Stock Trends

Breaking out

Good morning,

The S&P 500 is taking a well-deserved break so far this week, down more than 1% following a 17% rally from the April lows.

However, not all the stocks got the message, and today I’m highlighting seven stocks that are just now breaking out.

We’ll also look at:

• Defensives not acting defensive

• Blue Chip Hot List earnings reactions

• and more!

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Breaking out

TTWO breakout is still intact

Take-Two Interactive fell 6.7% on Friday following the announcement of another delay in its franchise hit Grand Theft Auto. However, buyers stepped in throughout the day, and it added to gains on Monday and Tuesday. See the big-picture chart here.

Howmet rides a 12-day winning streak to all-time highs

HWM was featured two weeks ago in our aerospace and defense focus, and the stock is up 20% since. Now the most overbought since its February consolidation began, this is a top stock to watch for an opportunity on a pullback.

New all-time highs for KTOS

Kratos Defense & Security Solutions was also featured two weeks ago and the stock has since broken out. Reminder that this is actually a breakout going back to the stock’s IPO in 2007, so after decades of agony, everybody long this name is in the green.

HIG is a great chart