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A case for Johnson Controls

By SumOfSome | March 5, 2007

Since the first set of Sum of Some Screens has been run, I would like to discuss one particular stock to highlight as a potential pick, Johnson Controls (Ticker:JCI).

green Screen Recommendations:  JCI appears both on The Sivy 70 and TheStreet’s “All Around” list.

green Analyst Expectations: Based on MSN’s analyst report, JCI is a Hold.  However, looking at Briefing’s Analyst Upgrades/Downgrades will show a recent upgrade by Banc of America to $120/share, an increase of 26% should JCI reach this point from its current $94.55/share level.

green Technical Indicators: Until last week’s market correction, JCI was trending upward based on a 50/13 MACD graph, which you can reference at ClearStation.  It is now showing neutral, but should the market correct upward, this will likely head back to green.  Additional trending charts at over different intervals still lean toward a buy signal, even after last week.

green On Sale: Last week reduced JCI’s share price by 2.2% along with the rest of the market, possibly making it a bit cheaper buy than otherwise expected.

We will soon see what this coming week has in store for us, and for JCI.

Topics: JCI, Ticker, Trade, Trade Opinion | No Comments »