{"id":4158,"date":"2024-05-10T00:03:34","date_gmt":"2024-05-10T00:03:34","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/10\/this-is-what-i-mean-by-leading-stocks-in-leading-industry-groups\/"},"modified":"2024-05-10T00:03:34","modified_gmt":"2024-05-10T00:03:34","slug":"this-is-what-i-mean-by-leading-stocks-in-leading-industry-groups","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/05\/10\/this-is-what-i-mean-by-leading-stocks-in-leading-industry-groups\/","title":{"rendered":"This Is What I Mean By Leading Stocks In Leading Industry Groups"},"content":{"rendered":"
\n

Sample Report<\/h2>\n

A few days ago, I provided a sample of our Weekly Market Report (WMR), which is sent to our EarningsBeats.com members on Mondays. Below is a sample of our Daily Market Report (DMR), sent out to members on Tuesdays through Thursdays. A very brief market update is sent out on Fridays.<\/p>\n

Enjoy the report as a thank you for following me here at StockCharts.com over my 17 years of contributing articles. If you\u2019d like to kick the tires on our EarningsBeats.com service, we have a 30-day FREE trial and there\u2019s never been a better time to join. Our Spring Special kicks off in the next week, so if you enjoy our service, you\u2019ll have an opportunity to extend your membership using our best deal of the year. CLICK HERE<\/a> to get your free trial started!<\/p>\n

Executive Market Summary<\/h2>\n

Our major indices were lower overnight, but reversed when initial claims unexpectedly rose
\nThat rise in claims quickly drove the 10-year treasury yield ($TNX) lower, aiding stock futures
\nCommodities are jumping today as silver ($SILVER, +2.71%) moves within 2% of its recent high close
\nThe dollar ($USD) reversed yesterday after moving higher in prior sessions, likely adding to the interest in commodities
\nCrude oil ($WTIC, +0.23%) reversed yesterday as well; any move higher from here will meet a lot of congestion near $82 per barrel
\nToday\u2019s equity strength currently is centered in real estate (XLRE, +1.81%) and utilities (XLU, +1.12%), two defensive sectors
\nTechnology (XLK, -0.18%) is the only sector in negative territory at this time as computer services ($DJUSDV, -3.16%) is weighing on the group
\nAirbnb (ABNB, -6.62%) is one of the worst S&P 500 performers after reporting quarterly results; ABNB has broken beneath recent price support at 155 in an overall deteriorating travel & tourism group ($DJUSTT)<\/p>\n

Market Outlook<\/h2>\n

The only time during the last 12 years that I suggested it was a good time to sit it out was heading into 2022 and just before one of our worst cyclical bear markets hit. Otherwise, I\u2019ve suggested that anyone investing for the long-term stay the bullish course and remain long. Of course, the ultimate decision is entirely yours. We provide our guidance based on our own independent research and signals, but it\u2019s always up to you. We can\u2019t take on your risk and we are not privy to your personal financial situation and risk tolerance. It would be foolish for us to attempt to manage anyone\u2019s money, and it would also be ill-advised since we are not Registered Investment Advisors and are not licensed to do so.<\/p>\n

As a quick refresher, if you\u2019re natural tendency is to want to short the stock market, I\u2019d simply put this up next to your computer screen as a reminder of what the stock market does over time. Then decide if you\u2019d be better off with a positive mindset or negative mindset when it comes to U.S. equities:<\/p>\n

This is why I feel it\u2019s important to ignore the news and follow the charts. There are always reasons why the stock market is about to plummet. That\u2019s one constant that never changes. To be a successful investor\/trader, you need to be able to look objectively at the stock market and only hunker down when most signals line up bearishly. In my humble opinion, that\u2019s not the case right now.<\/p>\n

Sector\/Industry Focus<\/h2>\n

Here are several industries that are breaking out to new highs or threatening to break out \u2013 all amongst our 5 aggressive sectors \u2013 XLK, XLY, XLC, XLI, and XLF. When I talk about trading leading stocks within leading industry groups, this is how you begin the process. Find several of the best industry groups:<\/p>\n

Internet ($DJUSNS):<\/strong><\/p>\n<\/p>\n

Broadline Retailers ($DJUSRB):<\/strong><\/p>\n<\/p>\n

Banks ($DJUSBK):<\/strong><\/p>\n<\/p>\n

Investment Services ($DJUSSB):<\/strong><\/p>\n<\/p>\n

Full Line Insurance ($DJUSIF):<\/strong><\/p>\n<\/p>\n

Heavy Construction ($DJUSHV):<\/strong><\/p>\n<\/p>\n

Electrical Components & Equipment ($DJUSEC):<\/strong><\/p>\n<\/p>\n

ChartLists\/Strategies<\/h2>\n

Ok, so if we truly remain in a secular bull market and the recent period of selling\/consolidation is drawing to a close, how do we find individual stocks to consider for the next leg up in the stock market. Well, first we know that the above industry groups are strong right now and strengthening. Defense ($DJUSDN) and aerospace ($DJUSAS) were not shown above, but are two other industries really strong now. Second, let\u2019s run a scan of stocks with SCTRs above 90 (excellent relative strength) that reside in the above industry groups. I\u2019ll add a minimum average volume filter and run this scan against our Strong Earnings ChartList (SECL) and Raised Guidance (RGCL) \u2013 you can run this scan against the entire stock population if you\u2019d like. But by including our SECL and RGCL, we know that these companies are strong fundamentally in addition to their technical strength:<\/p>\n<\/p>\n

\u2026..and the results sorted first by SCTR, then by industry group:<\/p>\n<\/p>\n

These are 27 companies with excellent relative strength (based on the high SCTR score) that belong to those industry groups showing excellent strength. These stocks are the collective \u201cposter children\u201d of \u201cleading stocks in leading industry groups\u201d. <\/p>\n

Earnings Reports<\/h2>\n

Here are the key earnings reports for the next two days, featuring stocks with market caps of more than $10 billion. I also include notable companies with market caps below $10 billion. Finally, any portfolio stocks that will be reporting results are highlighted in BOLD<\/strong>. If you decide to hold a stock into earnings, please understand the significant short-term risk that you are taking. Please be sure to check for earnings dates for any companies that you own or are considering owning.<\/p>\n

Thursday, May 9:<\/strong><\/p>\n

BN, CEG, TAK, SLF, MTD, TEF, RBLX, WPM, TU, ARGX, PBA, WBD, EDR, WMG, RPRX, AKAM, H, EPAM, VTRS, SUZ, BAP, RBA, PODD, USFD, GEN, EVRG, CRL, NTRA, SOLV, ONTO, TREX, TPR, <\/strong>DBX, HRB, MARA, NXST, PLNT, FOUR, HAE, FROG, INSM, TSEM, SYNA, ALRM, VCTR, CLSK, YETI, YELP, SG, VERA, TGLS, NTLA, DNUT, PLUG, SOUN, NTCT, WRBY, VITL, CSIQ, CARS, SBH, ZIP<\/p>\n

Friday, May 10:<\/strong><\/p>\n

ENB, CRH, DOCN, ROAD<\/p>\n

Economic Reports<\/h2>\n

Initial jobless claims: 231,000 (actual) vs. 212,000 (estimate)<\/p>\n

Happy trading!<\/p>\n

Tom<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Sample Report A few days ago, I provided a sample of our Weekly Market Report (WMR), which is sent to our EarningsBeats.com members on Mondays. Below is a sample of our Daily Market Report (DMR), sent out to members on Tuesdays through Thursdays. A very brief market update is sent out on Fridays. Enjoy the […]<\/p>\n","protected":false},"author":0,"featured_media":4159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=4158"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/4158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/4159"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=4158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=4158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=4158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}