For the trailing eight weeks ended July 1, purchases accounted for about 64 percent of transactions for clubs with myICLUB.com accounts. That’s level with the activity for the eight weeks ended June 2.
Cognizant Technology Solutions continued to attract clubs, with 57 buys and 6 sells for the trailing eight weeks. According to the Member Sentiment feature of BetterInvesting’s CoreSSG and SSGPlus online tools, investors on average have been quite consistent in their forecasts.
Users have been projecting long-term sales and EPS growth at about 16 percent, with a high price-earnings ratio of about 25, low price of $33 and potential annual return of 17.5 percent. The average projected high P/E is actually below the historical high and just above the current valuation. The low price is also a healthy 33 percent below the current price.
Other stocks making BetterInvesting’s Most Active List include Under Armour (39 buys, 11 sells), Gilead Sciences (36 buys, 3 sells), Qualcomm (31 buys, 7 sells) and Starbucks (31 buys, 7 sells)
Stocks are mentioned in the tables for educational purposes only. No investment recommendations are intended.