Breakout Stocks of Week 2
NASDAQ was down last week (week 1) by -0.0537% ending at 15,644.97 points after falling -8.40 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 Fluor Corporation NYSE:FLR. This stock has had a buy signal since Oct 12, 2021 when the price was $16.50 and is so far up 50.12% to $24.77. Some other companies are on our watchlist to, among these are Park National Corp NYSE:PRK Brown-Forman Corporation (BF.B) NYSE:BF-B Corteva, Inc. NYSE:CTVA and Pershing Square Tontine Holdings Ltd. Class A NYSE:PSTH which all got a breakout pattern emerging.
| Date | Company | Price | Week 2 |
|---|---|---|---|
| Fluor Corporation | $24.77 | $23.83 | -3.79% |
| Park National Corp | $137.31 | $143.12 | 4.23% |
| Brown-forman Corporation (bf.b) | $72.86 | $68.15 | -6.46% |
| Corteva, Inc. | $47.28 | $48.42 | 2.41% |
| Pershing Square Tontine Holdings Ltd. Class A | $19.72 | $19.85 | 0.659% |
The Fluor Corporation stock price gained 0.81% on the last trading day (Friday, 31st Dec 2021), rising from $24.57 to $24.77. During the last trading day the stock fluctuated 2.34% from a day low at $24.35 to a day high of $24.92. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume fell on the last day by -229 thousand shares and in total, 675 thousand shares were bought and sold for approximately $16.72 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 22, 2024, it was reported that Truist Financial gave FLR a "Buy" grade with a "hold" action.
Fluor 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 Fluor Corporation:
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources. It also provides consulting services, including feasibility studies, process assessments, and project finance structuring; and a range of services for small modular reactor technologies, as well as operation support services for nuclear power facilities and managing waste. This segment serves the oil, gas, and petrochemical industries. The Urban Solutions segment offers EPC and project management services to the infrastructure, advanced technologies, life sciences, and mining and metals industries. This segment also provides staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis. The Mission Solutions offers technical solutions to the U.S. and other governments. It also delivers solutions for nuclear security and operation, nuclear waste management, and laboratory management; and operation and maintenance, logistics, EPC, and life support solutions for mission-critical facilities across U.S. military service organizations. This segment offers site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. The Other segment researches, develops, licenses, and commercializes small modular nuclear reactor technology. It also provides unionized management and construction services. The company was founded in 1912 and is headquartered in Irving, Texas.
The Park National Corp stock price gained 0.139% on the last trading day (Friday, 31st Dec 2021), rising from $137.12 to $137.31. During the last trading day the stock fluctuated 1.56% from a day low at $135.61 to a day high of $137.73. The price has been going up and down for this period, and there has been a 1.88% 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, 2 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $3.04 million.
On Apr 24, 2024, it was reported that KBW gave PRK a "Market Perform" 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 Park National Corp stock to perform well in the short-term.
About Park National Corp:
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers. It also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventory and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans comprising mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases; consumer finance services; home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial loans. In addition, the company offers aircraft financing and asset management services. As of December 31, 2021, it operated 96 financial service offices and a network of 116 automated teller machines in 26 Ohio counties, 1 Kentucky county, 3 North Carolina counties, and 4 South Carolina counties. The company was founded in 1908 and is headquartered in Newark, Ohio.
The Brown-Forman Corporation (BF.B) stock price gained 0.635% on the last trading day (Friday, 31st Dec 2021), rising from $72.40 to $72.86. During the last trading day the stock fluctuated 1.26% from a day low at $72.04 to a day high of $72.95. The price has been going up and down for this period, and there has been a 0.22% 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, 142 thousand more shares were traded than the day before. In total, 661 thousand shares were bought and sold for approximately $48.18 million.
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 Brown-Forman Corporation (BF.B) stock to perform well in the short-term.
About Brown-Forman Corporation (BF.B):
Greif, Inc. engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries. This segment also offers flexible intermediate bulk containers and related services to the agriculture, construction, and food industries. The Paper Packaging & Services segment produces and sells containerboards, corrugated sheets and containers, and other corrugated and specialty products to customers in the packaging, automotive, food, and building products markets; and produces and sells coated and uncoated recycled paperboard, and recycled fiber. This segment's corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as various other applications. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use properties. As of October 31, 2021, this segment owned approximately 175,000 acres of timber properties in the southeastern United States. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.
The Corteva, Inc. stock price gained 0.340% on the last trading day (Friday, 31st Dec 2021), rising from $47.12 to $47.28. During the last trading day the stock fluctuated 1.15% from a day low at $46.88 to a day high of $47.42. The price has risen in 6 of the last 10 days and is up by 0.64% 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, 313 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $68.89 million.
On Apr 09, 2024, it was reported that KeyBanc gave CTVA a "Overweight" 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 Corteva, Inc. stock to perform well in the short-term.
About Corteva, Inc.:
Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana.
The Pershing Square Tontine Holdings Ltd. stock price gained 0.0507% on the last trading day (Friday, 31st Dec 2021), rising from $19.71 to $19.72. During the last trading day the stock fluctuated 0.203% from a day low at $19.70 to a day high of $19.74. The price has risen in 6 of the last 10 days and is up by 0.1% 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 $25.86 million.
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 Pershing Square Tontine Holdings Ltd. stock to perform well in the short-term period.
About Pershing Square Tontine Holdings Ltd. Class A:
Pershing Square Tontine Holdings, Ltd. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Pershing Square Tontine Holdings, Ltd. 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.
