At Ockham, we are a long term, value-focused methodology, but with the current market volatility we are seeing a fair amount of rating changes each week. In the last week alone nearly 9% of the more than 8000 stocks we cover have experienced either an upgrade or downgrade as a result of crossing an important valuation threshold according to our methodology.
So for today’s screen we are attempting to identify the most noteworthy ratings changes in our expansive coverage. Quantifying what is popular or noteworthy is of course an inexact science, but we feel like coverage in the financial media will serve as a decent proxy. Thus we have sorted all stocks that have experienced a ratings change at Ockham in the last week by the amount of news coverage as tracked by RazorWire. RazorWire tracks every time a stock is mentioned on either business television channels CNBC, Fox Business and Bloomberg as well as a number of the most influential stock-centric blogs on the web. The top ten most mentioned in the news are listed below; coincidentally 9 out of the top ten were downgrades. The lone exception was Accenture PLC (ACN) which was upgraded to Undervalued after falling nearly 5% last week.
Most Notable Upgrades/Downgrades
- JP Morgan Chase (JPM) downgraded to Fairly Valued
- IBM (IBM) downgraded to Fairly Valued
- Caterpillar (CAT) downgraded to Greatly Overvalued
- Procter & Gamble (PG) downgraded to Fairly Valued
- Home Depot (HD) downgraded to Overvalued
- Coca-Cola (KO) downgraded to Fairly Valued
- Wells Fargo (WFC) downgraded to Fairly Valued
- Sybase (SY) downgraded to Overvalued
- Accenture PLC (ACN) upgraded to Undervalued
- Netflix (NFLX) downgraded to Overvalued
