Home » A Mid-Week Update on Our Surge Stocks

A Mid-Week Update on Our Surge Stocks

This week, our surge stocks continue to trade to higher and higher prices.

All three were first presented in the Aug. 30 Watchlist.

And each one was identified with very positive scores using our Stock Surge Indicator (SSI) system, which you can read about here.

Now, on to our leading surge stocks…

Regeneron

Regeneron (REGN) is a biopharmaceutical company that focuses on solving for serious diseases and ailments. And recently, its major claim to fame comes from its work to treat the impacts of the virus mess.

Here’s the recap on how the stock sets up with the SSI system:

  • Surge score: 86/100
  • % Above 52-wk low: 51.5%
  • MFI reading: 72
  • Sales growth: +163%
  • Triple momentum: yes

The stock is trading higher from Monday through late yesterday with more upside in the making.

Regeneron (REGN) Three-Day Intraday Price — Source: Bloomberg

The stock is up by over 18 bucks since Monday and continues to show further progress.

It remains a buy with a stop at 564.95.

JB Hunt Transport Services

JB Hunt Transport Services (JBHT) has a fancy name for its business called logistics services that really is focused on trucks and transporting stuff via those trucks. And as you know, moving stuff via trucks is a major, major market in super-high demand right now.

One of the key goods that JB Hunt hauls is toilet paper and household paper goods. These are becoming highly scarce and in stronger demand. And in turn, it sets up further contracted sales gains for the company.

Here’s the recap on how the stock sets up with the SSI system:

  • Surge score: 70/100
  • % Above 52-wk low: 46%
  • MFI reading: 57
  • Sales growth: +36%
  • Triple momentum: no

The stock was trading higher, then after a dip – it has begun to rally back strongly yesterday.

JB Hunt Transport Services (JBHT) Three-Day Intraday Price — Source: Bloomberg

The stock was a buy after it crossed 176.95 and remains a buy with a stop at 170.00.

Builders FirstSource

Builders FirstSource (BLDR) as its name fully implies – makes, sells, and distributes building products and supplies to home builders. It is pretty much a one-stop shop for builders both small and custom or large and diversified.

The market for home building has been on a tear for many months. The limitations have only come from land supply, zoning, permits and of course labor to build them.

The results are that this company has screaming sales growth. And by screaming, I’m talking about a gain for the last quarter alone of 186.62%.

Here’s the recap on how the stock sets up with the SSI system:

  • Surge score: 89/100
  • % Above 52-wk low: 88%
  • MFI reading: 62
  • Sales growth: +187%
  • Triple momentum: yes

The stock is up but in choppy trading so far this week through late Wednesday.

Builders FirstSource (BLDR) Three-Day Intraday Price — Source: Bloomberg

The stock became a buy as it crossed 53.15. And it remains a buy with a stop at 47.80.

Embrace the Surge,

Ross Givens

Editor, Stock Surge Daily

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