PulteGroup (PHM) ($22.85 vs. $21.21 on April 30): Has been downgraded to sell from hold and set a new multi-year high at $23.95 on May 9.
On May 2 I wrote,
Bull Market Will End Without Big-Bank Leadership where I showed that only
(C) ($48.60 vs. $45.87 on May 2) has a buy rating. Investors should consider booking profits on this buy-and-trade strategy on strength to my monthly risky level at $51.61.
On May 8 I wrote, Record High Transports a Second Chance to Sell and each of the eight sell rated names traded sideways to up that day giving investors a second chance to take some nice gains on stocks rated "avoid-source of funds." This morning we show that 83.2% of all transportation stocks are rated sell or strong sell.
One of the Dow components I have been tracking Caterpillar (CAT) ($89.95): Has been downgraded to sell from hold and traded up to $90.69 on Thursday vs. my monthly risky level at $90.84.At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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