JB Hunt Transport Services
JB Hunt Transport Services (JBHT) is a $21 billion logistics services company focused on trucks and transporting stuff via those trucks.
And as you know, moving stuff via trucks is a major market in high demand right now.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my Stock Surge Indicator (SSI):
- Surge score: 91/100
- % Above 52-wk low: 46%
- Sales growth: +27%
- Triple momentum: yes
After a healthy run in the first half of the year, JBHT has taken a breath to consolidate near the $200 level.
A shakeout move down to $185 likely hit some stops, so the stock should be even further consolidated into stronger institutional hands.
Look to buy on a breakout to new high ground.
Republic Services, Inc.
Republic Services, Inc. (RSG) is a $43 billion waste management company focused on serving municipal and residential customers.
The other side of the business processes and sells cardboard containers, newsprint, aluminum, glass and other materials.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my SSI:
- Surge score: 93/100
- % Above 52-wk low: 57%
- Sales growth: +14%
- Triple momentum: yes
Sales growth of 14% isn’t huge for most companies. But in the waste management sector, it is fairly substantial.
After a one-day pop higher on big volume at the end of October, RSG has tightened into a low-risk 5% range.
RSG broke out of two similar bases this year, each leading to solid short-term gains.
Intercontinental Exchange, Inc.
Intercontinental Exchange, Inc. (ICE) is the $76 billion operator of market exchanges, clearing houses and listings venues that some of you have likely heard of or even traded with before.
Here’s how the chart is setting up:
And here’s how the stock is setting up with my SSI:
- Surge score: 88/100
- % Above 52-wk low: 25%
- Sales growth: +18%
- Triple momentum: yes
Levi Strauss made a fortune selling pick, shovels and denim to hopeful miners in the gold rush of the 1800s.
He found a way to profit without ever making a bet on whether or not he would find gold.
The same thing goes for exchanges like ICE. Futures contracts on crude, gold, natural gas, electricity and agricultural products all trade on the Intercontinental Exchange. And the company gets its fees whether traders win or lose.
We have an opportunity for an early entry on ICE if the stock can break above Thursday’s highs while only risking about 6% on the trade.
Lastly, if you’d like a step-by-step walkthrough on how to best take advantage of these weekly trades…
Be sure to check out my recent article, How to Follow My Weekly Trades, to know where I’m buying so that you can follow along.
