Weekly Watch List


NFLX
MELI
BIDU
PPO
HMIN
CMG
LULU
ULTA
HLF
SHOO
APKT
PRGO
ARMH
SAM
AKAM
HAS
CMI
FCFS
ISLN
LVS

Additions:
ARMH
LVS

Subtractions:
None.

Last week, the indexes meandered to a mixed finish near the flat line in slow August volume. The Nasdaq squeaked out a 0.3% gain, the Dow slipped 0.9%, and both the S&P 500 and NYSE composite each lost 0.7%. With no clear marked direction evident, the IBD outlook remains “uptrend under pressure”. It’s probably best to wait to see if the uptrend resumes before buying stocks.

However, if you’re adventurous, two stocks on the watch list are possible buy candidates. CMG, is trading at $149.84 with a buy point of $154.53. HMIN, trading at $44.23, found support at its ten week line and is in buy range up to $47.51.

/as usual, your mileage may vary, always do your own homework

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