Stock Pick Of The Week: Interpublic Group

IPG_LogoThe bullish Chaikin Power Gauge rating reflects very strong price and volume activity in addition to net insider buying. Analysts have very bullish ratings on IPG and have been raising their earnings estimates for 2014. The stock recently broke out to new highs above 18 and has now consolidated those gains in a sideways trend over the past 8 days.

The bullish case for Interpublic Group stems from internal and external developments. IPG was the first of the global advertising conglomerates, converting to a holding company in 1962 when it was known as McCann Erickson. It acquired a number of boutique agencies and grew to become the 4th largest ad agency in the world.

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