In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Cimarex Energy Co has taken over the #79 spot from Air Products & Chemicals Inc , according to ETF Channel. Below is a chart of Cimarex Energy Co versus Air Products & Chemicals Inc plotting their respective rank within the S&P 500 over time (XEC plotted in blue; APD plotted in green): In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components were ranked according to those averages.
As quick as last week's selloff occurred, this rebound higher has been just as fast, and we would not be surprised to see the market retest at some point.