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Home Builders and Steel Stocks Rise to Top 5 – Benjamin Graham Scan

by | Mar 3, 2023 | #ibdpartner, #investorsbusinessdaily, #MarketSmith | 0 comments

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Insurance, Home builder and Steel stocks are on the Benjamin Graham scan to start Friday trading. Technology stocks are higher as well, as AI leader C3.ai (AI) soared 19% this morning after the company’s better-than-expected earnings results, noted by Barrons. Chief Executive Thomas Siebel touted a “dramatic change” in sentiment for C3.ai’s artificial intelligence solutions.

Benjamin Graham Scan

As the name implies, this scan uses Benjamin Graham’s fundamental analysis, earnings metrics, and operating performance to find stocks that meet his criteria. Matched with MarketSmith pattern recognition and analysis is the start of our due diligence.

Ternium Steel (TX) ADR is follow-through on the week, up nearly 10% in four trading days. The stock started a bullish reversal in November. After bouncing at the bullish 50d to start 2023, the stock has powered higher for a 9th week.

  • Steel Dynamics (STLD) is up 12%.
  • Nucor Steel (NUE) is up 8.15%.
Benjamin Graham Scan

Note the five (5) candidates from today’s Benjamin Graham scan below the chart.

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Steel Stock Leaders Benjamin Graham Scan

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