This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New All-Time Highs in an Overvalued Market

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 PulteGroup (PHM) ($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.

Consumer Discretionary: Equal-weight -- (428 stocks) Only 11 stocks have buy ratings and only 24 stocks have sell ratings.

Consumer Staples: 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 Coca Cola (KO) ($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.

Finance: Equal-weight -- (3134 stocks) 96 stocks have buy ratings and 65 are rated sell.

The 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.

Industrial Products: Underweight -- (361 stocks) Only 38 stocks have buy ratings and 152, or 42.2% are rated strong sell or sell.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,890.18 -70.39 -0.42%
S&P 500 1,969.13 -9.21 -0.47%
NASDAQ 4,423.71 -25.8540 -0.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs