20 'Bathwater Babies' and 0 'Dogs with Fleas' for the Week

At the end of each trading week, Hillbent scans for the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas over the upcoming trading weeks. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our Market Condition Summary to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.

1) Stocks with Hillbent’s proprietary "A" (strongest) or "B" (next strongest) ranking in terms of positive fundamentals for revenue and earnings stability comprise what is better known as the "Weekly Babies With Bathwater" watchlist. (See results below)

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Weekly Babies With Bathwater (06-19-2009)

2) Stocks with Hillbent’s proprietary "E" (weakest) or "D" (next weakest) ranking in terms of negative fundamentals for revenue and earnings stability represent what is better known as the "Weekly Dogs With Fleas" watchlist. (See results below)

Weekly Dogs With Fleas (06-19-2009)

This week’s screen generated no results.

Disclosure: Hillbent.com, Inc. or its affiliates may own positions in the equities mentioned in our reports. We do not receive any compensation from any of the companies covered in our reports.

Comments

[Missing_Link:]

Thanks for the list, but I'm not sure I would touch any of these right now; from looking at the technical indicators, everything in your list except SMMX is giving out a bearish signal.

Jun 21 12:00 PM

[Go4soda:]

Nice to see Cott Beverages on the list with strong fundamentals. The street was betting it would continue to lose money in the first quarter but - surprise - it made a profit for the first time in seven quarters. Why? Consumers turned to private-label sodas to put on their kitchen table during the recession. I'm predicting more of the same. Buffet says unemployment will reach 10 per cent before long, and all those people - and many of the rest - are going to be eating private label this year. I suggest Cott going from 65 cents to $5.30 in a matter of weeks is one of the best stories of the year.

Jun 28 10:30 PM