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BREAKING: Stocks Hold On To Opening Gains
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These Are The 5 Best Stocks To Buy And Watch Now
MICHAEL LARKIN 02:00 PM ET 10/03/2020
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Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist? Target ( TGT ), Beyond Meat ( BYND ), LGI Homes ( LGIH ), Twilio ( TWLO ) and
Freshpet ( FRPT ) are worth considering as the market gets back into gear.
Since the coronavirus bear market, stocks have rebounded powerfully. The strong action reflected a rising confidence that the economy will eventually recover from the Covid-19-caused shutdown. The market is once again in a confirmed uptrend, after previously slipping into correction territory. The major indexes retreated Friday, especially the Nasdaq, after President Donald Trump tested positive for coronavirus and a weaker-than-expected jobs report. On the other hand, many leading stocks are offering buying opportunities.
Amid these mixed signals, investors should still exercise caution about opening new positions at the moment. Perhaps test the water by buying a smaller position than normal. It is also a good time to be identifying targets for your watchlist.
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So why are these five names above the rest to buy or watch? Before turning to that question, it is important to consider how one goes about choosing a stock in the first place. Superior fundamentals and technical action, and buying at the right time, are all part of a shrewd investing formula.
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Best Stocks To Buy: The Crucial Ingredients
Remember, there are thousands of stocks trading on the NYSE and Nasdaq. But you want to find the very best stocks right now to generate massive gains.
The CAN SLIM system offers clear guidelines on what you should be looking for. Invest in stocks with recent quarterly and annual earnings growth of at least 25%. Look for companies that have new, game-changing products and services. Also consider not-yet-profitable companies, often recent IPOs, that are generating tremendous revenue growth.
IBD's CAN SLIM Investing System has a proven track record of significantly outperforming the S&P 500. Outdoing this industry benchmark is key to generating exceptional returns over the long term.
In addition, keep an eye on supply and demand for the stock itself, focus on leading stocks in top industry groups, and aim for stocks with strong institutional support.
Once you have found a stock that fits the criteria, it is then time to turn to stock charts to plot a good entry point . You should wait for a stock to form a base, and then buy once it reaches a buy point , ideally in heavy volume. In many cases, a stock reaches a proper buy point when it breaks above the original high on the left side of the base. More information on what a base is, and how charts can be used to win big on the stock market, can be found here.
Don't Forget The M When Buying Stocks
Never forget that the M in CAN SLIM stands for market. Most stocks, even the very best, will tend to follow the market direction. Invest when the stock market is in a confirmed uptrend and move to cash when the stock market goes into a correction.
The current stock market is back in an uptrend, but there are some warning signs. The Nasdaq slumped on Friday, the 10th day of its rally attempt. The S&P 500 also ended the week below its 50-day line, a bearish indicator. The Dow Jones managed to close Friday above the low of Wednesday's follow-through, which prevented its uptrend from coming under pressure.
As you identify stocks, on a technical basis look for stocks with rising relative strength lines.
Remember, things can quickly change, when it comes to the stock market. Make sure you don't miss out on a rally by keeping a close eye on the market trend page here.
Best Stocks To Buy Or Watch
Now let's look at Target, Beyond Meat and LGI Homes stock in more detail. An important consideration is that these stocks all boast impressive relative strength.

Hi TraderAngolan, why hide your history trade?

It's open, check

I think i will strive to meet target on this account today and stop trading it to create more space for live accounts.

Done trading for today Friday, benefits of being a day trader

Don't get tangled on Friday market, always love to exit earlier

Friday market always Friday market.

shaopan posted:
Hi TraderAngolan, why hide your history trade?

Hope you could view now.

Gold Trades will be continued on this by today market opening

Ok, after much analysis, Gold buying for quick profits.

For those following this account, I'm done trading it, you can follow the LiveAccount of 10k I got permission to upload.