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Updated quantitative ratings on 80 stocks

The market is moving a bit this week as it continues to digest the latest earnings from some of the big companies. Earlier today, some of that big name revenue came from 3M Company (MMM), General Electric (GE), Johnson & Johnson (JNJ) and Verizon Communications (VZ) – all of which fell under pressure as they announced weak earnings results and/or provided poor earnings forecasts.

The fact is that we are in an environment where fundamentals matter. Thus, companies that fail to meet analysts’ expectations or provide soft forward-looking advice are punished, while companies that exceed analysts’ estimates and have a more positive outlook for the coming quarters are rewarded.

Let me give you another example: Lockheed Martin Company (LMT) also released its latest results this morning, and it has climbed as the numbers are better than expected. For the fourth quarter, the defense contractor reported earnings of $1.9 billion, or $7.40 per share, and sales of $19.0 billion. The consensus estimate called for earnings of $7.39 per share on sales of $18.27 billion. The company also noted that its backlog grew 11% to $150 billion in the fourth quarter.

For fiscal 2022, Lockheed Martin earned $5.7 billion, or $21.66 per share, and revenue of $66.0 billion. Those results also topped earnings estimates of $21.56 per share and total sales of $65.24 billion. Looking forward to fiscal 2023, Lockheed’s market forecasts total sales between $65.0 billion and $66.0 billion and earnings per share between $26.60 and $26.90.

Given investor reactions to the corporate earnings results so far, it is clear that it will be every man for himself as the market tightens further and further. So, it’s important to be invested in the cream of the crop to thrive in today’s environment.

With that in mind, I took a closer look at the latest institutional buying pressures and the fundamental health of each company over the weekend, and decided to revise my Portfolio Grader recommendations for 80 blue chip stocks. and 19 downgraded from a Hold (C-rating) to a sell (D rating). I’ve included the top 10 stocks that were downgraded from a sell in the table below, but for the full list of 80 stocks – including their fundamental and quantitative ratings – click here.

ABNB Airbnb, Inc. Class A D
ATVI Activision Blizzard, Inc. D
BEEP Brookfield Infrastructure Partners LP D
CSCO Cisco Systems, Inc. D
DOCUMENT DocuSign, Inc. D
DVV Dover Corporation D
EA Electronic Arts Inc. D
FTS Fortis Inc. D
HRL Hormel Foods Corporation D
ICE Intercontinental Exchange, Inc. D

Personally, I expect real fireworks from my Growth investor stocks (as with Lockheed Martin today) in the coming weeks. My average Growth investor Stock is characterized by annual sales growth of 65.5% and annual profit growth of 217.7%. I should also add that over the past three months the analyst community has revised consensus earnings estimates up 24.8% on average, so I expect wave after wave of positive quarterly announcements. , as well as positive future predictions!

Earnings season for my Growth investor stocks will heat up in the coming weeks, so I encourage you to join me today Thus, your portfolio is positioned to benefit from their strong earnings results.

Plus, you’ll be just in time for my new recommendations. On Friday I will post three exciting new buys in my Growth investor February monthly issueas well as my latest Top Stocks lists. If you become a member nowyou will receive the new purchases as soon as the monthly issue is available on my subscribers website.

For all the details, click here.


Source: InvestorPlace, unless otherwise stated

Louis Navellier

Publisher hereby declares that as of the date of this e-mail, Publisher owns, directly or indirectly, the following securities which are the subject of commentary, analysis, opinion, advice or recommendations in, or which are otherwise mentioned in, the dissertation below:

Electronic Arts Inc. (EA), Lockheed Martin Corporation (LMT)


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