Watchlist for the Week Features Winning Stock Picks AAPL EPM SERV.
The watchlist is performing well. AAPL, EPM, SERV, WING, WHD, ACAD, APC, CPE, DO, AEP, and WPX rounds out the Top 10. These stocks are currently trending, with strength in energy, tech, value and service industry groups seeing increasing flows on Tuesday.
Watchlist Performance for the Week
Seven of the Top 10 are from the energy sector. Oil and Gas, equipment and exploration stocks are winning at the moment, with tailwinds provided by crude oil price trends.
Some tech stocks saw money flow on Tuesday.
Apple (AAPL) Watchlist Performance
AAPL moved back above volume by price (VBP) resistance on Tuesday. RSI turned higher, reflecting a resurgence in demand going into Q4 earnings on 11/01/2018 after market close.
The Company most recently posted Q3 revenue of $53.3 billion, an increase of 17 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.34, up 40 percent.
ServiceMaster (SERV) Watchlist Performance
ServiceMaster (SERV), while new on the watch list, broke out on Friday, extending its gains on Tuesday. RSI, MACD, and volume suggest institutions have been adding the stock to their portfolios.
ServiceMaster (SERV) Global Holdings, Inc. provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group.
Diamond Offshore (DO) Watchlist Performance
Energy stocks are also seeing an increase in interest as investors flood into oil and gas equipment and exploration stocks. Hurricane Michael is also providing a tailwind of sorts.
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in the floater market, including ultra-deepwater, deepwater, and mid-water.
Higher crude prices lead to wider profit margins.
As crude oil prices climb, profit margins are having a tailwind effect in this industry group. Keep moving your stops higher.
The bottom line: The stocks on the watch list are gaining strength, as many of these candidates breakout of sound bases. This is happening as the major indices fade from all-time highs.
Therefore, we will stick with the premise that energy, and value will continue higher until something changes. We’ll move our stops higher along the way and let our winners run.
Futures are lower in pre-market trading. U.S. stock index futures are slightly lower on lingering concerns around slowing global growth, and producer price data readings on inflation.
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