailor our screen to be accommodating of this, yet strict enough so as to only select the best ones from this group.
This screen is not particularly complex. For one, the Conglomerates sector only has 44 companies in it to begin with. Make it too strict, and nothing will come thru. But once you add in certain parameters, it quickly narrows it down to only 10 of the best candidates.
If you need a tie breaker on a stock, look at the PEG ratio, EPS and sales surprises, and recent earnings estimates revisions for the current quarter and full year.
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Contact: Jim Giaquinto
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