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35 Actions To Take On Today's Market Dip

April 15, 2013

Stock of the Day

Gold plunges to a two-year low. Brent crude falls to $100 a barrel. Silver, copper and nickel prices retreat. Today is not a good day for commodities, and that's thanks to surprisingly lackluster economic data from China. According to the latest estimates, China's economic grew 7.7% in the first quarter. While we would be ecstatic to see this kind of growth in the U.S., in an economic powerhouse like China, it underwhelmed expectations.

And the doldrums have spread into the stock market as well—the major indices are down 1% to 2%. But it appears that the flight to quality is finally underway. If you look at the strongest performers on the S&P 500 today, you'll notice that the bulk of them are A- and B-rated stocks.

As we make our way through an increasingly volatile spring and summer market, I want you to keep this in mind. As long as you stick with the top-rated stocks, you should be in a good position to take advantage of near-term dips. This is why I start each and every week by rescreening the stocks in Portfolio Grader—this give us all a chance to stay ahead of the curve as the market becomes more and more narrow.

So let's look at the 35 big blue chips that have been upgraded and downgraded this weekend. After taking a close look at the latest data on institutional buying pressure and each company's fundamental health, I decided to revise my Portfolio Grader recommendations for each of the stocks listed below.

Upgrades

Last Week's Holds, Now Buys

Symbol Company Name Quantitative Grade Fundamental Grade
ADP Automatic Data Processing Inc. B C
AET Aetna Inc. B C
BX Blackstone Group L.P. B B
GSK GlaxoSmithKline PLC ADS B C
KORS Michael Kors Holdings Ltd. C A
NTT Nippon Telegraph & Telephone Corp. ADS B B
PCG PG&E Corp. B D
RAI Reynolds American Inc. B C
SIRI Sirius XM Radio Inc. B C

Last Week's Sells, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
BXP Boston Properties Inc. C D
CSX CSX Corp. D C
EQR Equity Residential D C
F Ford Motor Co. C C
FAST Fastenal Co. D C
FRX Forest Laboratories Inc. C D
HMC Honda Motor Co. Ltd. ADS C D
IVZ INVESCO Ltd. C C
KMI Kinder Morgan Inc. D C
LULU lululemon athletica inc. D B
PCAR Paccar Inc. C C

Downgrades

Last Week's Buys, Now Holds

Symbol Company Name Quantitative Grade Fundamental Grade
AGN Allergan Inc. C C
LOW Lowe's Cos. C C
MA MasterCard Inc. Cl A C B
NLY Annaly Capital Management Inc. C C
OMC Omnicom Group Inc. C B
RTN Raytheon Co. C C
TRI Thomson Reuters Corporation C C

Last Week's Holds, Now Sells

Symbol Company Name Quantitative Grade Fundamental Grade
ABV Companhia de Bebidas das Americas ADS D B
AMAT Applied Materials Inc. D C
AVB AvalonBay Communities Inc. D C
CRM salesforce.com inc. D C
DLTR Dollar Tree Inc. D B
PH Parker-Hannifin Corp D C
SBUX Starbucks Corp. D B
UPS United Parcel Service Inc. Cl B D D

Sincerely,

Louis Navellier

Louis Navellier

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