Data from the Institute for Supply Management shows the pace of growth in the U.S. manufacturing sector picked up in March, from 52.4 to 53.4, pushing U.S. stocks higher. Economists had anticipated a reading of 53.0. (STAY AHEAD OF THE CURVE: Follow Kapitall on Twitter) The resulting rally was led by energy and basic material stocks, which brought the S&P 500 to its highest levels since May of 2008 and the Dow to December 2007 highs. Europe also benefited: Reuters reports “The upbeat U.S. data and an 11-month high in the official Chinese purchasing manufacturing index lifted European shares to their biggest daily gain in three weeks.“ Business Section: Investing Ideas So, which companies are benefiting from this trend? The answer greatly lies within the energy (utilities) and basic resources industry. But which names might have more upside to price in? For ideas we began by screening for stocks in the aforementioned industries with market caps above $10 billion, and then for those that are currently rallying above their 20-day, 50-day, and 200-day moving averages. We also looked for stocks that have seen greater increases in EPS estimate over the last 30 days than changes in price over the same time period. This may indicate that the stock is discounted from its fair value. These large-cap names have upward bullish momentum, do you think any of these names have more to price in?

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