Weekly Watchlist
The weekly watchlist has candidates from several industry groups, with the majority of sectors bullish in early trading this morning. Futures are steady going into the North Korea Summit.
Watchlist for the Week
Healthcare, Industrial, Financial, Internet and Consumer DIscretionary stocks populate the weekly watchlist. Homebuilders and Healthcare are bullish in the pre-market session, so we would watch GMED and TPH, with the latter a last-minute addition to the watchlist. Both are set up to continue higher if strength persists this week.
Tri-Pointe Homes (TPH)
This homebuilder is positioned in the Arizona, California, Nevada, and Texas metropolitan markets. The company specializes in single-family homes. This candidate carries a #1 ranking from Investors Business Daily.
Technically speaking, RS is climbing at 86. Money flow is bullish as the stock breaks out of a consolidation pattern. Targets are noted with horizontal lines as earnings approaches on 07/24/2018.
The stocks on the watchlist are varied, with most set to move higher given the right catalyst. Watch for money flow. We will alert you as we take new entries.
Happy Monday,
Vinny
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