Investors looking for stocks to buy and watch should check out the IBD Screen Of The Day, a column that focuses on a list of top ideas in the IBD Stock Screener. Today’s IBD screen highlights the CAN SLIM Select screen, featuring Dow Jones leader Apple (AAPL).
Stocks To Buy And Watch: Apple
The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.
Apple is an IBD Leaderboard stock. Leaderboard upped its exposure to the Dow Jones tech titan during Monday’s 3% advance.
Facebook Breaks Out
Facebook stock dipped 0.2% midday Tuesday but remains above the entry. The 5% buy areas runs up to 396.53.
The FANG stock leader is an IBD Sector Leader. Earlier this year, the company’s market cap surged past the $1 trillion mark. Its platforms include the likes of Facebook, Instagram, Messenger and WhatsApp.
Outside Dow Jones: 2 Financial Leaders Near Buy Points
Among other key stocks to buy and watch, Ally Financial and LPL Financial are approaching new buy points amid today’s stock market action.
A key flaw is the stock’s lagging RS line. It remains far from its old highs. The relative strength line measures a stock’s price performance vs. the S&P 500 and is the blue line on every IBD daily and weekly chart.
LPL stock is moving up the right side of a cup base. For now, the new entry is 159.84. LPL’s base also features the look of a saucer. With a 20% correction within the pattern, it’s too deep to be a proper flat base.
Be on the lookout for a potential handle to offer a more risk-optimal entry. The stock moved up 0.6% Tuesday midday. LPL Financial provides brokerage and investment advisory services to financial advisors.
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