The Closing Print live trading and financial blog during market hours.

Bruker (BRKR) and Pinterest (PINS) stocks moved higher on Monday, highlighting expanding strength in varying industry groups.

Pinterest popped more than 2% on a UBS upgrade, citing “improving” advertising trends for the social network. Analyst Lloyd Walmsley raised his recommendation on the stock to buy from neutral and adjusting its price target from $27 to $35. In addition, Pinterest is trading at a discount to improving Sales and EBITDA. 

Stocks Breaking Out

Bruker is printing a triple top, with its RS line rising to the highest point in 2023. With a 93 ranking, and threatening a break out, the stock shows up on the MarketSmith blue dot scan by default.


Should Bruker break above the recent highs, the chart suggests potential targets nearly 17% higher. The company garners a IBD SmartSelect Composite Rating of 92 while sporting a 13% EPS growth rate.


Dow Jones Industrials

The Dow Jones made the best gain out of the three major indexes. It rose nearly 200 points, or 0.6%.

IBM (IBM) was the top Dow performer as it jumped 3.2%. We are scaling into Big Blue, seeking more upside. JPMorgan Chase (JPM) was also strong, rising 2.9%.

Electric-vehicle giant Tesla (TSLA) rose 0.5% early Tuesday. Dow Jones tech giants Apple (AAPL) and Microsoft (MSFT) were lower ahead of today’s stock market open.

Align Technology (ALGN), IBD SwingTrader stock Meta Platforms (META) and IBD LeaderboardPalo Alto Networks (PANW) — as well as Dow Jones stocks Cisco Systems (CSCO) and Nike (NKE) — are among the top stocks to watch in the ongoing stock market correction.


Pinterest – Stocks Breaking Out Scan

Pinterest (PINS) moved higher on Monday, highlighting the stocks expanding strength in the retial/social media darling. The stock appeared on the MarketSmith blue dot scan.


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