This week’s new 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.
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 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.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
