
Current Market Outlook
Most of the issues the market had been suffering from are still out there—even after today’s rally, the intermediate-term trend of the major indexes is questionable at best (still technically down), while relatively few stocks are really moving ahead (the number of new highs remains tame). That said, we have begun to see support show up in the market, partially in the indexes but more so among leading (and potential leading) stocks; we’re seeing many show resilience and a bunch begin to set up in legitimate launching pads. That doesn’t mean these stocks are guaranteed to get going, but it’s a first step to keep an eye on going forward.
This week’s list contains a group of names that’s attracting money, including a few that have popped on news. Our Top Pick is
CrowdStrike (CRWD), which is one of the few growth-oriented stocks that’s actually been slowly pushing higher in recent weeks as the market has come in.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| Blueprint Medicines (BPMC) | 88.88 | 84.5-87.5 | 77.5-79.5 |
| CrowdStrike (CRWD) | 137.38 | 133-138 | 117-120 |
| Digital Turbine (APPS) | 30.98 | 28-30 | 24.5-25.5 |
| DraftKings Inc. (DKNG) | 56.91 | 54-58 | 45-47 |
| Generac Holdings (GNRC) | 190.24 | 180-185 | 165-168 |
| JinkoSolar Holding (JKS) | 37.78 | 34.5-36.5 | 29.5-31 |
| Owens & Minor (OMI) | 21.67 | 19.5-20.5 | 17-18 |
| QUALCOMM Incorporated (QCOM) | 118.47 | 115-119 | 105-107 |
| Sea Limited (SE) | 160.00 | 156-161 | 138-141 |
| Square, Inc. (SQ) | 160.79 | 157-162 | 140-143 |