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RBC Analysts Have Spotted 4 Top Momentum Stock Buys

If there is one thing that is clearly evident on Wall Street this year, it is that there is some very divergent thought among the major firms we cover. Some are still very bearish and suggest selling every rally immediately. Others are far more positive and point to the basically solid economic news that continues to come out. With the dollar’s strength abating and the economy growing, albeit slowly, one company we cover is staying positive on the current market.

A new report from Robert Sluymer and his outstanding team at RBC makes the case that history tells us declines in secular bull markets like we have seen twice in the past year are often shallow, and the rebounds are often very powerful and sustained. The report also points to the continuing dollar weakness as a positive for stocks, especially cyclicals, some of which have a large percentage of sales outside the United States.

The RBC analysts point to numerous companies in their report. We think that the following four momentum companies they are positive on look very good now. They combine solid fundamentals with outstanding technical patterns.


This is the top pick in its sector and has remained a favorite at RBC for some time. Amphenol Corp. (NYSE: APH) is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in the Americas, Europe, Asia, Australia and Africa and sells its products through its own global sales force, independent representatives and a global network of electronics distributors.

The company has a diversified presence as a leader in high-growth areas of the interconnect market, including: automotive, broadband communications, commercial aerospace, industrial, information technology and data communications, military, mobile devices and mobile networks...