By far, Steve Leuthold of the Leuthold Group, has been one of the most accurate market guru's during over the past 12 months. Steve is not a flashy guy, one who doesn't want his face plastered all over the financial channels. He just manages money, and provides independent, contrarian research to institutional firms from his perch in Minneapolis, MN.
Here is Steve's call In March of this year- Video
In April, Steve called for the S&P to hit 1100, but is calling the rally a cyclical bull, and is expressing caution for 2010- Video
Wall Street Upgrades Stocks that Insiders are Selling
Clearly, the RSI (Relative Strength) values of each of these stocks put their valuations closer to the Distribution Zone (Sell Zone) than buys as these analysts suggest.
Analysts at Barclays Capital reiterate their "overweight" rating on Rockwell Collins (COL). The target price has been raised from $49 to $55.
Rockwell Collins (COL) Insider Selling
RSI Values: 7days-84.27, 7 weeks-78.8, 7 months-69.03
Credit Suisse upgraded the shares of Gap Inc. to "Outperform" from "Neutral" and said the clothing retailer was poised for better performance.
Gap (GPS) Insider Selling
RSI Values: 7days-81.15, 7 weeks-87.21, 7 months-74.77
Argus upgraded FedEx (FDX) to buy from hold on Monday.
FedEx (FDX) Insider Selling
RSI Values: 7days-60.48, 7 weeks-71.03, 7 months-64.67
On September 22, analysts at Credit Suisse upgrade Hewlett-Packard (HPQ) from "neutral" to "outperform." The target price has been raised from $44 to $55.
Hewlett-Packard (HPQ) Insider Selling
RSI Values: 7days-79.8, 7 weeks-87.65, 7 months-70.49
If you want to see the RSI's of the three market darlings, check out how Google (GOOG), and Apple (AAPL) are clearly in the "Sell Zone", and Research in Motion (RIMM) too.
Google (GOOG)- RSI Values: 7days-88.53,7 weeks-78.79,7 months-71.04
Apple (AAPL)- RSI Values: 7days-80.00,7 weeks-84.42,7 months-77.06
Research in Motion (RIMM)- RSI Values: 7days-77.88,7 weeks-69.74,7 months-59.89
