Chicago, IL – December 8, 2009- Kevin Matras goes over the new Top Sectors and how to use them in your own trading. Stocks in this week’s article include Enersis S.A. (NYSE: ENI), Crane Co. (NYSE: CR), Genuine Parts Co. (NYSE: GPC), Service Corp. International (NYSE: SCI) and General Dynamics Corp. (NYSE: GD).
Screen of the Week written by Kevin Matras of Zacks Investment Research:
It’s that time again. Every few months, I like running this screen to find the new Top Sectors. And since roughly half of a stock’s price move can be directly attributed to the group, it’s important to stay on top of this.
I’ve done some testing over the past and found that often times just getting into an average stock in a strong group will outperform the best stocks in a troubled group.
This doesn’t mean you can just pick anything and you’ll make money. Far from it. But it illustrates how powerful the underlying group is to the success of your stock picking.
One of my favorite ways to find the top Sectors is to look at the percentage of stocks trading within 10% of their 52-week highs.
So what are the current top Sectors?
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