Sponsored by the Dr. Stoxx Options Letter
We have had some rather volatile market action in recent trading. Last Friday the major indexes printed its strongest 1-day selloff in nearly a month, followed by an uptrend day of equal strength. Today, after all that up and down action, we had a quiet, mixed day of trading.
No matter. I'm a stock picker. So while I keep an eye on the general market, my attention is squarely on finding super high quality stocks. I screen for fundamental growth and value, along with financial integrity and a strongly ethical corporate culture. From there, I check the charts for technical opportunities.
With that analysis done, I keep a watch list of stocks that pass muster. On that list, I have three nice looking charts that I'll present to you today. I currently have positions in each of these, as do some of my subscribers.
1. CSIQ: Canadian Solar
$2B market cap, 11.6 P/E, 8.1 forward P/E, 0.78 P/S, 209% eps Q/Q
Disclaimer: I own shares; subscribers to my Trend Trade Letter own shares
We have an extended period of consolidation following a sharp earnings-induced rally off the lows. Look for price to resume the uptrend above $36.
2. CYBR: CyberArk Software
$2B market cap, 250% growth Y/Y, 43% eps growth next year, 120% Q/Q sales growth, recent IPO
Disclaimer: I own shares; subscribers to my Trend Trade Letter own shares
This cyber security software maker and retailer is running on all cylindars, and is gunning for a new IPO breakout high. Watch the $70 level; above that is only blue sky.
3. HA: Hawaiian Airlines
$1.2B market cap, 8.2 forward P/E, 0.7 PEG, 0.5 P/S, recent estimate revisions higher
Disclaimer: I own shares; subscribers to the Dr. Stoxx Options Letter own covered calls
This growing regional airline should have an easy eps beat on Thursday. There is a large overhead gap to fill, and shares are moving into that space as of today's breakout.