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Toyota, Volvo Headline Downgrades to Sell

Procter & Gamble (PG) ($77.43) has been downgraded to hold from buy over the weekend. The stock is between annual levels at $75.13 and $78.73.

Coca Cola (KO - Get Report) ($39.76) continues to have a buy rating but archrival Pepsico (PEP - Get Report) ($80.13) has been downgraded to hold from buy. My annual value level is $77.05 with an annual pivot at $79.02, a monthly pivot at $80.26 and weekly risky level at $81.46.

The autos-tires-trucks sector joins the transportation sector with an "avoid-source of funds" rating. There are 96 stocks in the auto sector and none are rated buy. With 55 rated sell and another 11 rated strong sell, 68.8% of the stocks have sell ratings. Four were downgraded to sell over the weekend.

Johnson Controls (JCI) ($35.29) has a semiannual value level at $29.87 with a monthly pivot at $37.34 and weekly risky level at $38.03.

Toyota Motor (TM - Get Report) ($119.55) has annual value levels at $112.27 and $101.68 with monthly and weekly risky levels at $123.44 and $123.45.

Volvo (VOLVY) ($13.51) has a semiannual value level at $10.53 with monthly and weekly risky levels at $14.59 and $14.96.

WABCO Holdings (WBC) ($72.71) has a quarterly value level at $55.64 with weekly and monthly risky levels at $77.45 and $78.07.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at
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VOLVY $8.72 0.17%
GE $28.26 0.00%
KO $43.11 0.00%
PEP $98.49 0.00%
TM $105.26 0.00%


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