The devastating storms that hit the southern states this fall is resulting in a building boom in the region. We examine various stocks/segments of the market that are benefiting at this seasonally strong time of year.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.
Super Simple Seasonal Portfolio
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
The Markets
Stocks traded mixed on Wednesday as growth/technology segments of the market stole the show following blowout earnings from Netflix (NFLX) and news of an Artificial Intelligence infrastructure joint venture between OpenAI, Softbank, and Oracle (ORCL). The S&P 500 Index ended up by just over six-tenths of one percent, reaching back to the all-time high charted earlier in December. Short-term declining trendline resistance around 5975 has also been broken, removing a hurdle that the benchmark has persisted below over the past month. The previous all-time high around 6100 is now the hurdle to overcome, but the indecisive doji candlestick on the daily chart does not provide much confidence that a breakout will be recorded in the near-term. Various metrics, such as the put-call ratio, are highlighting the emergence of complacency, which skews the risk-reward of the market in the near-term given the bullish bet that has been adopted. We continue to monitor the potential impact of the apparent rotation in the market on our list of candidates in the market to Accumulate and to Avoid and we are still expecting that our list will show more of a neutral appearance through the weeks ahead as segments that were previously noted as Accumulate candidates fall off, potentially replaced by some value segments of the market, and as areas to Avoid are added.
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
Seasonal charts of companies reporting earnings today:
S&P 500 Index
TSE Composite
