The stocks herein are from the MarketSmith Growth 250. They have been ranked by relative performance, exhibiting strength as the indices remained near all-time highs on Monday. Retail, consumer discretionary, casinos, human resources, advertizing, and asset management related stocks rallied again on Monday. Semiconductor stocks also saw inflows to start the week.
Summary
Several candidates from the retail industry group, including Macy’s (M), graced the watchlist two weeks ago. Those candidates were mentioned in the November 4 Blog Post. In addition, 8 of 10 stocks discussed therein are higher into this week.
Retail sales beat, 1.7% actual vs. 1.4% estimated.
MarketSmith Top 10 – Relative Strength
Power REIT
Power REIT (PW) is rising as investors look for exposure to stocks that will move higher with inflation. Real estate and gold are two groups that we have added exposure in recent days.
Power REIT (PW) reported Quarter September 2021 earnings of $0.62 per share on revenue of $2.5 million.. Revenue grew 128.2% on a year-over-year basis.
The company is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation. Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture for the cultivation of food and cannabis. – Earningswhispers.com
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Happy Trading,
Vinny
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