Hot Stocks Outlook for the Week of March 29th, 2019
VantagePoint Software reviews four fresh stocks this week. The Hot Stocks Outlook uses VantagePoint market forecasts that are up to 87.4% accurate to demonstrate how traders can improve their timing and direction. The Hot Stocks Outlook uses VantagePoint’s market forecasts that are up to 87.4% accurate to demonstrate how traders can improve their timing and direction. In this week’s video, we analyze forecasts for American Axle and Manufacturing ($AXL), Briggs and Stratton ($BGG), McCormick and Company ($MKC), Comerica ($CMA) and HanesBrands, Inc. (HBI).
This Week’s Hot Stocks Outlook
American Axle & Manufacturing ($AXL)
American Axle & Manufacturing designs, engineers, validates and manufactures driveline, metal forming and casting technologies for automotive, commercial and industrial markets. They have a market cap of $47 billion. Over the last 52 weeks, the price range has been 10.13 on the low side and 19.34 as the yearly high. The predictive moving average turned bearish on March 6th. The NeuralNet Indicator Is GREEN indicating short term strength. The market has sold off 15% in only 16 sessions. Power traders are sitting pretty on this trade with profits of $3+ per share. Swing traders tuned in to this opportunity have had numerous opportunities to buy low and sell high for quick profits in this market. Sellers are using rallies to get short.
Briggs and Stratton ($BGG)
They are an American Fortune 1000 manufacturer of gasoline engines. They have a Market Cap of $499.8 million. Over the past 52 weeks, they have traded as low as $11.34 and as high as $21.83. The predictive moving average turned bearish on March 4th. The NeuralNet indicator is also Bearish and the market has sold off 10% over the last few weeks. Power Traders are expecting more weakness ahead and are sitting on $1.50 per share in profits.
McCormick and Company ($MKC)
MKC is a Fortune 1000 company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products for the industrial, restaurant, institutional, and home markets. They have a market cap of $19.56 billion. Over the last year, they posted lows at 99.53 and their highs were 156.00. The predictive moving average turned bullish on February 6th. The NeuralNet Indicator Is GREEN indicating a double confirmation. Traders are using weakness to get long. The market has rallied 23% in that time frame. Swing traders tuned in to this market have had numerous opportunities to buy low and sell high for quick profits. Traders who jumped on the uptrend signal at the beginning of this move are up $24+ per share.
Comerica ($CMA)
Comerica is a financial services company headquartered in Dallas, Texas. They have a market cap of $11.5 billion. For the last 52 weeks, their trading range has been from 63.69 to $101.05. The predictive moving average turned down on March 6th at $86 a share. The NeuralNet Indicator Is GREEN indicating short term strength. The market has sold off 14% in the last 19 sessions. Power Traders are expecting more weakness ahead. PowerTraders who have been short from the $86 area are sitting in the catbird seat.
HanesBrands Inc. ($HBI)
We have been reporting on HanesBrands for the last several weeks. The artificial intelligence has been extremely effective in pinpointing highs and lows in this market for swing traders and those looking for better entries. The predictive moving average turned bearish at the end of February. Since that times frame the market has lost roughly 10% in value. Traders are up about $1.5 per share and are using strength as a selling opportunity. The Neural Net indicataor turned green 3 sessions ago and the market has rebounded nicely. We expect selling to hit this market as the price approaches the $17.10 to $17.45 area.
