Steady Return Stock - BAC
The steady return stock of the day is Bank of America Corp. (BAC), one of the leading banking service provider in Unite States. The banking giant has been doing well since 2000, where the dot-com boom is about to turn to dot-com bust. People who invested in the technology sector at that time and lost more than half of the portfolio will probably be hitting their head against the wall when they see the performance of the boring banking stock during the same period - which the value almost went trippled. Even now the stock is still going well as the technical and financial side show this is a steady growing stock:
Technical
The 52 weeks chart shows this is a steady return stocks. First of all since May of this year the 50 day and 200 day moving average have been rising steadily. Then since 50 day MA crossed on top over 200 MA last December, it has stayed relatively close to 200 day moving average. In addition besides the dip in February and pop in May, the stock staying very close to 50 day moving average and we can confirm this is a relatively steady growing stock.
Financial
The revenue for the past three years has been growing steadily, from $49 billion in 2003 to $63 billion in 2004 and then $83 billion in 2005. In addition net income has also been going up steadily from $10 billion in 2003 to $14 billion in 2004 and $16 billion last year.
1. Market Potential(Bank): 4
2. Technical: 4
3. Financial: 5
Overall Rating: A
Technical
The 52 weeks chart shows this is a steady return stocks. First of all since May of this year the 50 day and 200 day moving average have been rising steadily. Then since 50 day MA crossed on top over 200 MA last December, it has stayed relatively close to 200 day moving average. In addition besides the dip in February and pop in May, the stock staying very close to 50 day moving average and we can confirm this is a relatively steady growing stock.
Financial
The revenue for the past three years has been growing steadily, from $49 billion in 2003 to $63 billion in 2004 and then $83 billion in 2005. In addition net income has also been going up steadily from $10 billion in 2003 to $14 billion in 2004 and $16 billion last year.
Steady Return Stock Rating(1 ~ 5, 5 means highest):
1. Market Potential(Bank): 4
2. Technical: 4
3. Financial: 5
Overall Rating: A