Navellier Growth: your source for market-beating growth stocks

 

I received shares of John Bean Technologies (JBT) because of a spinoff. I wanted to see how the company ranks in PortfolioGrader, but it isn't there. Do you have an opinion on this company?

John Bean is a spinoff of FMC Technologies (FTI). FMC Technologies is a great company, and is an A-rated stock in PortfolioGrader Pro. I recommend this company in several of my newsletters. FMC Technologies distributed 0.216 share of JBT common stock for every share of FTI common stock outstanding as of the close of business on July 22.

The reason you can't find JBT in PortfolioGrader is because a company has to be listed for at least a year to join our database, because we track the fundamental values of all stocks over time. A great stock could have a down week or two, and weak stocks could have one shining moment. If you make your decision based on a snapshot, you could be placing yourself at risk. I rely on extensive data for at least a year before I feel confident recommending a stock as a buy or a sell in PortfolioGrader.

As for my personal opinion, I would unload JBT. John Bean will serve mainly airlines, and we've all seen how poorly that sector has been doing.

Q&A Archive

• Q&A on Investing the Navellier Growth Way
• Q&A on Today's Market
• Q&A on Specific Stocks