Our Equity Top Pick List
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Honeywell's stock price may be on the verge of a breakout
Major indices began to fall at the end of last week, but the movements were news-driven, and there has been significant volatility, which has resulted in a low number of opportunities indicating a quality breakout for the past two weeks. This week, one of the stocks from our Equity Top Pick List, Honeywell, also ranked high on the momentum list. After a minor pullback, the technical picture could indeed be supportive.
Uber Falls on Negative News
Uber shares failed to follow through on their breakout attempt, and on Friday, negative news concerning the company’s robotaxi business pushed the share price down to the stop-loss level specified in our trading idea.
We have updated our Equity Top Pick List to reflect the events of the past quarter. The list includes those stocks, typically US and European ones, that we consider to be proper investment choices from a fundamental point of view. It can provide a starting point for building a sector-diversified equity exposure in portfolios, but can also be used as a watch list. Technical analysis should be used to time / determine the specific investment decision.
Given the fundamental selection process, the stocks on the list should be treated as longer-term investment opportunities, but are reviewed on a quarterly basis to check whether the stock is on track with our original expectations or whether there is a sector peer with a better risk/return profile. We note that that our latest Investment Outlook recommends neutral overall exposure to the equity asset class.
Over the past quarter, we have removed the stocks of Ero Copper, Albemarle, and PayPal from our list. The latest analyses of the stocks that are still on our list are available at the links below:
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