Stocks This Week: Buy Valero And Interpublic Group Of Companies

Posted by Admin November 28, 2022 Tech

Photo by Spencer Platt/Getty Images

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The relative strength/seasonality screen applied to the sectors tells us that energy is top-ranked for December.

Valero is number one in the energy sector for the month of December in this top-ranked sector. The histogram below tells us that the stock has risen 72% and 68% respectively in the months of December and January. From November 30^th through yearend, the stock has risen 71% of the time over the last 24 years. The technical picture is supportive of higher prices, likely to the $150 area.

Valero Monthly Histogram Of Expected Return

This is the best two-month period in which to hold the stock.

Cycles Research Investments LLC

Blue: Average Percentage Change

Red: Probability of a rise on that day

Green: Expected Return (Product of the first 2)

Valero Daily Graph

Relative strength has been strong.

Cycles Research Investments LLC

The Interpublic Group
IPG
of Companies provides advertising and marketing services. The stock is top-ranked for the month of December in the S&P 500. Seasonally, it has been the single strongest stock in the index in December, rising almost 81% of the time. The stock is ranked number 16 in terms of relative strength. The shares are likely to challenge the old high just below $40.

IPG Monthly Histogram

This is the best performing stock in the S&P 500 in December.

Cycles Research Investments LLC

Blue: Average Percentage Change

Red: Probability of a rise on that day

Green: Expected Return (Product of the first 2)

IPG Daily Graph

Momentum and relative strength remain strong.

Cycles Research Investments LLC