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Every trading day, we search our database for a stock that, in our humble opinion, is in solid technical condition and features a chart indicating the stock is ready to move higher.
Our base level investment philosophy is based on the concept of “own the best and ignore the rest.” Thus, we focus our attention solely on the top ranked stocks in the strongest industry groups.
How Do We Find the “Top Rated Stocks?”
A question we are constantly asked is: How do we find these top-rated stocks? In short, we follow a disciplined three-step process.
Step 1: Identify the Top Sectors and Industry Groups
We first determine the market’s leadership by identifying the top performing sectors and industry groups. From 10 sectors and more than 100 Industry Groups, our proprietary ranking systems (which has been designed in conjunction with the nation’s leading independent research firm) identifies the top 5 sectors and the top 20 groups based on momentum, industry strength, and indicators that are specific to the industry being ranked.
Step 2: Isolate the Highest Rated Companies
From more than 2400 stocks, the system identifies the top 5% in terms of earnings strength, earnings momentum, company performance, and relative strength.
Step 3: Select the Strongest Stocks in the Top Industry Groups
We then merge the two rankings and select the top ranked companies that are in the top Industry Groups. This keeps us focused on the best performing stocks in the leading sectors of the market.
And then every weekend, we rerun the ratings and start all over again!
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The Chart of the Day
The chart listed below has met all of our fundamental criteria and currently displays a solid technical “set up” for a buy. The stocks highlighted in our daily chart reports are definitely on our radar, and may even be in some of our portfolios (see disclosure for details). Just to be clear, we are by no means recommending you buy this stock. However, we believe it is important to identify positive technical set-ups when looking for stocks, thus we consider this report a valuable tool for stock-pickers.
|Stock||Symbol||Industry||Rating||YTD % Gain||Stop Loss|
|Eagle Bancorp Inc||EGBN||Regional Banks||9.5||+1.10%||$48.71|
Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is the Company’s principal operating subsidiary. The Bank is a chartered commercial bank, which operates over 20 banking offices in Montgomery County, Maryland; District of Columbia, and Northern Virginia. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living or working in the service area. The Bank also provides commercial banking services. The Bank’s loan portfolio includes traditional business and real estate secured loans. The Bank offers a range of retail banking services, cash management, online banking, mobile banking and remote deposit services. The Company maintains a portfolio of short term investments and investment securities. The Bank’s sources of funds are deposits, including demand deposits, negotiable order of withdrawal accounts, money market accounts and savings accounts.
The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.
At the time of publication the editor and affiliated companies own the following positions: None
Note: Positions may be bought or sold while this publication is in circulation without notice.
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The analysis and information in this report and on our website is for informational purposes only. No part of the material presented in this report or on our websites is intended as an investment recommendation or investment advice. Neither the information nor any opinion expressed nor any Portfolio constitutes a solicitation to purchase or sell securities or any investment program. The opinions and forecasts expressed are those of the editors of StateoftheMarkets.com and may not actually come to pass. The opinions and viewpoints regarding the future of the markets should not be construed as recommendations of any specific security nor specific investment advice. Stocks should always consult an investment professional before making any investment.
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