Weekly Upgrades and Downgrades

I decided to revise my Stock Grader recommendations for 129 big blue chips.

Source: iQoncept/Shutterstock.com

During these busy times, it pays to stay on top of the latest profit opportunities. And today’s blog post should be a great place to start. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Stock Grader recommendations for 129 big blue chips. Chances are that you have at least one of these stocks in your portfolio, so you may want to give this list a skim and act accordingly.

Upgraded: Buy to Strong Buy

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
AEP	American Electric Power Company, Inc.	A	C	A
AGR	Avangrid, Inc.	A	B	A
AVB	AvalonBay Communities, Inc.	A	B	A
BURL	Burlington Stores, Inc.	A	B	A
CPNG	Coupang, Inc. Class A	A	C	A
D	Dominion Energy Inc	A	C	A
DOC	Healthpeak Properties, Inc.	A	B	A
ED	Consolidated Edison, Inc.	A	C	A
ET	Energy Transfer LP	A	C	A
EWBC	East West Bancorp, Inc.	A	C	A
FIS	Fidelity National Information Services, Inc.	A	C	A
GMED	Globus Medical Inc Class A	A	A	A
JLL	Jones Lang LaSalle Incorporated	A	B	A
KGC	Kinross Gold Corporation	A	A	A
LNT	Alliant Energy Corporation	A	C	A
MFC	Manulife Financial Corporation	A	B	A
NEE	NextEra Energy, Inc.	A	C	A
PCVX	Vaxcyte, Inc.	A	C	A
PEG	Public Service Enterprise Group Inc	A	B	A
RVMD	Revolution Medicines, Inc.	A	C	A
TPL	Texas Pacific Land Corporation	A	C	A
VST	Vistra Corp.	A	B	A

Downgraded: Strong Buy to Buy

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
AEE	Ameren Corporation	A	C	B
AXON	Axon Enterprise Inc	B	B	B
CB	Chubb Limited	A	B	B
CHD	Church & Dwight Co., Inc.	A	C	B
DAL	Delta Air Lines, Inc.	A	C	B
DUK	Duke Energy Corporation	A	C	B
GE	GE Aerospace	A	B	B
GIS	General Mills, Inc.	A	C	B
HEI.A	HEICO Corporation Class A	A	B	B
HLN	Haleon PLC Sponsored ADR	A	C	B
HOLX	Hologic, Inc.	A	B	B
IRM	Iron Mountain, Inc.	A	D	B
KKR	KKR & Co Inc	A	C	B
NRG	NRG Energy, Inc.	A	D	B
PBA	Pembina Pipeline Corporation	A	C	B
RSG	Republic Services, Inc.	A	C	B
TEVA	Teva Pharmaceutical Industries Limited Sponsored ADR	A	D	B
UL	Unilever PLC Sponsored ADR	A	C	B
WRB	W. R. Berkley Corporation	A	C	B

Upgraded: Hold to Buy

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
APD	Air Products and Chemicals, Inc.	B	C	B
AWK	American Water Works Company, Inc.	B	C	B
CF	CF Industries Holdings, Inc.	B	B	B
CG	Carlyle Group Inc	B	B	B
COIN	Coinbase Global, Inc. Class A	B	C	B
DOV	Dover Corporation	B	C	B
FLUT	Flutter Entertainment Plc	B	C	B
GFL	GFL Environmental Inc	B	C	B
ILMN	Illumina, Inc.	B	C	B
J	Jacobs Solutions Inc.	B	C	B
JNJ	Johnson & Johnson	B	C	B
NGG	National Grid plc Sponsored ADR	B	C	B
PAA	Plains All American Pipeline, L.P.	B	C	B
PFE	Pfizer Inc.	C	B	B
RBA	RB Global, Inc.	B	C	B
SJM	J.M. Smucker Company	B	C	B
SRPT	Sarepta Therapeutics, Inc.	B	C	B
SUI	Sun Communities, Inc.	B	B	B
TAK	Takeda Pharmaceutical Co. Ltd. Sponsored ADR	B	B	B
TGT	Target Corporation	B	B	B
TU	TELUS Corporation	B	B	B

Downgraded: Buy to Hold

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
AER	AerCap Holdings NV	B	D	C
ARM	ARM Holdings PLC ADR	C	B	C
BKNG	Booking Holdings Inc.	B	C	C
BR	Broadridge Financial Solutions, Inc.	C	C	C
CCL.U	Carnival Corporation	C	B	C
CHKP	Check Point Software Technologies Ltd.	C	C	C
DECK	Deckers Outdoor Corporation	C	B	C
EXPE	Expedia Group, Inc.	C	B	C
EXR	Extra Space Storage Inc.	C	C	C
FANG	Diamondback Energy, Inc.	B	D	C
FWONK	Liberty Media Corp. Series C Liberty Formula One	B	C	C
IMO	Imperial Oil Limited	B	C	C
INFY	Infosys Limited Sponsored ADR	C	C	C
LEN	Lennar Corporation Class A	C	C	C
LPLA	LPL Financial Holdings Inc.	C	B	C
NTAP	NetApp, Inc.	C	B	C
OTIS	Otis Worldwide Corporation	C	C	C
OWL	Blue Owl Capital, Inc. Class A	C	B	C
PANW	Palo Alto Networks, Inc.	C	B	C
PAYC	Paycom Software, Inc.	C	C	C
PDD	PDD Holdings Inc. Sponsored ADR Class A	C	B	C
PFGC	Performance Food Group Co	C	C	C
PWR	Quanta Services, Inc.	C	C	C
RPM	RPM International Inc.	C	C	C
SAN	Banco Santander S.A. Sponsored ADR	C	B	C
SHW	Sherwin-Williams Company	C	C	C
SPGI	S&P Global, Inc.	C	B	C
TDG	TransDigm Group Incorporated	B	D	C
UBER	Uber Technologies, Inc.	C	A	C

See also <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>The Nasdaq's Record-Breaking Surge: Unveiling the Key Stocks Behind the Milestone</title></head><body> <article> <h2>The Nasdaq Composite Ascends to Unprecedented Heights</h2> <p>After years of dormancy, the <strong>Nasdaq Composite</strong> <span class="ticker" data-id="220473">(NASDAQINDEX: ^IXIC)</span> triumphantly shattered its 2021 record on the final day of February. While the future trajectory of the Nasdaq remains obscured, astute investors can examine the pivotal stocks that likely propelled the index to this remarkable zenith.</p> <h2>The Power of Nvidia</h2> <p>Envision no astonishment when recognizing the integral role played by artificial intelligence chip purveyor <strong>Nvidia</strong> <span class="ticker" data-id="204770">(NASDAQ: NVDA)</span> in the Nasdaq's meteoric ascent. Nvidia's substantial 240% surge over the past year, dwarfing the Nasdaq's 40% climb, coupled with its weighty 5.03% index representation, elucidates its proclivity as a major driving force behind the index's recent success.</p> <h2>The Amazon Phenomenon</h2> <p>Fronted by e-commerce and cloud behemoth <strong>Amazon</strong> <span class="ticker" data-id="202816">(NASDAQ: AMZN)</span>, another stalwart that has outpaced the index with an 87% upsurge in the last year, doubling the Nasdaq's performance. With a weight of approximately 6.45% - ranking as the third-largest in the index - Amazon's triumph significantly influences the broader index's trajectory.</p> <h2>The Dominance of Alphabet</h2> <p>Underestimated as a colossal contributor to the Nasdaq Composite, internet titan <strong>Alphabet</strong> <span class="ticker" data-id="288965">(NASDAQ GOOG)</span> <span class="ticker" data-id="203768">(NASDAQ: GOOGL)</span> stealthily ranks as a substantial segment due to its dual-share structure. Notably, with the amalgamation of Class A and C shares, Alphabet surpasses Amazon as the Nasdaq's third-highest weighting at 6.72%. The stock's impressive 50% surge over the past year fortifies the Nasdaq's soaring trajectory.</p> <h2>Impending Storms: Apple and Microsoft's Looming Influence</h2> <p>However, looming on the horizon are the ramifications of Nasdaq's heaviest hitters, <strong>Apple</strong> <span class="ticker" data-id="202686">(NASDAQ: AAPL)</span> and <strong>Microsoft</strong> <span class="ticker" data-id="204577">(NASDAQ: MSFT)</span>, collectively constituting a colossal 23.8% of the entire index. Apple, trailing the index by nearly half in the past year, and Microsoft, exhibiting a robust 65% price appreciation, face elevated valuations that could potentially impede their future growth. The divergent paths of these tech titans may wield a profound impact on the Nasdaq's trajectory.</p> <p>The potential acme of these stocks to languish or falter owing to their lofty valuations poses a looming threat to the Nasdaq's exuberance. The tug-of-war between ascending and descending stocks will likely be pivotal in shaping the index's course ahead.</p> <p>For investors navigating these turbulent waters, deploying a diversified investment approach, adhering to long-term investment perspectives, and gradually acquiring positions can safeguard against unwelcome market volatilities.</p> <footer> <p>Should you invest $1,000 in NASDAQ Composite Index right now?</p> </footer> </article></body></html><!DOCTYPE html><html><head> <title>Investor Insights: NASDAQ Composite Index</title></head><body> The Unvarnished Truth About Investing in NASDAQ Composite Index

Upgraded: Sell to Hold

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
ARE	Alexandria Real Estate Equities, Inc.	D	B	C
BDX	Becton, Dickinson and Company	D	B	C
CNH	CNH Industrial NV	C	C	C
CNQ	Canadian Natural Resources Limited	C	C	C
EMR	Emerson Electric Co.	C	C	C
EOG	EOG Resources, Inc.	C	C	C
EPAM	EPAM Systems, Inc.	D	B	C
MRK	Merck & Co., Inc.	D	C	C
PBR.A	Petroleo Brasileiro SA Sponsored ADR Pfd	D	C	C
PR	Permian Resources Corporation Class A	D	B	C
TECK	Teck Resources Limited Class B	C	D	C
TS	Tenaris S.A. Sponsored ADR	D	C	C

Downgraded: Hold to Sell

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
AAPL	Apple Inc.	D	C	D
APG	APi Group Corporation	D	C	D
BCE	BCE Inc.	C	D	D
BEPC	Brookfield Renewable Corp. Class A	C	F	D
BMRN	BioMarin Pharmaceutical Inc.	F	B	D
CCJ	Cameco Corporation	D	C	D
DDOG	Datadog Inc Class A	D	B	D
FDS	FactSet Research Systems Inc.	D	C	D
ITUB	Itau Unibanco Holding S.A. Sponsored ADR Pfd	D	C	D
MSCI	MSCI Inc. Class A	D	C	D
PTC	PTC Inc.	D	B	D
QCOM	QUALCOMM Incorporated	D	B	D
QSR	Restaurant Brands International, Inc.	D	C	D
ROST	Ross Stores, Inc.	D	B	D
SQ	Block, Inc. Class A	D	C	D

Upgraded: Strong Sell to Sell

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
ACI	Albertsons Companies, Inc. Class A	F	C	D
CTRA	Coterra Energy Inc.	F	C	D
EQT	EQT Corporation	F	C	D
GFS	GlobalFoundries Inc.	F	C	D

Downgraded: Sell to Strong Sell

Symbol	Company	Quantitative Grade	Fundamental Grade	Total Grade
GMAB	Genmab A/S Sponsored ADR	F	C	F
HAL	Halliburton Company	F	C	F
HMC	Honda Motor Co., Ltd. Sponsored ADR	F	D	F
ICLR	ICON Plc	F	C	F
PPG	PPG Industries, Inc.	F	C	F
TM	Toyota Motor Corp. Sponsored ADR	F	D	F
ZS	Zscaler, Inc.	F	C	F

To stay on top of my latest stock ratings, plug your holdings into Stock Grader, my proprietary stock screening tool. But, you must be a subscriber to one of my premium services. Or, if you are a member of one of my premium services, you can go here to get started.

Sincerely,

Source: InvestorPlace unless otherwise noted

Louis Navellier

Article printed from InvestorPlace Media, https://investorplace.com/market360/2024/11/20241111-upgrades-downgrades/.

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