Upgraders Have the Pulse of the Market

 | Jan 12, 2012 | 11:33 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

ctsh

,

tsco

,

wsm

,

CAN

,

DKIS

Accenture (ACN) has become a battleground stock, downgraded yesterday by Goldman and upgraded by Sanford Bernstein.

This morning, I saw Cognizant Technology (CTSH) mildly disappointed, and it opened down large. What I found amazing is that Accenture barely got hit.

This says to me -- a guy who told you to avoid the stock when it was flying high – is that the upgrade may have more gravitas than the downgrade.

Accenture is a tweener. It wasn't awful last year which, of course, would make it a great stock in 2012. But it wasn't great, having retreated a good amount from its high last year.

To me, with a 2.5% yield and a level of consistent performance that I find awe-inspiring, now inoculated by its good performance in the wake of competitor Cognizant, maybe you take down some Accenture as it looks like, for the moment, that the upgraders have the pulse of the market.

Random musings: Execution matters more than ever. Dick's Sporting (DKS) and Tractor Supply (TSCO) rock, and Williams-Sonoma (WSM), which disappointed, is getting hammered. I actually like WSM, but it certainly was a mistake to like it after this level of discounting.

Columnist Conversations

Texas Instruments is surging today. Shares are up over 2.7% and are moving further into new 52W high gro...
Shares of Amazon (AMZN) have been trading within a set of Fibonacci retracements measured off their 2014 range...
Flat day in the market at mid-day. Lots of commentary around OPEC meeting tomorrow. Court ruling clears way f...
Shares of home improvement retailer Lowe's began a healthy pullback yesterday. The stock traced out a ke...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.