IBD's New America Finds 1 Good Stock to Buy Now

IBD’s New America feature aims to focus squarely on new “rock star” companies and potential leaders. This research feature, finds profitable companies with groundbreaking products. The section will then track the stock throughout its advance.

IBD’s CAN SLIM investment system focuses on companies with new products, new markets, new management — a company that is reformed or has a fresh strategy.

On the other side of the coin are fundamental factors such as earnings, revenue, margins, debt and return on equity. These factors figure significantly into determining whether a new idea can ultimately fly. Some of the greatest ideas in history failed because the minds behind them couldn’t successfully manage a company.

The New America – Fluence Energy

“If energy storage is the key that unlocks the potential of intermittent solar and wind energy, then Fluence Energy is one of the original locksmiths. Now, as FLNC stock nears a breakout, this initial public offering from 2021 is enjoying some new distinctions, thanks to the Inflation Reduction Act.” Read more here:

Fluence Energy (FLNC) is showing signs of a breakout, while the stock is under accumulation. RS Line graduated to 98 this week, emphasizing this relative strength prior to a potential follow through. That can be a bullish confirmation of leadership when it comes before a stock breaks out

FLNC earned a spot on the flagship IBD 50 list of top-performing growth stocks.

“It’s one of the very few pure plays on momentum of the Inflation Reduction Act,” Canaccord Genuity analyst George Gianarikas

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Happy Trading,

Vinny

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