Chuck Carlson,CEO of Horizon Investment Services,says they're in a defensive mode.The rally has retraced two-thirds of the decline at this point.Now the market is churning.Can it go higher now?It's at an inflexion point.The market is actually a bit lower than it was at the beginning of earnings season in January.How the market responds to news is always more important than the news itself.
HIS likes Aflac and Travelers insurance companies.These represent good value and have a score of 98 or better on the HIS rating system.HIS also likes Ross Stores,which has good earnings momentum and a score of 99.
HIS is the wealth management affiliate of Horizon Publishing Company,which has been publishing investment newsletters for more than 60 years.It was founded in 1997.
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