Hi Marty, Just wondering why stocks leave the lists without being mentioned as to why. CROX for example. Haven't seen that one in a couple of days. SHOP was on the list and then the next day I didn't see it. SO, can you tell me what exactly it means when a stock is one a list for a while then it's not?
Thanks!
Kim,
I am not sure which list you are referencing. Every weekend I publish a leading stocks list that currently includes 16 stocks. These are stocks that have been showing relative strength and leaders of their industry groups. CROX is currently the #1 stock. Some of the stocks may be actionable while many are not.
Every morning and evening I publish a watch list with "actionable ideas." These are stock that are trading near buy points and more likely ready to move.
Here is the watch list from this morning:
THE WATCH LIST (Actionable Ideas)
ETSY This retail internet stock has corrected since November 2021. The stock has currently formed a stage one base. The he stock pulled back to its 10ema and found support. It is trading near a buy point of $136.91.
MNST This beverage non-alcoholic stock has consolidated in a flat base pattern for eight weeks. This stock is trading near a standard buy point of $104.65.
BHP This mining metal stock has consolidated for 40 weeks. It has formed a base on base pattern and trades near a buy point of $69.18. This stock is starting to push away from its base.
PI This semiconductor fabless stock soared 29% with 620% above its average daily volume on October 27 after its earnings report. It formed a cup shaped base, and they just reported earnings again on January 10 with a muted reaction. The stock is trading near a standard buy point of $129.02.
CHX This oil and gas drilling stock has consolidated for nine weeks. It has formed a cup shaped pattern and just had that shakeout we were looking for as it pulled back to its 21ema. This stock trades near an early entry buy point of $31.00.
A reminder of the stocks posted on the watch list last night. I include their ticker symbols and buy points. AXON $189.62 UBER $29.60 ONON $20.95 MT $31.72 ALGM $34.14
There have been 15 stocks on our watch list dating back to last weekend's report.
The leading stock list is published every weekend, and as I stated earlier some of the stocks are not "actionable" including CROX which is a little extended. I could post that list every day to keep those leading stocks in everyone's view. These are the 16 leading stocks I currently have listed.
1. CROX added December 10 price $94.77
INDUSTRY: Crocs, Inc., is a Colorado maker of unique clogs that became extremely popular in the early 2000s with both men and women. The inexpensive shoes rely on a proprietary closed-cell resin material called Croslite to produce a lightweight, slip-resistant, odor-resistant, non-marking sole. The material also softens with body heat, thus molding the shoe to the foot of the wearer and providing a comfortable fit. Originally intended for use on boats and in other outdoor activities like hiking, fishing, and gardening, Crocs has also found a market with working people who spend a lot of time in their feet, such as health care and restaurant workers.
BUY RANGE: This stock is extended.
COMMENT: This stock traded at a 52 week high of $131.18 on Wednesday and pulled back to its 10ema.
2. ELF added November 19 price $54.92
INDUSTRY: We make high-quality, prestige-inspired cosmetics and skin care products at an extraordinary value and are proud to be 100% vegan and cruelty-free. As one of the first online beauty brands, e.l.f. continues to attract a highly-engaged audience and set benchmarks with new digital platforms.
BUY RANGE: ELF is extended
COMMENT: This stock closed 0.4% above its 50sma on Friday.
3. CPRX added September 3 price $13.75
INDUSTRY: Catalyst Pharmaceuticals is a commercial-stage biopharmaceutical company focused on in-licensing, developing, and commercializing novel medicines for patients living with rare diseases.
BUY RANGE: This stock is extended.
COMMENTS: This stock is behaving well.
4. FSLR added September 17 price $135.81
INDUSTRY: First Solar, Inc. is an American manufacturer of solar panels, and a provider of utility-scale PV power plants and supporting services that include finance, construction, maintenance and end-of-life panel recycling.
BUY RANGE: This stock is not in a buy range.
COMMENT: This stock traded down to its 21ema and found support on Friday
5. VRTX added June 25 price $292.55
INDUSTRY:Vertex’s product pipeline includes drug regimens targeting specialty diseases like sickle cell disease, beta thalassemia, Duchenne muscular dystrophy, alpha-1 antitrypsin deficiency, pain, and APOL1-mediated kidney diseases.
BUY RANGE: This stock is below its buy point.
COMMENT: The stock traded down to its 200sma and found support. It rallied above its 50sma like a champ. This is what ELF needs to do!
6. CELH added July 9 price $78.45
INDUSTRY: Celsius Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides thermogenic calorie-burning beverages. The Company markets its beverages multiple channels including grocery, drug, convenience stores, gyms, and nutrition stores
BUY RANGE: This stock is trading near a buy point of $108.80.
COMMENTS: This stock sliced its 50sma last week.
7. IRDM added January 7 price $59.00
INDUSTRY: Iridium is a global satellite communications company, providing access to voice and data services anywhere on Earth. With its constellation of satellites, Iridium’s network connects people and devices in the world’s most remote places — and close to home.
BUY RANGE: This stock is extended
COMMENTS: This stock traded down to its 10ema and found support.
8. SANM added November 12 price $67.61
INDUSTRY: Sanmina Corporation | End-To-End Design, Manufacturing, Logistics & Repair Solutions For OEMs. Solutions For High Technology OEMs. Communications, Cloud Computing, Industrial, Medical, Automotive, Defense and Aerospace.
BUY RANGE: This stock is forming a base.
COMMENT: This stock was rejected at its 50sma.
9. PI added December 10 price $113.40
INDUSTRY: PI Semi is founded by a team of industry veterans with a successful track record designing and marketing quality analog and mixed signal ICs, a market enjoying $60B in its annual turnover worldwide. Our core IPs and products support such applications as highspeed optical communications, RF bias for 5G infrastructure, medical devices and systems, BMS, industrial control, and automotive ADAS systems and so on.
BUY RANGE: This stock is forming a base.
COMMENT: This stock did a round trip last week.
10. NVO added January 7 price $138.50
INDUSTRY: For almost 100 years, we have been translating the unmet medical needs of people living with a serious chronic disease into innovative medicines and delivery systems. Our treatments today are helping millions of people living with diabetes, obesity, rare bleeding disorders and growth hormone-related disorders.
BUY RANGE: This stock is extended
COMMENTS: This stock is showing strength and making new highs. This is how a leading stock need sot perform.
11. STLD added December 24 price $102.59
INDUSTRY: What we do. We are one of the largest domestic steel producers and metal recyclers in the United States, with one of the most diversified product and end-market portfolios in the domestic steel industry.
BUY RANGE: This stock is not near a buy point.
COMMENTS: This stock sold off three consecutive days and then found support on Friday.
12. FOUR added January 7 price $55.00
INDUSTRY: Shift4 Payments is a merchant services provider, which means it provides small businesses with one or more merchant accounts. Merchant accounts are a special type of bank account where money from processed transactions goes before moving to the business’s bank account
BUY RANGE: The stock is extended.
COMMENTS: This stock traded down to its 10ema and bounced off support. This is how a leading stock must perform.
13. TDW added January 14 price $39.05
INDUSTRY: Tidewater owns and operates one of the largest fleets of OSVs (Offshore Support Vessels) in the industry, with over 60 years of experience supporting offshore energy exploration and production activities worldwide.
BUY RANGE: This stock is slightly extended from a $36.50 buy point.
COMMENT: This stock made a new high last week.
14. ACLS added January 14 price $100.51
INDUSTRY: For more than four decades, Axcelis Technologies has been at the forefront of innovation in semiconductor manufacturing technology. Chipmakers around the globe rely on our tools and process expertise to deliver the semiconductors that power modern life from smartphones and computers to cameras and cars.
BUY RANGE: This stock is extended from an $80.24 buy point.
COMMENT: This stock traded down to its 10ema and found support on Friday.
15. VAL added January 21, 2023 price $74.44
INDUSTRY: We provide drilling services across all water depths with unmatched scale, geographic presence and customer relationships. Our diverse rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups is capable of meeting a wide spectrum of customers’ well program requirements.
BUY RANGE: This stock just traded above its buy area.
COMMENTS: This company is delivering solid growth.
16. URI added January 21, 2023 price $383.67
INDUSTRY: United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,331 rental locations in North America, 11 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province.
BUY RANGE: This stock has a buy point at $415.00
COMMENT: This is a leading stock in a leading group with solid fundamentals, and is not an expensive stock.
I hope this answers your question.
Regards,
Marty
