Intermediate-Term Trend Up; Looking for Leadership

This is an excerpt from Cabot Top Ten Trader, which features the best trades to make every week.  Designed for experienced investors who want even more great growth stock ideas, this advisory recommends the best 10 stocks each month for short-term investment by aggressive growth investors.

The market rally continued last week, with the major indexes pushing back toward (and in some cases, above) their multi-week highs. That was enough to turn the intermediate-term trend back up, causing us to flip our Market Monitor back into neutral territory, so you can begin to loosen the purse strings a bit, buying some new positions and looking to add more should you develop profits in the days ahead.  

That said, there are still a few flies in the ointment; the longer-term trend remains down and most of the big movers have been the worst performers of the past few months. That’s not bearish, but we would like to see real leadership emerge to new highs before we get more bullish.

This week’s list has some newer names, including a few off-the-bottom stocks from beaten-down sectors. For our Top Pick, we take a stab at one of those—the stock resisted the energy plunge well in recent months and is already back toward new high ground. If the energy run continues, it should do very well. 

Michael Cintolo can be found on Google Plus.

Stock Picks

Loews Corp.

This undervalued stock has strong future earnings growth expectations.


Biogen is the market-share leader in treating multiple sclerosis.


One of Paul Godwin’s favorite stocks in his Cabot Emerging Markets Investor portfolio.

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