It’s often hard to look for opportunity in the midst of crisis, but that’s how you succeed in business and in life.
We’re continuing to see a shift in leadership away from commodity related names. You can even see it reflected in the way the country ETFs for Canada, [[EWC]] and Australia, [[EWA]] have been trading of late.
Right now, leadership is shifting over to the transports (non-air), environmental services, REITs, business products and services, biotech, drugs and banks. Even S&L’s are showing some signs of life. That’s what I’m seeing.
Take note that I am speaking strictly from the technical underpinnings of the market, not from the headlines.
The following look good here:
Transports:
Canadian National Railway (USA) [[CNI]] , $52.25; $71 target
Kansas City Southern [[KSU]] , $53.14; $69 target
J.B. Hunt Transport Services, Inc. [[JBHT]] , $36.36; $51 target
Marten Transport, Ltd [[MRTN]] , $20.63; $32.50 target
[[UACL]] , $25.04; $37.50 target
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Environmental services:
Casella Waste Systems Inc. [[CWST]] , $12.76; $22.50 target
Donaldson Company, Inc. [[DCI]] , $43.94; $79 target
Tetra Tech, Inc. [[TTEK]] , $29.13, $47.50 target
Waste Connections, Inc. [[WCN]] , $ 35.19; $47 target
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REITs:
Acadia Realty Trust [[AKR]] , $22.70; $35 target
Digital Realty Trust, Inc. [[DLR]] , $42.51; $56 target
Equity Lifestyle Properties, Inc. [[ELS]] , $48.02; $66 target
Health Care REIT, Inc. [[HCN]] , $50.62; $71 target
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Business products and services:
Accenture Ltd. [[ACN]] , $41.33; $61 target
Apollo Group, Inc. [[APOL]] , $62.90; $84 target
DeVry Inc. [[DV]] , $55.69; $71 target
FTI Consulting, Inc. [[FCN]] , $71.62; $105 target
ICON plc (ADR) [[ICLR]] , $81.88; $101 target
Gartner, Inc. [[IT]] , $24.65; $32.50 target
Staples, Inc. [[SPLS]] , $22.92; $34 target
Developing………….
Disclaimer: Make sure you understand the risks and potential sacking and pillaging that could happen to your account if you trade blindly, “lazy-mouse-clicker style”, without doing your own due diligence.
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