A few worries beginning to creep into the market as the bulls couldn’t keep us going today. It wasn’t a terrible selloff or anything, more of an exhaustion of buying power in the face of some uneasiness in Saudi Arabia and rumors of the tax deal being DOA in the Senate. There is one thing I believe will power us on through the next few weeks and that is earnings.
Check out Dave’s Daily Dive video above where I break down the market action.
Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher.
Strong Buy Stocks Bursting to New Highs: ConocoPhillips (COP)
ConocoPhillips (NYSE:COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide.
Its portfolio includes North American tight oil and oil sands assets; lower-risk conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
Strong Buy Stocks Bursting to New Highs: Groupon Inc (GRPN)
Groupon Inc (NASDAQ:GRPN) operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally.
The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
Strong Buy Stocks Bursting to New Highs: Kraton Corp (KRA)
Kraton Corp (NYSE:KRA) produces and sells styrenic block copolymers (SBCs) and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company offers performance products comprising unhydrogenated SBCs, which are primarily used in paving, roofing, adhesives, sealants, coatings, and footwear applications; and specialty polymers consisting of hydrogenated SBCs that are used in polymer modification, lubricant additives, personal care, adhesives and coatings, and cable gels, as well as in medical, industrial, consumer, and other applications.
Strong Buy Stocks Bursting to New Highs: Southern Copper Corp (SCCO)
Southern Copper Corp (NYSE:SCCO) engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador.
The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.
It operates the Toquepala and Cuajone open-pit mines, and a smelter and refinery in Peru; and La Caridad, an open-pit copper mine, as well as a copper ore concentrator, a SX-EW plant, a smelter, refinery, and a rod plant.
Strong Buy Stocks Bursting to New Highs: Texas Instruments Incorporated (TXN)
Texas Instruments Incorporated (NASDAQ:TXN) designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company operates through two segments, Analog and Embedded Processing.
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