Breakout Stocks of Week 14
NASDAQ was up last week (week 13) by 1.98% ending at 14,169.30 points after gaining 275.46 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 Weight Watchers International, Inc NYSE:WTW. This stock has had a buy signal since Mar 17, 2022 when the price was $232.86 and is so far up 2.20% to $237.99. Some other companies are on our watchlist to, among these are Acco Brands Corporation NYSE:ACCO Sonic Automotive Inc NYSE:SAH Icahn Enterprises L.P. NASDAQ:IEP and CF Acquisition Corp. VI NASDAQ:CFVI which all got a breakout pattern emerging.
| Date | Company | Price | Week 14 |
|---|---|---|---|
| Weight Watchers International, Inc | $237.99 | $237.46 | -0.223% |
| Acco Brands Corporation | $8.19 | $8.04 | -1.83% |
| Sonic Automotive Inc | $46.07 | $41.74 | -9.40% |
| Icahn Enterprises L.p. | $51.37 | $53.00 | 3.17% |
| Cf Acquisition Corp. Vi | $11.68 | $11.58 | -0.84% |
The Weight Watchers International, Inc stock price gained 1.41% on the last trading day (Friday, 25th Mar 2022), rising from $234.69 to $237.99. During the last trading day the stock fluctuated 1.92% from a day low at $233.89 to a day high of $238.38. The price has risen in 7 of the last 10 days and is up by 7.82% over the past 2 weeks. Volume fell on the last day by -299 thousand shares and in total, 483 thousand shares were bought and sold for approximately $114.90 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 Feb 12, 2024, it was reported that BMO Capital gave WTW a "Market Perform" grade with a "upgrade" action.
Weight Watchers International, 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 Weight Watchers International, Inc:
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments, Health, Wealth and Career; and Risk and Broking. The company offers actuarial support, plan design, and administrative services for traditional pension and retirement savings plans; plan management consulting, broking, and administration services for health and group benefit programs; and benefits outsourcing services. It also provides advice, data, software, and products to address clients' total rewards and talent issues. In addition, the company offers risk advice, insurance brokerage, and consulting services in the areas of property and casualty, aerospace, construction, and marine. Further, it offers investment consulting and discretionary management services to insurance and reinsurance companies; insurance consulting and technology, risk and capital management, pricing and predictive modeling, financial and regulatory reporting, financial and capital modeling, merger and acquisition, outsourcing, and business management services; wholesale insurance broking services to retail and wholesale brokers; and underwriting and capital management, capital market, and advisory and brokerage services. Additionally, the company provides primary medical and ancillary benefit exchange, and outsourcing services to active employees and retirees in the group and individual markets, as well as delivers healthcare and reimbursement accounts, including health savings accounts, health reimbursement arrangements, flexible spending accounts, and other consumer-directed accounts. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.
No changes to the price of Acco Brands Corporation stock on the last trading day (Friday, 25th Mar 2022). During the last trading day the stock fluctuated 1.72% from a day low at $8.15 to a day high of $8.29. The price has fallen in 6 of the last 10 days and is down by -1.21% for this period.
On Oct 26, 2023, it was reported that Citigroup gave ACCO a "Outperform" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Acco Brands Corporation:
ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools. It offers its products under the AT-A-GLANCE, Barrilito, Derwent, Esselte, Five Star, Foroni, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, PowerA, Quartet, Rapid, Rexel, Swingline, Tilibra, TruSens, and Spirax brand names. The company markets and sells its products through various channels, including mass retailers, e-tailers, discount, drug/grocery, and variety chains; warehouse clubs; hardware and specialty stores; independent office product dealers; office superstores; wholesalers; contract stationers; and technology specialty businesses, as well as sells products directly to commercial and consumer end-users through its e-commerce platform and direct sales organization. ACCO Brands Corporation was founded in 1893 and is headquartered in Lake Zurich, Illinois.
The Sonic Automotive Inc stock price fell by -2.91% on the last day (Friday, 25th Mar 2022) from $47.45 to $46.07. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.14% from a day low at $45.85 to a day high of $47.75. The price has been going up and down for this period, and there has been a -2.58% loss for the last 2 weeks. Volume has increased on the last day by 70 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 259 thousand shares were bought and sold for approximately $11.93 million.
On Feb 29, 2024, it was reported that Morgan Stanley gave SAH a "Underweight" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Sonic Automotive Inc:
Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests. The EchoPark segment sells used cars and light trucks; and arranges finance and insurance product sales for its guests in pre-owned vehicle specialty retail locations. As of December 31, 2021, the company operated 140 new vehicle franchises representing 28 brands of cars and light trucks; 17 collision repair centers in 17 states; and 46 EchoPark stores in 16 states, including 11 Northwest Motorsport pre-owned vehicle stores. Sonic Automotive, Inc. was incorporated in 1997 and is based in Charlotte, North Carolina.
The Icahn Enterprises stock price gained 0.489% on the last trading day (Friday, 25th Mar 2022), rising from $51.12 to $51.37. During the last trading day the stock fluctuated 1.64% from a day low at $50.91 to a day high of $51.74. The price has fallen in 6 of the last 10 days and is down by -4.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 381 thousand shares were bought and sold for approximately $19.55 million.
Icahn Enterprises holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Icahn Enterprises L.P.:
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Its Automotive segment is involved in the retail and wholesale distribution of automotive parts; and offers automotive repair and maintenance services. The company's Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings that are used for preparing processed meat products. Its Real Estate segment is involved in the rental of retail, office, and industrial properties; construction and sale of single-family homes and residential units; and golf and club operations. This segment also engages in hotel and timeshare resort operations. The company's Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. Its Pharma segment offers pharmaceutical products and services. The company was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.
The CF Acquisition Corp. VI stock price fell by -1.02% on the last day (Friday, 25th Mar 2022) from $11.80 to $11.68. During the last trading day the stock fluctuated 4.17% from a day low at $11.50 to a day high of $11.98. The price has risen in 5 of the last 10 days but is still down by -0.26% 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 -1 million shares and in total, 579 thousand shares were bought and sold for approximately $6.77 million.
On Sep 08, 2022, it was reported that D.A. Davidson gave CFVI a "Buy" grade with a "initialise" action.
CF Acquisition Corp. VI holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About CF Acquisition Corp. VI:
CF Acquisition Corp. VI does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services, healthcare, real estate services, technology, and software industries CF Acquisition Corp. VI was incorporated in 2020 and is based 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.
