RBC Says to Stay Long the Market: These 4 Top Blue Chips Look Good

If one thing 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 solid economic news that continues to come out week after week. With the dollar’s strength abating and the economy growing, one firm we cover is very positive on the current market.

A new report from Robert Sluymer and his outstanding team at RBC makes the case that history tells us that declines in secular bull markets like we have seen twice in the past nine months are shallow, and the rebounds are often very powerful and sustained. The RBC report points to numerous sectors and the stocks that looked good. We found four large cap, blue chip companies that look outstanding now. They combine solid fundamentals with outstanding technical patterns.

Let's check those out...


Source: 24/7 Wall St.