Amidst the noise of economic recessions versus slow patches, and technical bottoms versus temporary market retracements, it's important for investors to remember that the stock market consists of hundreds and thousands of individual stocks. Ignoring the macro noise is what technical analysis is all about, which is why Breakout welcomed RBC's Rob Sluymer to help viewers find the stocks working on both a relative and absolute basis.
An investing "focus on stocks versus the market is going to keep us out of trouble," Sluymer says. He likes names which, taken as a basket, go beyond counter-intuitive and into the land of bizzaro stock picking. Sluymer likes Deere (DE), but not Caterpillar (CAT), and consumer discretionary names like Dollar General (DG), but not staples like Target (TGT), and Hamsters (RAT) but not Goldfish (BAIT).
Sluymer acknowledges it's a "hodge podge" but he gives a ton of names to consider. Checking them out for yourself is probably a better use of your time than taking a stab at whether the S&P 500's next move takes us to 1,300 or 1,100. As always, you're welcome to debate and argue amongst yourselves in the comment section:
Consumer Discretionary:
Nike (NKE), Tiffany (TIF), Bed Bath & Beyond (BBBY)
Healthcare:
Cerner Corp. (CERN), Aetna (AET)
Agriculture (It's own sector because "Materials" or "Industrials" doesn't quite cut it):
Potash (POT), Intrepid Potash (IPI), Mosaic (MOS), Deere (DE)
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