Is the “cult of equity” dead and buried?  (FT Alphaville)

Running a quick screen on finviz.com I came up with a list of just under 50 of the hottest stocks in terms of performance.  I pulled out 4 names at the bottom of the list which are takeover candidates.  Here are the criteria:

Better industrial data out of China and the surprising ISM print in the US has every, already confused trader, becoming ‘more lost’ in whatever convictions they have left. At least we have the NFP crap-shoot still to come, that is bound to surprise. We may give up all we have gained in a heart beat this week and we would be none the wiser! Interpreting trading strategies is like a new form of ‘ping-pong’, back and forth with risk appetite. This morning the EUR remains king and has managed to extend its gains in the wake of a well received French and Spanish auctions.

In our April 13, 2010 post “PotLuck” on Honeywell’s UOP subsidiary (HON: NYSE) we made the call that Honeywell is a company to watch in the renewable fuel segment. The reference to an assorted menu was inspired by UOP’s plans to use a variety of feedstocks to produce a green biofuel using the pyrolysis process licensed from its joint venture partner Ensyn Corp.

A day when buyers took over the reins and didn't look back all the way to the market close. The only speed wobble was the light volume in the markets for an almost 3% gain on the day. For the S&P there was even a nascent 'buy' signal in the CCI.

($SPX)