3 Fertilizer Stocks Emerging From Bases
Investing coach Gennady Kupershteyn shares some ideas for sectors showing technical and fundamental strength. In addition to some agricultural stocks, he discusses tech, health care, gun makers, and consumer discretionary names.
Kate Stalter: Today, I’m speaking with one of our frequent guests here on the Daily Guru, Gennady Kupershteyn of Capitalist Bull.
Gennady, where do you see the market right now? We had heavy upside trade last Friday. As we are speaking, we have had a pretty good week—although on Friday following the jobs report, downside volatility returned. So what is your outlook at this moment?
Gennady Kupershteyn: I’m very bullish right now. The last time you and I spoke was back in April, and the big difference between then and now is setups are working again. You are not getting your traditional setups like your double bottoms, but there is a lot of movement off of moving averages that are working.
And if you are paying attention to some of the bigger leaders like Apple (AAPL), Priceline (PCLN), and Intuitive Surgical (ISRG), you will find that they are moving up the right side and they are trying to set up for a future move. The nice thing is what I noticed recently is the advance/decline line is making new highs again, and that doesn’t happen if we are about to go into a bear market.