This remains a split tape, with many defensive and some commodity stocks testing new-high ground, while most of the market is chopping around, and growth stocks are still lagging. That said, we have seen a few rays of light lately—the mid-cap indexes are back above their 50-day lines, many growth stocks have held support for many weeks, and we’re seeing a few more potential leaders emerge on earnings or other good news. We’re sticking with our neutral Market Monitor until we see more bullish action among a variety of stocks and sectors, but the next week or two will be interesting.
This week’s list is still relatively heavy on commodity names, but our Top Pick is a growth stock that just completed a game-changing acquisition.
Avago Technologies (AVGO) has great projected earnings growth, but the company reports earnings on May 29 so keep new positions small.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| Zillow (Z) | 76.64 | 95-100 | 88-90 |
| Nabors Industries (NBR) | 0.00 | 25-26.5 | 23-24 |
| Lazard (LAZ) | 0.00 | 47-49 | 45-46 |
| Diamondback Energy (FANG) | 0.00 | 72-74 | 66-67 |
| Extra Space Storage (EXR) | 0.00 | 49-51 | 46-47 |
| Constellium (CSTM) | 0.00 | 29-31 | 27-27.5 |
| Carrizo Oil & Gas (CRZO) | 24.03 | 53.5-55.5 | 50-50.5 |
| Broadcom Limited (AVGO) | 266.26 | 66-69 | 61-62 |
| Athlon Energy (ATHL) | 0.00 | 39-41 | 36-37 |
| AerCap (AER) | 0.00 | 45.5-47.5 | 41.5-42 |