Weekly Update: The Market Demands Stealth Trades for More Gains
The stock market continues to be a tough place to just place broad bets and hope for positive results.
The leading stock indexes are all down heavily so far this year led by the Nasdaq Composite Index and followed by both the S&P 500 Index and even the classic Dow Jones Industrial Average.
This means that index trading isn’t doing anything so far but losing you money – unless you might be short.
Instead, here at Stealth Trades, I’m all about digging out the right stocks that might not be well-known – but they are in the right industries and sectors with revenue gains, prices trading above their moving averages and of course great surge scores among my other factors that I use to find the best stocks for you to trade.
This week’s new Stealth Trades Watchlist of stocks includes three companies that are leaders in the major industries that continue to be highly in demand in the US market and around the globe.
Energy, shipping and agricultural products – these are what are all in demand resulting in more sales, more earnings and most importantly, more trading with buyers seeking the best in these sectors.
Here are my best Stealth Trades for this week…
SandRidge Energy (SD)
• Surge score: 99/100
• % Above 52-wk low: 246%
• Sales growth: +68%
• Triple momentum: yes
Energy continues to be the strongest sector in the market, and Russia’s invasion of the Ukraine is only making it stronger.
SD is compressing nicely into an early entry point on a breakout above 12.90.
Navios Maritime Partners (NMM)
• Surge score: 96/100
• % Above 52-wk low: 55%
• Sales growth: +287%
• Triple momentum: no
Navios Maritime is a dry bulk transport stock that is bucking the trend of the overall market. While the major indexes are down big over the last several weeks, NMM is up 40% over the last month.
A break above 33.00 could be a nice entry point to buy for another leg higher.
Andersons (ANDE)
• Surge score: 97/100
• % Above 52-wk low: 72%
• Sales growth: +51%
• Triple momentum: no
The Andersons Inc. is a leading agricultural company focused on grain storage operations as well as fertilizer and other farm products. It is a textbook breakout pattern that fired up last week. The stock is surging higher on above-average volume under the worst possible market conditions.
The stock price is extended at the moment. But if we get a pullback near the $41 mark, this is definitely worth a buy. A clean breakout on consecutive days of above-average buying volume is exactly what we like to see in a healthy move.
Live Coaching Session
Monday, at 3:00 p.m. EDT, we’ll be hosting our regular weekly coaching session for Stealth Trades.
We’ll send you a login reminder that morning, just so you don’t forget.
We’ll cover all of our new stocks on the Watchlist as well as the rest of the stocks inside Stealth Trades.
You need to attend this session to get the most from your subscription!
In the meantime, you can watch the replay of our latest Stealth Trades session right here.
Best wishes for your trading,
Ross Givens
Editor, Stealth Trades