SanDisk Corp Looks Great

Ascendere Weekly Ranking Update:  January 28, 2011
Every week, we include in this report a list of the highest quality and lowest quality stocks as defined by four key factors: 1) Relative Value; 2) Operating Momentum; 3) Analyst Revision Momentum; and 4) Fundamental Quality.  At the end of each month, we take roughly 1/3 of the stocks on this list to construct our various long/short and long-only model portfolios based on real trade data.  But as you can read below, there are several other ways to use this data.

This week, 81 stocks make the “high-quality” list versus 68 last week, with 26 additions and 13 deletions.  31 stocks make the “low-quality” list compared to 26 last week, with 10 additions and 5 deletions.  The number of high-quality Energy, Healthcare and Technology names continue to expand.  While all new additions deserve special attention, we take a special focus on SanDisk Corp. (SNDK).

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Three ways to use this newsletter:

Build your own hedge fund. Use data in this report at discretion or as an enhancement to our model portfolio strategy newsletter.

Anticipate sell side research ratings changes. It is not uncommon to find these stocks presaging changes to sell side price targets, ratings or conviction lists.

Generate relevant long-term ideas for further study. Buy and hold still does work.  We do the heavy lifting and find you “high-quality” stocks; you provide the incremental research time and effort.

Examples of just a few recent sell side actions that we have presaged since December 31, 2010

• 1/27/2011 — TRW Automotive (TRW) — Goldman Sachs upgraded to Buy from Neutral and its price target was also raised to $77 from $60.
• 1/27/2011 — RPC, Inc. (RES) – Gabelli upgraded the stock to Buy from Hold.
• 1/27/2011 — East West Bancorp (EWBC) – Cantor Fitzgerald increased its price target on the stock to $26 from $22.
• 1/27/2011 — United Continental Holdings (UAL) — was upgraded to Buy from Hold at Dahlman Rose.
• 1/26/2011 — East West Bancorp Inc. (EWBC) — Credit Suisse raised its price target to $22 from $20, RBC raised its price target to $23 from $20, Sandler O'Neil raised its target to $23 from $20 and Citigroup raised it to $22 from $20

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