Stocks This Week- Buy Intel, Microsoft and Amazon – Forbes

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Buys, holds and hopes Opinions expressed by Forbes Contributors are their own.

Bill Sarubbi , Contributor

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For this coming week, the wind is in the sails of bullish stocks. The long recommendation from last Sunday, Apple, rose by 3.8% in the last week.

The three stocks are all buys and all are in the Nasdaq. Despite the market turbulence, the relative strength rankings have not changed much. The Nasdaq Composite, the Nasdaq 100 and the Barra Growth Index remain strong. In a bear market, the strongest relative stocks become the worst performers. If a bear market were beginning, these indices and stocks would be starting to lag. This has not begun.

Intel is attractive. The cycle bottoms on the 18th and runs up for the coming week. In the last year, 75% of the buy signals have been successful. Relative strength is strong and is expected to sustain. Daily momentum is turning up.

Chart 1

Cycles Research Investments, LLC

Intel’s share price cycle points up in the coming week.

Chart 2

Cycles Research Investments, LLC

Relative strength is strong.

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