January 26th Market Update & ETF & Stock Rankings

27. Jan, 2012 0 Comments

This is David Cohne, Head Strategist for No BS Investor, with your weekly market update and ETF & Stock Rankings.

Through January 26h, the S&P 500 is up 4.8% for the year, the Dow Jones Industrial Average is up 4.2%, the Nasdaq is up 7.7% and the EAFE index, which tracks the international markets is up 6.6% for the year. Our No BS ETF Trader model is up 4.7%.

The rally that has lasted most of this month is now showing some signs of weakness. The S&P 500 finished the day down .57%. This was mostly due to home sales figures that were weaker than expected and poor earnings reports. There had been optimism among some real estate analysts that the housing problems were finally hitting a bottom. This was challenged by a report on Wednesday of lowered pending home sales and today’s report that sales of new single family homes fell 2.2% in December. This affected Toll Brothers Inc, which lost 5%. This also led to a drop in banks SunTrust Banks Inc dropped 5.2% for the day. In other economic news, weekly jobless claims were inline with estimates, rising 21,000. Also, the December orders for durable goods grew 3%.

In other corporate news, Caterpillar Inc was up 2.1% which reported a 60% increase in quarterly earnings. 3M Co reported higher than expected quarterly earnings figures. This led to a 1.3% increase. A&T Inc fell 2.5% after it posted a $6.7 billion quarterly loss. Micromet jumped 32.1% after news that Amgen Inc would purchase the company for $1billion.

Our Free Weekly Rankings

These rankings reflect our top picks for next week.

For our weekly ETF Rankings, here are our top 5 ranked ETFs of the week.

(EDV) Vanguard Extended Duration
(ZROZ) PIMCO 25 Year CouponUSTreasury
(TLT) iShares Barclays 20+ Year Treasury
(VGLT) Vanguard Long Term Government Bond
(TLO) SPDR Barclays Capital Long Term

For our weekly Stock Rankings, here are our top 5 ranked stocks of the week:

(LM) Legg Mason Inc
(OCC) Optical Cable Corp
(CZZ) Cosan Limited
(SU) Suncor Energy Inc
(RRGB) Red Robin Gourmet Burgers, Inc

Please note these are rankings and not suggested portfolio holdings. For more information on model portfolios, please visit http://www.nobsinvestor.com or check out the current holdings of a Premium No BS ETF Investor & Stock Investor models below:

No BS ETF Investor Special Model Holdings