Basic Materials: Underweight -- (412 stocks) Only 15 have buy ratings and 232 stocks or 56.3% are rated strong sell or sell.
Business Services: Overweight -- (248 stocks) 50 stocks or 20.2% have buy ratings and only 15 are rated sell.
Computer & Technology: Overweight -- (1184 stocks) 483 stocks or 40.8% have buy ratings and only 34 are rated sell.
Construction: Underweight -- (162 stocks) Only eight stocks have buy ratings and 82 stocks or 50.6% are rated strong sell or sell.
In this sector I track the
PHLX Housing Sector Index
, (184.73) which was a market leader that's become a laggard. The housing index is up 7.8% so far this year and is down 12.0% from its May 20 high. A notable buy rated stock in this sector is home builder
(PHM - Get Report)
($19.11). The stock closed Thursday just below its 200-day simple moving average at $19.22. My semiannual value level is $14.85 with a quarterly pivot at $19.37 and monthly risky level at $21.69.
: Equal-weight -- (428 stocks) Only 11 stocks have buy ratings and only 24 stocks have sell ratings.
: Overweight -- (269 stocks) 139 stocks or 51.7% have buy ratings and only four have sell ratings.
A notable buy rated stock in this sector is Dow component
(KO - Get Report)
($40.81). The company reported a disappointing earnings report premarket on July 16, but weakness stayed above the stock's 200-day simple moving average at $39.11. Yesterday's rebound was a return to the 50-day SMA at $41.08. My monthly and quarterly risky levels are $41.29 and $42.46.
: Equal-weight -- (3134 stocks) 96 stocks have buy ratings and 65 are rated sell.
PHLX KBW Banking Index
set a new multi-year high at 65.90 on Thursday, up 28.4% year to date. All 24 components of the banking index are rated hold. 17 components have reported their quarterly results and only two missed EPS estimates.
: Underweight -- (361 stocks) Only 38 stocks have buy ratings and 152, or 42.2% are rated strong sell or sell.