introduction
In this article, I’ll provide the latest overview of the stocks that have caught my radar to buy this coming week. As usual, I have been looking for the stocks that meet CAN SLIM criteria. However, this doesn’t always play out as planned. Usually, I find it better to buy stocks that perform better even if their fundamental indicators don’t meet the criteria.
As mentioned earlier, these are the stocks that have caught my radar. This doesn’t mean that they will be the best of the best in the future. Stocks can (and often will) decline in value and keeping them can cause losses. Please be careful in the market and do your due diligence.
stocks in the list
Here is the list for the coming week. Stocks are listed by near past performance starting from the best:
zs
This cloud architecture stock is in the leading industry right now. It seems to have everything in place: EPS and sales growth, accumulation by the institutions, overall accumulation in the market, and the outperformance of 98% of the stocks in the market.
Do I want to buy it now? Well, maybe, but the earnings release date is coming close. Otherwise, I would consider it a fairly low-risk trade. EMA 21 should be a little bit closer
ddog
This stock somehow wants to be my unicorn. It kind of teases me all the time. This one also has everything in place: fundamentals, leading industry, accumulation metrics, and so on. So far, I have been stopped out of the stock too often. Maybe too volatile for me.
Right now I would be reluctant to take a position because the earnings date is 8 days away.
wday
Sales growth slightly less than needed – 17 vs 20%. That wouldn’t be a deal breaker for me, just this metric doesn’t meet the CAN SLIM criteria. This should be taken into account when calculating risks (eg smaller position size or tighter stop-loss).
Other than that, the stock seems to be under strong accumulation by the market. Why not buy it and put the stop-loss just a little bit below the EMA 21…
trex
Strong fundamentals, strong accumulation. Funds seem to have sold it lately but overall market looks positive regarding this stock. CAN SLIM criteria are met and stock is in the leading industry. Also, the price is in the buyzone and there is not much volatility.
gbx
Sales growth is somewhat light for the company, just 6%. This means that again, CAN SLIM hasn’t been met. EPS growth is okay for now, but this can’t last forever if the sales growth doesn’t improve.
This stock is a little bit more volatile. Also, its price is not in the buy zone right now. Maybe just something to keep an eye on.
frog
Another teaser. I already owned the stock lately but was forced to sell it. Its price became too volatile. Right now, it’s catching up again. 35.35 would be the pivot point where to consider buying.
Fundamentals are good, stock is under accumulation by the institutions and by the market overall.
conclusion
As you can see, things tend to repeat themselves. These are not unfamiliar names. No, I am not psychologically attached to these names. This is just the list that has played out.
Hopefully, you have found something noteworthy from this list. Only time will tell how things play out. The best we can do is to pick as high-quality securities as possible and manage our risk before, during, and after a trade.
The lists and portfolio compositions are ever-changing. To me, buying stocks is not like committing to marriage – in good and bad. It’s more like dating – only in good.
