ith the market in a confirmed uptrend, most stocks should advance. But investors should look for the true market leaders, such as Skyworks Solutions (NASDAQ:SWKS).
IBD's Screen of the Day, Bolting RS Lines, separates the wheat from the chaff. It focuses on top-rated companies whose relative strength lines are rising to new highs. A rising RS line means the stock is outpacing the benchmark S&P 500 index.
Skyworks has advanced for the past six sessions, rising 2% Monday to a new closing high of 82.48 on the stock market today. Even more impressive, Skyworks has reported nine straight quarters of accelerating earnings per share growth, including last week's Q1 2015 gain of 88%. Sales growth has picked up for four straight quarters.
Skyworks shares have been on a tear since finding support just above its 200-day moving average on Oct. 10. Its RS line has been hitting new highs since early November.
Skyworks makes radio frequency chips used in the Apple (NASDAQ:AAPL) iPhone 6, Samsung Galaxy GS5 as well as many other wireless devices and in other industries. Apple reports earnings Tuesday night, with analysts raising iPhone 6 sales targets.
Centene (NYSE:CNC) is a leading health insurer, focusing on Medicaid programs. It's benefited from the ObamaCare Medicaid expansion as well as winning more state Medicaid contracts.
Centene said Monday it will buy Oregon-based Agate Resources , which provides some Medicaid, Medicare Advantage and ObamaCare exchange coverage in the state.
Q4 earnings likely doubled (101%) in Centene's next report due in early February, accelerating from the prior quarter's 37% advance. Centene shares cleared a short consolidation base last week, hitting a record intraday high on Friday. Its RS line hit a new high ahead of the stock, a bullish sign.
Shares rose 1.2% to 111.80 on Monday, a new closing high.
Several other health insurers are on the Bolting RS Lines screen — though not in the top 5 — including UnitedHealth Group (NYSE:UNH) and Cigna (NYSE:
what a draconian prediction
Seems like that may happen as YHOO is dead money right now
You still got the options in place????
MSFT seems to be a perhaps better buy??? of KMB
Any one buy some
I got some at 112
It has bottomed here and is a BUY
I liked the CEO last night on Mad money show
The share buy back and increase divi got my attention as weak as a longer term around with Europe and Venezula
They will do a move bounce --mark my words
I think it is also a world slow down
Yes oil production is way up --- but do ya really think it is that high of a production growth to cause these problems?????
Bet to you in Jersey
Well welcome back
Oil is sucking for now I have owned MLPL-Who knows if I get back in or not
It is hard to believe that KMI is so strong
MMP MHR are ok
Look at IP, CVS Cy and KMB kmb got waked on earning IMHO it is over done this has got to be way over sold
I you routing for the New England Pat's ??
YOU are oh so correct
I did not think of that one
I am sticking with KMI and MMP MHR that is it for me--I also have SFL and SDLP
hey Mr retired
I heard on CNBC that the Saudi prince stated that $45 oil was as low as oil could !!
lets see--if the Saudi Prince is correct........... Looks like oil is sitting at $45.50
You fell and cracked a rib--ouch--lol
methinks the market is in another rotation--banks do indeed seem hot
CYS and KMI are my hot tamale --for now !!!!!!!!!!
be careful in the snow
thank you! Letting em run for now
I am buying some KMB missed earning down $7 seems like 3% yield and solid company is the place to be,
I am buying some CY --It is so positioned to pop up---any recommendations?
others I own
GGN keep delivering
All aboard for APPLE earning Tuesday any one else looking for a huge move--I see $120 next week-What is your guess?????
CVS is going to $120 any buyers
SWKS ha been on fire
Just saying these are good investments
Yes I know that but you be a better investor than Mio
I also sold BAC if they both give you a pop then your the man
I still say there are better plays FB, APPLE IP MMP and my favorite KMI( Did you get some -- J Cramer loves it) we both agree about GGN ---so far a great run.....I am sad that I did not buy more of it.....
AUY was appealing but share price is stuck at $4.30--they also have had execution problems
Sentiment: Strong Buy
Credit Suisse increased its price target on Kinder Morgan Inc (NYSE: KMI) Thursday from $49 to $50 and maintained an Outperform rating following its Q4 results.
Analysts led by John Edwards noted, “Operationally, the quarter was in line with our estimates, dividends declared exceeded the 2014 budget by $0.02/share at $1.74/share, and the excess dividend coverage increased by about $300mm to $320mm as a result of the restructuring transaction that closed earlier in Q4.”
Edwards was surprised by “the announcement that KMI would acquire Hiland Partners from Harold Hamm and certain Hamm family trusts for $3B plus another $800mm is expected to be invested over the next 4 years. While the transaction is ‘modestly accretive’ for 2015 and 2016, KMI is guiding to 6-7 cents/share 2017 accretion (2-3 percent) and a 10x EBITDA multiple by 2018, which we model as ~4 percent accretive.”
“The accretion should support a slight acceleration to KMI's prior dividend forecast despite what otherwise looks like an expensive transaction, so we view this as a modest positive despite the negative reaction in the shares in the aftermarket,” according to the analysts.
The $50 price target was based on the firm’s 3-Stage DDM with 11.5 percent distribution growth over the first five years, 8.2 percent growth over the second five years, and a 2.25 percent terminal rate discounted at 9 percent.
I read that the purchase was not cost efficient and will impact earning and dividend
I will look for more info
thanks so much for sharing as some of us have a large position in KMI
On another note J Cramer now stated he sold LNCO to early
Darn what a jackass
KMI is huge positions for me too.. It seems to me that KMI was a tad unrealistic in reporting earnings
IMHO this will take a price hit--Baaaaaaaaaaaaaaa,,,,, but hoping not to bad of a hit