Jupiter turns retrograde on Thursday (Jan 9) at 23° Virgo, where it appears to be stationary for a time. Traditionally, stationary planets increase in strength. I wondered if this could identify a stock likely to outperform.
From a shortlist of 16 stocks hit by this stationary Jupiter, I selected the one with the highest StockRank, Cenkos Securities (LON:CNKS) (SR=92).
Coincidentally with my previous pick (Pendragon), Cenkos is also experiencing a Mars return. In fact, Mars is hitting a stellium of Cenkos' planets from now until the end of February.
Cenkos Securities has very good Value and Quality scores (QV=99), but a low momentum, what the Stockopedia taxonomy classifies as "Contrarian".
Will this Jupiter retrograde period (Jan 9 - May 9) presage a turnaround for Cenkos?
I have no idea, but I am adding it to my portfolio anyway (current price: 167.5p), to join Pendragon. I'm not sure if I should mix different astro techniques in constructing my portfolio. Time will tell!
