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Breakout Stocks of Week 36

NASDAQ was up last week (week 35) by 2.82% ending at 15 129.50 points after gaining 414.84 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 Macquarie Infrastructure Company NYSE:MIC. This stock has had a buy signal since Aug 20, 2021 when the price was $39.23 and is so far up 1.55% to $39.84. Some other companies are on our watchlist to, among these are Cerevel Therapeutics Holdings, Inc. NASDAQ:CERE iStar Financial Inc NYSE:STAR ResMed Inc NYSE:RMD and Gores Guggenheim, Inc. NASDAQ:GGPI which all got a breakout pattern emerging.

Date Company Price Week 36
Aug 27, 2021 Macquarie Infrastructure Company $39.84 $39.89 0.13%
Aug 27, 2021 Cerevel Therapeutics Holdings, Inc. $30.34 $35.19 15.99%
Aug 27, 2021 Istar Financial Inc $26.43 $25.79 -2.42%
Aug 27, 2021 Resmed Inc $286.91 $295.80 3.10%
Aug 27, 2021 Gores Guggenheim, Inc. $9.87 $9.96 0.91%

Macquarie Infrastructure Company

NYSE:MIC Strong Buy Candidate Score: 6.87
Strong Buy Candidate Score: 6.87 Aug 27, 2021

Macquarie Infrastructure CompanyThe Macquarie Infrastructure Company stock price gained 0.56% on the last trading day (Friday, 27th Aug 2021), rising from $39.62 to $39.84. During the day the stock fluctuated 0.64% from a day low at $39.62 to a day high of $39.87. The price has risen in 6 of the last 10 days and is up by 1.22% 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, 222 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $40.92 million.

On Jun 16, 2021 "Barclays" gave "$34.00 - $41.00" rating for MIC. The price target was changed from $38.79 to 0.1%.

Macquarie Infrastructure Company holds several positive signals and is within a weak 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 Macquarie Infrastructure Company:
Macquarie Infrastructure Corporation, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses, government agencies, and individuals primarily in the United States. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power and Energy (CP&E), and Hawaii Gas. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, various chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada. This segment also provides environmental emergency responses, industrial services, and waste transportation and disposal services. The Atlantic Aviation segment offers fueling and fuel-related services, de-icing, aircraft parking, catering, and hangar services to owners and operators of general aviation aircraft on 69 airports in the United States. The CP&E segment generates electricity through renewable energy sources. As of December 31, 2015, it had interests in six solar power generating facilities with an aggregate generating capacity of 64 megawatts (MW) located in Arizona, California, Hawaii, and Texas; and two wind power generating facilities with an aggregate generating capacity of 203 MW located in New Mexico and Idaho. The Hawaii Gas segment engages in processing, distributing, and selling synthetic natural gas and liquefied natural gas; and distributing and selling liquefied petroleum gas to residential, commercial, hospitality, military, and wholesale customers, as well as to public sector in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. This segment’s products are used in various commercial and residential applications, such as water heating, drying, cooking, emergency power generation, and decorative lighting, as well as for specialty vehicles. The company was founded in 2004 and is headquartered in New York, New York.

Cerevel Therapeutics Holdings, Inc.

NASDAQ:CERE Strong Buy Candidate Score: 6.41
Strong Buy Candidate Score: 6.41 Aug 27, 2021

The Cerevel Therapeutics Holdings, Inc. stock price gained 1.78% on the last trading day (Friday, 27th Aug 2021), rising from $29.81 to $30.34. , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 7.68% from a day low at $29.42 to a day high of $31.68. The price has risen in 7 of the last 10 days and is up by 16.92% over the past 2 weeks. Volume fell on the last day by -373 thousand shares and in total, 566 thousand shares were bought and sold for approximately $17.17 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 Nov 10, 2021 "Stifel Nicolaus" gave "$33.00 - $50.00" rating for CERE. The price target was changed from $38.12 to 12.2%.

Cerevel Therapeutics Holdings, 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.

iStar Financial Inc

NYSE:STAR Strong Buy Candidate Score: 5.43
Strong Buy Candidate Score: 5.43 Aug 27, 2021

iStar Financial IncThe iStar Financial Inc stock price gained 3.57% on the last trading day (Friday, 27th Aug 2021), rising from $25.52 to $26.43. During the day the stock fluctuated 3.36% from a day low at $25.57 to a day high of $26.43. The price has been going up and down for this period, and there has been a 0.3% 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, 113 thousand more shares were traded than the day before. In total, 484 thousand shares were bought and sold for approximately $12.79 million.

On Nov 03, 2021 "Raymond James" gave "$32.00 - $33.00" rating for STAR. The price target was set to $27.32+0.6%.

iStar Financial 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 iStar Financial Inc:
iStar Inc. finances, invests in, and develops real estate and real estate related projects in the United States. It operates through four segments: Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, and senior and subordinated loans to business entities; and whole loans and loan participations. The Net Lease segment owns and leases properties to single creditworthy tenants. As of December 31, 2015, this segment owned 239 facilities comprising 17.8 million square feet in 33 states. The Operating Properties segment operates commercial properties consisting of office, retail, hotel, and other properties; and residential properties, including luxury condominium projects. This segment operated 20 commercial properties comprising 4.5 million square feet in 10 states; and 9 residential projects representing approximately 210 units located within luxury condominium projects in major cities in the United States. The Land and Development segment owns a portfolio of land entitled for master planned communities (MPC), as well as for waterfront and urban infill land parcels. This segment owned 30 properties, including 11 MPC projects, 13 infill land parcels, and 6 waterfront land parcels. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as iStar Financial Inc. and changed its name to iStar Inc. in August 2015. iStar Inc. was founded in 1993 and is headquartered in New York, New York.

ResMed Inc

NYSE:RMD Buy Candidate Score: 2.94
Buy Candidate Score: 2.94 Aug 27, 2021

ResMed IncThe ResMed Inc stock price gained 0.66% on the last trading day (Friday, 27th Aug 2021), rising from $285.04 to $286.91. During the day the stock fluctuated 1.36% from a day low at $285.18 to a day high of $289.05. The price has risen in 7 of the last 10 days and is up by 4.29% 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, 49 thousand more shares were traded than the day before. In total, 298 thousand shares were bought and sold for approximately $85.45 million.

On Oct 29, 2021 "Royal Bank of Canada" gave "$233.00 - $227.00" rating for RMD. The price target was changed from $264.47 to 1.6%.

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 ResMed Inc stock to perform well in the short-term.

About ResMed Inc:
ResMed Inc. designs, develops, manufactures, and markets medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders. Its portfolio of products include devices, such as air flow generators, ventilators, and oxygen concentrators; diagnostic products; mask systems; headgear and other accessories; dental devices; portable oxygen concentrators; and cloud-based software informatics solutions. The company also produces continuous positive airway pressure, variable positive airway pressure, and AutoSet systems for the titration and treatment of sleep disordered breathing (SDB). In addition, it offers data communications and control products, such as EasyCare, ResLink, ResControl, ResControl II, TxControl, ResScan, and ResTraxx modules that facilitate the transfer of data and other information to and from the flow generators. The company markets its products to sleep clinics, home healthcare dealers, patients, hospitals, physicians, and third-party payers through a network of distributors and direct sales force in approximately 100 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

Gores Guggenheim, Inc.

NASDAQ:GGPI Buy Candidate Score: 2.79
Buy Candidate Score: 2.79 Aug 27, 2021

The Gores Guggenheim, Inc. stock price gained 0.20% on the last trading day (Friday, 27th Aug 2021), rising from $9.85 to $9.87. , and has now gained 4 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 day the stock fluctuated 0.61% from a day low at $9.82 to a day high of $9.88. The price has fallen in 5 of the last 10 days and is down by -0.4% for this period. Volume fell on the last day by -180 thousand shares and in total, 497 thousand shares were bought and sold for approximately $4.91 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.

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 Gores Guggenheim, Inc. stock to perform well in the short-term period.