|Day Low/High||104.19 / 106.31|
|52 Wk Low/High||75.11 / 105.63|
The sector has been beaten down, but fundamentals and macro trends point to significant upside.
Following up on Monday's piece, these breakout stocks are likewise set to shoot even higher.
Let's look at the names I called out as having meaningful trends we could play.
These companies are suffering from low margins, and their stocks are getting hit, but this will change.
These four new IPOs may not be very well-known, but their price action is better than some better-known issues.
Headline risks from an Iranian flare-up are all that are needed to get people to hit the buy button.
A search for profitable names that are trading below tangible book value per share turned up myriad names.
Takeout rumors have triggered a Valero surge, but given the far-fetched nature of this idea, expect the move to be a one-act show.
At this point, don't short the market outright, but pick individual stocks instead.
Trends in 13HF filings show many of the best investors are starting to buy in energy and small banks.
Filings from Kahn Brothers and Appaloosa give some diverging tips on financials.