Last week I told you that I was steadfastly bullish on this market.
Not cautiously bullish, like most pundits who prefer to hedge their bets. Outright bullish.
Now, the market has taken a step back since then, based largely on the trade skirmishes (not yet trade wars) popping up around the globe. Markets typically don't respond well to tariff saber-rattling, and the current rhetoric is no exception.
In fact, I said in my bullish piece that the S&P 500 Index (^GSPC) could have trouble with the 2,800 level. That's exactly what's been happening, as the SPX topped out last week at 2,791.
But this has not changed my outlook. Nothing has changed in terms of the technicals, volatility, trading volume, the risk-on trade, and interest rates. All are in place to support another bullish run.
With that backdrop, and given the outperformance by technology stocks, today I want to give you two tech names that my "Best in Breed" (BIB) methodology suggests will continue to outperform.
That's what BIB is all about – finding the strongest stocks in the strongest sectors. Let's take a look…
About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Strikepoint Trader and contributes to Money Morning as the Quant Analysis Specialist.