Evidence Remains Mostly Bullish
February 18, 2020
The market environment remains the same, with the primary evidence (trends of the indexes and leading stocks) firmly up, though many names are extended, which opens the door to some potholes and news-driven selloffs (like the virus news this morning). You should continue to hold most of your strong, profitable stocks, but we still favor picking your spots on the buy side, looking for names that are earlier in their intermediate-term advances and have shown some great buying power of late.
Encouragingly, this week’s list has more than a few stocks that have those characteristics, with our Top Pick looking like a fresh leader with a big growth story.