Select List #14 - October 22, 2022
Stocks Early In Breaking Out - Output from our favorite screen of stocks showing abnormal relative strength
The Select List is the output of one of our favorite market screens. The Select List is comprised of companies that are exhibiting abnormal strength relative to the market and their industry grouping. These names generally have a higher probability of setting up for a further move higher.
Furthermore, the Select List focuses more on newly issued stocks rather than names that have traded for decades, which commonly dominate the weekly post’s chart review.
Note: Heavy emphasis this week on energy names, which are some of the few stocks working in this bear market. Given the recent run up, this week’s Select List is substantially larger than last week and contains plenty of names breaking out over their major moving averages.
Charts
COMPANY - INDUSTRY - MARKET CAP ($B)
LNG - Cheniere Energy, Inc. - Oil & Gas Midstream - $45.87B
HES - Hess Corporation - Oil & Gas E&P - $44.21B
HAL - Halliburton Company - Oil & Gas Equipment & Services - $32.50B
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