|Day Low/High||104.19 / 106.31|
|52 Wk Low/High||75.11 / 105.63|
The sector has been beaten down, but fundamentals and macro trends point to significant upside.
Following up on Monday's piece, these breakout stocks are likewise set to shoot even higher.
Tesoro Corporation (NYSE:TSO) hit a new 52-week high Tuesday as it is currently trading at $29.67, above its previous 52-week high of $29.61 with 380,444 shares traded as of 10:15 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.
Let's look at the names I called out as having meaningful trends we could play.
Tesoro's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Investors have been warned about disappointing fourth-quarter results, but 2012 guidance shows the pain could last throughout the year.
These companies are suffering from low margins, and their stocks are getting hit, but this will change.
Dow Jones industrial average slips almost 3 points, its first loss of the year; S&P edges up
Tesoro Corporation was a winner within the energy industry, rising 13 cents (0.6%) to $21.92 on average volume.
LDK Solar and services firm Frontline were among the top gainers for the week.
These four new IPOs may not be very well-known, but their price action is better than some better-known issues.
The U.S. is on the way to becoming a net exporter of gasoline. That's good news for our nation, but not so great for oil majors and refiners.
Headline risks from an Iranian flare-up are all that are needed to get people to hit the buy button.
A search for profitable names that are trading below tangible book value per share turned up myriad names.
The Italian bond auction is tomorrow; the market should rally if it goes well, but it not, expect support levels to be tested.
The key measurement going forward will be the number of stocks making new highs on the indices.
Tesoro Corporation (NYSE:TSO) hit a new 52-week high Friday as it is currently trading at $28.82, above its previous 52-week high of $28.74 with 5.5 million shares traded as of 3:50 p.m. ET. Average volume has been 4.9 million shares over the past 30 days.
This would be the best action since it would relieve the overbought condition from the rally and shake out the late longs.
Tesoro's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Karen Finerman says a dividend is way overdue, while an analyst says he expects one next year.
With continued volatility expected, keep positions small, day trade or sit on the sidelines.
Takeout rumors have triggered a Valero surge, but given the far-fetched nature of this idea, expect the move to be a one-act show.
The best way to winterize a stock portfolio isn't buying commodities futures, but shares of coal or oil companies.
The majority of energy stocks ended in the green this past week, with solar energy companies gaining significant momentum.
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