Home » Watchlist Week of Jan 3rd, 2022

Watchlist Week of Jan 3rd, 2022

Lee Enterprises, Inc.

Lee Enterprises, Inc. (LEE) is a small, $232 million publishing company that produces print and digital newspapers and provides advertising and marketing services.

After surging 119% in 22 days, I put LEE on the Watchlist last week.

Here’s how the chart is setting up:

Daily Chart of Lee Enterprises, Inc. (LEE) — Source: TC2000

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

  • Surge score: 99/100
  • % Above 52-wk low: 235%
  • Sales growth: +1%
  • Triple momentum: yes

It also met the criteria for a “high tight flag.”

Since then, the stock has stayed within its retracement zone, so I’m going to keep it on our list to see if it can break out higher.

Ideally, we want the stock to stay in the “flag” portion for two to three weeks or more.

This way we can make sure the profit-taking has been absorbed.

Typically, traders use the low of the retracement zone as where to place a stop loss.

But if price continues to tighten, you could use the swing low of the final retracement.

Alphabet Inc.

Alphabet Inc. (GOOGL) is the 1.9 trillion parent holding company for technology platforms Google, Android, YouTube and many other leading tech brands.

This is not a typical Stock Surge Daily pick, but the fact that a nearly $2 trillion company is still growing sales by 41% per quarter is mind-blowing.

Here’s how the chart is setting up:

Daily Chart of Alphabet Inc. (GOOGL) — Source: TC2000

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

  • Surge score: 92/100
  • % Above 52-wk low: 70%
  • Sales growth: +41%
  • Triple momentum: yes

The company grew profits by 99%, 189% and 82% in the last three quarters, respectively, showing there may be no limit to how big Google can become

Shares have been consolidating for the last few months, and we now have a tight pivot range where we can buy to risk just 6% on the trade.

Driven Brands Holdings Inc.

Driven Brands Holdings Inc. (DRVN) is a $5.6 billion automotive services provider for retail and commercial customers.

It does paint and body work, repairs, oil changes and other general services, and it is also a distributor of various aftermarket auto parts.

Here’s how the chart is setting up:

Daily Chart of Driven Brands (DRVN) — Source: TC2000

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

  • Surge score: 87/100
  • % Above 52-wk low: 49%
  • Sales growth: +39%
  • Triple momentum: yes

As a stock, DRVN is a recent initial public offering (IPO) trying to complete its first base as a public company.

The stock tried to break out earlier this month, but it appears to be finding sellers near the $34 area where the stock peaked back in January.

If we can get through that area into new high ground, there is a good chance the stock will run higher.

Last week’s low needs to hold in order for this to remain a low-risk trade, however.

If the stock breaks down, I will wait for a new entry point.

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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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