Home » Watchlist Update: Why The Next Big Bull Market Could Emerge At Any Time

Watchlist Update: Why The Next Big Bull Market Could Emerge At Any Time

Editor’s Note: All major U.S. stock markets are closed today, Feb. 21, 2022, in observance of President’s Day.

The markets are closed today, so this is a great time to review the coming week’s Watchlist extra closely.

Although the bears took a break from their beatdown on the market last Tuesday and Wednesday, all the major indexes ended lower last week.

That tells me everything I need to know about the current environment.

The market remains very weak… plain and simple.

Considering today’s market holiday and the potential Russian invasion of Ukraine, I went 100% to cash going into the long weekend.

I continue to urge caution and trading small, or not at all, until conditions improve.

This is not the time to be aggressive.

Instead, your time is better spent looking for stocks that are holding up well right now and making or nearing new highs.

This is exactly what I’ve done with this week’s Watchlist.

Stocks like these will likely be the new leaders of the next bull market, which could emerge at any time.

And as long-time readers know, bear markets and bull market corrections always set the stage for the next wave of super-high stock performance.

So, with that in mind, let’s get into the stocks I see holding up well in this bearish market environment…

Antero Resources Corporation

Antero Resources Corporation (AR) is a $7 billion oil and gas exploration and production company operating out of the Appalachian Basin and Upper Devonian Shale.

Here’s how the chart is setting up…

Daily Chart of Antero Resources Corporation (AR) — Source: TC2000

And here’s how the stock is setting up with my Stock Surge Indicator (SSI):

  • Surge score: 98/100
  • % Above 52-wk low: 189%
  • Sales growth: +83%
  • Triple momentum: yes

Fundamentally, Antero is showing accelerating quarterly growth in both sales and earnings.

Shares are also making new highs while the markets are selling off, which is a clear sign of relative strength.

Oil and gas names remain strong, and AR is one of a small handful breaking out from a buyable position.

Zeta Global Holdings Corp.

Zeta Global Holdings Corp. (ZETA) is a $2 billion cloud software company that aims to provide corporate clients with consumer intelligence and marketing automation solutions.

Here’s how the chart is setting up…

Daily Chart of Zeta Global Holdings Corp. (ZETA) — Source: TC2000

And here’s how the stock is setting up with my SSI:

  • Surge score: 98/100
  • % Above 52-wk low: 119%
  • Sales growth: +21%
  • Triple momentum: yes

Zeta is a recent initial public offering (IPO) showing a lot of strength on good volume over the last several weeks.

After a 58% surge in just 13 days, price is consolidating in a tight range.

If ZETA can break out into new high ground, this one is worth the 9% downside risk.

Note that earnings are due on Feb. 23, after the close. I suggest waiting until Thursday morning before considering a buy.

As long as ZETA does not gap up big, this could be a buy in the mid-$12 range.

SMART Global Holdings, Inc.

SMART Global Holdings, Inc. (SGH) is a $1.4 billion semiconductor company that designs and manufactures memory and computing modules for a range of technology applications.

Here’s how the chart is setting up…

Daily Chart of SMART Global Holdings, Inc. (SGH) — Source: TC2000

And here’s how the stock is setting up with my SSI:

  • Surge score: 90/100
  • % Above 52-wk low: 39%
  • Sales growth: +61%
  • Triple momentum: no

SGH is a less traditional setup designed to get in early on the turn higher.

The stock recently broke its downtrend and is now forming a small base in the $26-$29 range.

It also held its crucial 200-day moving average, which is still sloping upward.

Volume has also dried up in a big way, which could be a sign that selling has subsided.

I’m looking for a break above $29.45, preferably on volume of one million shares or more.

Lastly, if you’d like a step-by-step walkthrough on how to best take advantage of trades like these…

Be sure to check out my article, How to Follow My Weekly Trades, to know where I’m buying or shorting so that you can follow along.

Embrace the surge,

Ross Givens

Editor, Stock Surge Daily

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Ross Givens
Ross Givens

I bought my first stock when I was 12 years old. It was Microsoft. I’ve been a registered financial advisor. I’ve worked as a stock broker. I ran a managed fund. I was a Vice President at JP Morgan with Series 7, Series 66 and Series 3 securities licenses. I’ve been featured on Fox Business, CNBC, Bloomberg, and a bunch of other networks. The only thing I enjoy more than making money, is helping YOU make money.

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