These stocks from the weekly watchlist are outperfming with EV and Solar products maker Tesla (TSLA) and retailer L Brands (LB) starting Monday off with a bang. In addition, ETSY, BLK, CINF, and DLR pushed higher this week. We have trailing stocks on all of these entries.
The Watchlist – Top 10 Candidates
| STAR | STAR – iStar Inc. | Real Estate | Mortgage REITs | 23.81 | 1.10 | 4.84 | 1675886 |
| TSLA | TSLA – Tesla Inc. | Discretionary | Automobiles | 685.70 | 28.75 | 4.38 | 25926795 |
| LB | LB – L Brands, Inc. | Discretionary | Apparel Retailers | 76.56 | 3.06 | 4.16 | 5079222 |
| DFS | DFS – Discover Financial Services | Financial | Consumer Finance | 126.59 | 4.19 | 3.42 | 2594055 |
| MOXC | MOXC – Moxian, Inc. | Communication Services | Internet | 29.19 | 0.84 | 2.96 | 4347829 |
| TROW | TROW – T. Rowe Price Associates, Inc. | Financial | Asset Managers | 211.10 | 5.90 | 2.88 | 1408780 |
| CLF | CLF – Cleveland-Cliffs Inc | Materials | Steel | 23.08 | 0.52 | 2.30 | 24874517 |
| LXP | LXP – Lexington Corp. Properties Trust | Real Estate | Diversified REITs | 12.52 | 0.26 | 2.12 | 1675352 |
| ANTM | ANTM – Anthem, Inc. | Health Care | Health Care Providers | 396.04 | 7.43 | 1.91 | 1897411 |
| X | X – USX-US Steel Group, Inc. | Materials | Steel | 25.00 | 0.46 | 1.87 | 18706951 |
Tesla
Tesla gained 28+ points Monday, as the car maker and energy products maker caught a bid. We’re looking for a technical breakout above 700 (+/-) to clear supply in the zone below. Price acition is trending off the 50d bounce.
The real estate sector is hot. Most REITs that we trade regularly are trending. Insurance, finance and materials are strong, as value stocks (cyclicals) see rolling corrections and rotation into steel and materials this week.
L Brands
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Happy Trading,
Vinny
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