BUY IDEAS
from Investor’s Intelligence
Barnes Group (B)
This industrial and aerospace manufacturer just beat analysts’ earnings forecasts by $0.05.
Barnes Group (B) rose 1.7% on Thursday, outperforming. The relative chart is moving up from the lower end of a medium-term range. Further outperformance likely, with a test of the record price high from January possible over the near-term.
Veeco Instruments (VECO)
This company has two recent analyst upgrades to Buy—from CLSA and Berenberg.
Veeco Instruments (VECO) is well-positioned to reassert price and relative uptrends from here. Recent lows could be used as a stop loss.
John Gray, Investors Intelligence, www.investorsintelligence.com, 914-632-0422, April 21, 2014