Carnage today in the market as stocks came under pressure early and never relented. Over the last several weeks, most of the overnight moves were faded. Meaning, if the futures sold off overnight, buyers of the dip would be rewarded. On the flip side, fading the overnight move higher often lead to profits. Throw that out of the window today as the sellers took control, giving us an old-school bloodbath made worse by Fed talk.
Check out Dave’s Daily Dive video above where I break down the market action today!!!
Each day I, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dive into the charts, pointing out key price action and levels for you to watch.
But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is where I uncover five Zacks Rank #1 (Strong Buy) and Zacks Rank #2 (Buy) stocks that are breaking out despite the rough market. These stocks have a ton of momentum behind them and are charging higher. The list of stocks I cover today include:
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
The Estee Lauder Companies EL
The Estée Lauder Companies Inc. manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
Hallmark Financial Services HALL
Hallmark Financial Services, Inc., through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates in the Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment markets, underwrites, finances, and services commercial lines of insurance products, including commercial automobile, general liability, commercial property, commercial excess liability, and commercial umbrella insurance products.
LVMH-Moet Hennessy Louis Vuitton LVMUY
LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury products company. The company operates through Wines and Spirits; Fashion and Leather Goods; Perfumes and Cosmetics; Watches and Jewelry; Selective Retailing; and Other Activities business groups.
The Boston Beer Company SAM
The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.
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The Boston Beer Company, Inc. (SAM) : Free Stock Analysis Report
The Estee Lauder Companies Inc. (EL) : Free Stock Analysis Report
Hallmark Financial Services, Inc. (HALL) : Free Stock Analysis Report
AngloGold Ashanti Limited (AU) : Free Stock Analysis Report
LVMH-Moet Hennessy Louis Vuitton SA (LVMUY) : Free Stock Analysis Report
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