Select List #15 - October 29, 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: Tons of new names on the list since last week. Market internals are looking much stronger while certain mega caps struggle. This breadth thrust is quite bullish for the short-term.
Charts
COMPANY - INDUSTRY - MARKET CAP ($B)
SLB - Schlumberger Limited - Oil & Gas Equipment & Services - $64.67B
LNG - Cheniere Energy, Inc. - Oil & Gas Midstream - $43.11B
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