These IBD Leaderboard stocks were added to the leaders list on Monday, as industrials, materials and some consumer staples stocks lifted late Monday. Stimulus spending and rising optimism on the global economy are driving investors back into construction and infrastructure-related names.
We’ll review these candidates for potential trades going into the last two trading days of March.
2nd Quarter Performance
April brings promise of exceptional strength, as the first half of the second quarter statistically produces double digit returns.
Leaderboard Additions
Cleveleand Cliffs (CLF) was added to the IBD50 Top 10 list, as the stock approaches a buy zone.
The company signed a major new 787 MAX jet deal with Southwest Airlines. The latter added 100 orders to its agreement and is ready to take the first 30 jets for delivery in 2022.
Futures are currently trading lower this morning, with VIX moving to the morning highs at 21.33 at present. As a result, we may see an opportunity to trade index options as we did on Monday. Look for VIX to retreat after 10AM.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we navigate the current environment and consider trades on these three Leaderboard candidates. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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