S&P Top 10 Makes Time for Movado

S&P adds the watch maker to replace gas company Oneok in its portfolio of favorite stock ideas

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By Kenneth Shea

February 15, 2006 at 5:00 AM UTC

This article is for subscribers only.

On Feb. 15, Standard & Poor's Equity Research Group made changes to the S&P Top Ten Portfolio -- those stocks it considers to be the best candidates for capital gains over the next 6 to 12 months. S&P added watch maker Movado Group (MOV), which carries a strong buy recommendation, and took out gas company Oneok (OKE), which continues to be ranked buy.

S&P initiated coverage of Movado earlier this month with a 5-STARS, strong buy opinion. This reflects our view of its growing product assortment in the healthy luxury goods market, including its namesake brand of fashion watches, its record of earnings and dividend growth (S&P Quality Ranking of A-), and solid finances (See BW Online, 2/7/06, "Movado: Time Is on Its Side").