The Uptrend Continues; Earnings Season Looms
July 16, 2018
The market’s positive rebound continued last week, with most major indexes nosing to new recovery highs. Leading stocks also improved; fewer stocks are hitting new highs today as compared to the last time the indexes were in this area, but many are forming solid launching pads. All told, we’re bumping up our Market Monitor another notch, though we’re keeping our eyes open during earnings season for changes in the character of the market (or leading stocks and sectors).
This week’s Top Ten list again consists mostly of growth stocks, and our Top Pick is a good-sized Chinese operator with a great chart and huge story. It’s very volatile, so smart small.