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Johnson & Johnson Message Board

  • madmoneycramer madmoneycramer May 2, 2013 10:36 PM Flag

    The 10 most overbought names in the S&P 500

     

    Well now you know!!!!

    As we approach all-time highs in the S&P 500, we wanted to look at the top 10 most overbought names in the index. As expected, these names are compiled in the defensive sectors such as consumer goods, health care and some consumer services. These names have lead since the second part of the rally took hold in mid December. On the chart page attached below, we show the defensive sectors’ divergence from the aggressive, more cyclical sectors.

    The most overbought names are in ascending order, some of which happen to be on our strongest 20 S&P list, as money continually chases defensive, higher-yielding stocks as investor look for yield.

    The Kroger Co KR +1.23%

    Hormel Food HRL +2.06%

    John & Johnson JNJ +1.10%

    AmerisourceBergen ABC +1.88%

    Health Care REIT HCN +0.69%

    Kimberly-Clark Corporation KMB +1.22%

    Kellogg K -1.84%

    GIS +0.10% General Mills

    Celgene CELG -0.01%

    H&R Block HRB +0.79%

    If we get a meaningful pullback it would not be unexpected for these names to revert the hardest, as investors have significant gains in these names. Another reason would be the further away the price deviates from its mean, the greater the risk of falling to its mean.

    Sentiment: Strong Sell

    This topic is deleted.
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