Rev's Forum: 5 Stocks That Look Good in This Bullish Market

 | Jul 18, 2017 | 9:00 AM EDT
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I've been talking lately about the recent sell-the-news reactions in the financials, and that pattern seems to be continuing this morning. Like JPMorgan (JPM) , and Action Alerts PLUS holdings Citigroup (C)   and Wells Fargo (WFC) last week, both Bank of America (BAC) and Goldman Sachs (GS) delivered solid results, but are struggling as we head towards the open.

The concern is, with valuation levels being what they are, that stocks might be "priced to perfection" as the more well-known names report over the next several days. Fortunately for the bulls, Netflix (NFLX) isn't following that script, as the stock is up about 9% premarket and is hitting record highs on the news of its stellar report.

We'll see how the mood develops as we move deeper into earnings season, but with the indices at highs and a skosh overbought, the broader market profile continues to favor the bulls. That could change at any time, and we need to be keenly aware of that possibility, particularly since we've just entered what's historically been the roughest six-week patch during the year for the market. However, as we saw last week, trying to guess when the prevailing trend will come to an end is a tough way to make a living.

Let's take a look at a few charts that are on my radar today. Inc (CRCM)

EQT GP Holdings  (EQGP)

AppFolio Inc (APPF)

Guidewire Software Inc (GWRE)

InnerWorkings Inc  (INWK)

This article was written by Jim Koford.

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