Stock Trends

New highs + wins and losses

Good morning,

This week’s Monday Morning Playbook looked at the recent expansion in 6-month and 12-month highs for the S&P 500, a bullish signal despite the pullback so far this week.

Today, we’re calling back to some recently featured stocks that have been part of that group and should be on your radar if the pullback continues.

We’ll also look at:

• Stocks on our Blue Chip Hot List that have recently hit 52-week highs

• Some calls that haven’t worked out

• Adjusted stops paying off

• and more!

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Recently featured stocks hitting new highs

Carnival broke out in a big way

We first looked at Carnival in July (people love cruises) and again in late September as a “plain good chart”. The stock finally broke out through the $19.60 level and is pulling back in a descending wedge pattern. This is a buyable pullback.

FOX up 17% since July feature

FOX was first featured as one of our “10 just plain good setups” on July 11 and again as a “buyable pullback” on July 25. The risk/reward isn’t as attractive now, but the stock has taken out the downtrend line from its 2021 highs and I believe can challenge those highs near $41/share.

Kimco Realty holding up well amid pullback in real estate

KIM was featured two months ago in a section called “The bottom is in”. Though the stock is only up 4% since then, it has successfully retested the breakout point and outperformed its sector by more than 2%.

United lifted off a big way

Just two weeks ago, United was featured as “lifting off from a big base”. The stock is up a remarkable 22% since then, holding on to gains and consolidating in a tight flag over the past week.

Microstrategy continues to outperform Bitcoin

We had a late Mailtime request for Microstrategy at the beginning of the month, but I stuck it in the MMP because I thought it was noteworthy how well the stock was holding up. The stock proceeded to breakout that day and is up about 20% since then. Kudos to our reader for the good eye.

Goldman giving investors another opportunity

In “Bank setups going into earnings” two weeks ago, I called Goldman “the most bullish setup in this section looking purely at the chart”. It has underperformed some of the other banks (WFC and BAC have been tops) as it has pulled back over the past week but it’s holding the breakout point and providing an attractive re-entry point.

APP up more than 30% since September Mailtime

I can only take partial credit for this one because Applovin was brought to us by a Mailtime reader just as it was breaking out. The stock is up 30.6% since then, delivering on its post-IPO big base.

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Hot List stocks hitting new highs