This week’s stock watchlist contains 39 top stocks, down from 46 two weeks ago. Select from this list of best stocks when bullish stock signals are generated and displayed on this site.
Will the old stock market adage of sell in May and go away be appropriate this year?
Earnings season started this week with 7% of the S&P Companies reporting. Of those reporting so far, 77% have beaten their earnings estimates for the prior quarter, and 80% reported exceeding revenue estimates.
However, in a volatile week of trading, geopolitical tensions increased as Russia threatened to deploy missiles near Europe, and a mixed bag of earnings on the last day of the shortened trading week sent all three major indexes into a loss for the week.
This week’s video reviews the current market performance and what can reasonably be expected for the upcoming week of trading.
In addition, as a follow on from last week’s discussion on growth vs value stocks I will review the current performance of the ARKK ETF.
ARKK is a strong representation of growth stocks and is down over 60% from a price high near $160, what can reasonably be expected looking at the chart?
Watch this video to be aware of evidence to indicate which price direction is more likely in the future.
However, no matter what the market is doing it is important to stay in touch with the leading stocks for profitable swing trading opportunities.
Every week the updated and published stock watchlist contains stocks screened for strict fundamental and technical screening filters including:
- Superb Fundamentals
- Exceptional Earnings
- Increasing Earnings Projections
- Bullish Chart Patterns
- Sales Growth Above 10%/year
- Market Capitalization Above $1B
- Average Daily Trading Volume Above 250,000 Shares
These criteria find the best opportunities in investable stocks combined with superior resistance to broader market declines.
Click here to view fresh stock signals from this stock watchlist and stock signals from the broader market.
File downloads are available here:
- Open an Excel Spreadsheet of this week’s Top Stocks
- Download a PDF file of this week’s Top Stocks
Before entering new positions it helps to know about market action. You can view weekly market timing videos here: https://profitableswingtrading.com
Here is a preview of the top 20 or so stocks, view the entire list from the above links:
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