In recognition of #WorldEnvironmentDay, we're looking for stocks to help green up your portfolio. Our Head of North American Research Gary Christie built a screen inside Reuters Eikon to search for U.S. listed companies that have the highest-ranked ESG score and Environmental Pillar Score. The companies must have a Water, Energy, and Sustainable packaging efficiency policy in place. He then took the top results and built a custom watchlist inside Trading Central's "Technical Insight" screener and searched for bullish classic patterns.
Turns out, there are lots of reasons to go green. #OnlyOneEarth
Levi Strauss & Co (LEVI:NYSE) confirms a head and shoulders bottom reversal pattern. The company scored a 63 for ESG and 83 for the Environmental Pillar Score. The stock ranked 31 out of 62 on our list of the top Eco friendly stocks in the USA.
ResMed Inc (RMD:NYSE) also confirmed a head and shoulders bottom reversal pattern and scored a 72 and 77 for ESG and Environmental Pillar.
Nike Inc (NKE:NYSE) confirmed a Double Bottom. The company scored a 67 and 78 for ESG and Environmental Pillar.
The top stock on the list is Owens-Corning (OC:NYSE) which has an impressive 95 and 97 for ESG and Environmental Pillar. The stock confirmed a rare continuation diamond pattern.
Eastman Chemical (EMN:NYSE) also confirmed a double bottom pattern. The company ranked 82 and 86 for for ESG and Environmental Pillar