Breakout Stocks of Week 33
NASDAQ was up last week (week 32) by 1.11% ending at 14,835.76 points after gaining 163.08 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are CoreSite Realty Corporation NYSE:COR. This stock has had a buy signal since Jul 30, 2021 when the price was $138.21 and is so far up 1.85% to $140.77. Some other companies are on our watchlist to, among these are First Industrial Realty Trust Inc NYSE:FR Sequential Brands Group NASDAQ:SQBG McDonald's Corporation NYSE:MCD and KKR Real Estate Finance Trust Inc NYSE:KREF which all got a breakout pattern emerging.
| Date | Company | Price | Week 33 |
|---|---|---|---|
| Coresite Realty Corporation | $140.77 | $142.79 | 1.43% |
| First Industrial Realty Trust Inc | $55.15 | $55.11 | -0.0725% |
| Sequential Brands Group | $11.39 | $11.14 | -2.19% |
| Mcdonald's Corporation | $236.26 | $238.82 | 1.08% |
| Kkr Real Estate Finance Trust Inc | $21.38 | $20.92 | -2.15% |
The CoreSite Realty Corporation stock price gained 0.528% on the last trading day (Friday, 6th Aug 2021), rising from $140.03 to $140.77. During the last trading day the stock fluctuated 1.06% from a day low at $139.49 to a day high of $140.97. The price has risen in 7 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately $26.52 million.
On Dec 14, 2023, it was reported that CFRA gave COR a "Buy" grade with a "upgrade" action.
CoreSite Realty Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About CoreSite Realty Corporation:
CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The data centers are specialized and secure buildings that house networking, storage, and communications technology infrastructure, including servers, storage devices, switches, routers, and fiber optic transmission equipment. These buildings provide the power, cooling, and network connectivity to operate this mission-critical equipment. The companys data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. CoreSite Realty Corporation serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. As of December 31, 2011, its property portfolio included 12 operating data center facilities and 1 development site. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2010 and is headquartered in Denver, Colorado.
The First Industrial Realty Trust Inc stock price gained 0.364% on the last trading day (Friday, 6th Aug 2021), rising from $54.95 to $55.15. During the last trading day the stock fluctuated 1.00% from a day low at $54.87 to a day high of $55.42. The price has risen in 6 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume fell on the last day by -453 thousand shares and in total, 485 thousand shares were bought and sold for approximately $26.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
On Apr 17, 2024, it was reported that RBC Capital gave FR a "Buy" grade with a "hold" action.
First Industrial Realty Trust Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About First Industrial Realty Trust Inc:
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.
The Sequential Brands Group stock price gained 2.80% on the last trading day (Friday, 6th Aug 2021), rising from $11.08 to $11.39. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.89% from a day low at $10.54 to a day high of $12.11. The price has risen in 7 of the last 10 days and is up by 14.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $3.66 million.
Sequential Brands Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Sequential Brands Group:
Sequential Brands Group, Inc. owns, promotes, markets, and licenses a portfolio of consumer brands in apparel, footwear, eyewear, fashion accessories, and athletic and home goods categories worldwide. The companys principal brands include the Martha Stewart, Emeril Lagasse, Jessica Simpson, Joes Jeans, William Rast, Ellen Tracy, Revo, AND1, and Avia. It licenses its brands through various distribution channels to retailers, wholesalers, and distributors. Sequential Brands Group, Inc. was incorporated in 1982 and is based in New York, New York.
The McDonalds stock price fell by -0.0677% on the last day (Friday, 6th Aug 2021) from $236.42 to $236.26. During the last trading day the stock fluctuated 0.624% from a day low at $235.67 to a day high of $237.14. The price has fallen in 6 of the last 10 days and is down by -2.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -664 thousand shares and in total, 2 million shares were bought and sold for approximately $367.97 million.
On Apr 16, 2024, it was reported that Citigroup gave MCD a "Neutral" grade with a "hold" action.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for McDonalds stock to perform well in the short-term.
About McDonald's Corporation:
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is headquartered in Chicago, Illinois.
The KKR Real Estate Finance Trust Inc stock price gained 0.707% on the last trading day (Friday, 6th Aug 2021), rising from $21.23 to $21.38. During the last trading day the stock fluctuated 2.41% from a day low at $21.14 to a day high of $21.65. The price has been going up and down for this period, and there has been a 0.94% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 146 thousand more shares were traded than the day before. In total, 394 thousand shares were bought and sold for approximately $8.43 million.
On Dec 05, 2023, it was reported that JMP Securities gave KREF a "Market Outperform" grade with a "hold" action.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KKR Real Estate Finance Trust Inc stock to perform well in the short-term period.
About KKR Real Estate Finance Trust Inc:
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. The company has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
