With the recent strength in market indices, these MarketSmith “Near Pivot” breakout candidates are setting up for follow through into earnings season. Banks start reporting the week of January 18. Considering the strength in the 10 year yield momentum in financials will likely continue.
MarketSmith “Stocks Near Pivot”
Bio Rad Labs (BIO)
Bio-Rad is a maker of life science research products and analytical instrumentation. These tools are used to separate and analyze complex chemical and biological materials. The company recently announced its outlook through 2023, including a prediction of FY 2023 sales between $2.75 billion and $2.85 billion.2 Bio-Rad had net sales of $2.3 billion in FY 2019.3
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