Evercore Inc.
Evercore Inc. (EVR) might sound like a mining company – but really its all about mining for greater investment deals as a leading New York-based bank.
Evercore is a deal maker. It works on mergers and acquisitions as well as a host of corporate deals. And it takes its deal making to another level with its investment management and trust services for institutional and other investors.
This year has been good for dealmaking. Revenue for Evercore is up by 35.08% for the latest quarter and follows on from prior quarters’ similar good results.
Here’s how the chart sets up:
And here’s how the stock sets up with the SSI:
- Surge score: 88/100
- % Above 52-wk low: 128%
- MFI reading: 47
- Sales growth: +35%
- Triple momentum: yes
Evercore made a big move earlier this year before digesting the stock move and consolidating.
Profit-taking like this is both normal and healthy. And it now appears that selling has been exhausted.
Pullbacks have shrunken to just 4%, giving traders a low-risk entry point near 142.50.
Stride, Inc.
Stride, Inc. (LRN) is an online education company – with a focus on remote learning and tutoring.
It has both public and private institutions that contract with the company to provide its platform and services – that have become all the more vital over the past two years.
Revenue growth has been off of the charts from 2020 through to 2021 with the recent quarter’s gain of 47.81%.
Here’s how the chart sets up:
And here’s how the stock sets up with the SSI:
- Surge score: 85/100
- % Above 52-wk low: 72.1%
- MFI reading: 64
- Sales growth: +48%
- Triple momentum: yes
2020 was a wild ride for shareholders of Stride. The stock soared 248% off the COVID lows, then gave nearly the whole move back in just five months.
But the uptrend has resumed. The 50-day moving average is above the 100-day, and the 200-day line has turned back higher.
So, we once again have triple momentum long and a new Stage 2 uptrend.
There is noticeable volume contraction for most of the last six weeks – a telltale sign that a big breakout could be imminent.
Price action has also tightened up nicely, giving traders the chance to buy a new 52-week high using just a 7% stop loss.
Navios Maritime Partners LP
Navios Maritime Partners LP (NMM) is a dry bulk shipping company set up as a passthrough limited partnership.
Dry bulk shipping of commodities and other goods remains very strong in demand as the globe is catching up from last year’s lockdowns and is in need of countless goods that Navios delivers over the high seas around the planet.
With unlocking and the swift recovery in demand for shipping underway, revenue for the company has surged for the recent quarter by 226.56%.
Here’s how the chart sets up:
And here’s how the stock sets up with the SSI:
- Surge score: 98/100
- % Above 52-wk low: 439%
- MFI reading: 60
- Sales growth: +227%
- Triple momentum: yes
NMM was a big performer in the first half of the year.
Shares finally ran out of steam around the $36 mark and began forming a cup and handle pattern that is nearing completion.
Sales were up huge last quarter, and earnings are on track to be better than they have reported in a decade.
The maritime transport sector is red hot right now. Competitor stocks like Euroseas (ESEA) and ZIM Integrated Shipping (ZIM) are flying, and Navios could be the next big mover.
Funds are crowded into the bigger names like Danaos (DAC), which is in container ships and not dry bulk, but they own only 2% of NMM’s outstanding shares as of last quarter.
I’d be looking to buy above 31.50 and risk 10% on the trade.
Your Bonus Surge Stocks
Some weeks, it is hard to pick just three trades for the Stock Surge Daily Watchlist.
My head analyst, Anthony Speciale, is watching these next two stocks. And the setups look strong.
These are later stage plays that have been going up for a while, so I recommend taking profits a little quicker if you see a decent move.
The Carlyle Group Inc.
The Carlyle Group Inc. (CG) is the storied Washington-insider based investment firm with an edge in private equity deals and investments.
Its founders and current leadership are a who’s who of business and politics that provide the company with a significant edge in its ongoing operations and deal making.
Here’s how the chart sets up:
And here’s how the stock sets up with the SSI:
- Surge score: 92/100
- % Above 52-wk low: 118%
- MFI reading: 55
- Sales growth: +139%
- Triple momentum: yes
This asset management firm has been bolstering its revenue for its capital markets and investment portfolio operations while its private equity division has been a bit more challenged.
It formed a shallow cup and handle pattern before quickly returning to its highs.
Watch for a breakout above 51.60.
YETI Holdings, Inc.
YETI Holdings, Inc. (YETI) makes its eponymous-branded outdoor gear and products including its near ubiquitous coolers.
It has a huge following of not just customers – but fans. And this shows up in the ongoing surging sales.
Sales for the trailing five years alone are up quarter by quarter running at an average of 85.71% on a compound annual growth rate (CAGR) basis.
Here’s how the chart sets up:
And here’s how the stock sets up with the SSI:
- Surge score: 92/100
- % Above 52-wk low: 132%
- MFI reading: 65
- Sales growth: +45%
- Triple momentum: yes
YETI was an early market leader last year.
It recovered from the COVID selloff and made new all-time highs in by early June of last year, and the stock has continued higher ever since.
The recent price consolidation is setting up a new entry on the long side.
Anthony has it marked at 105.65 on the chart, but I think you could get away with buying a move above 103.25.
