Momentum Wrap – Homebuilders and Auto Dealerships Stocks Shine Again
- Posted by Ivanhoff
- on January 23rd, 2013
34 stocks closed at all-time highs while gaining 1% or more: RKT PAG GPI MIDD LAD SRC KSU BRFS TYL FNGN
103 new 52-week highs among stocks that appreciated 1%+. Some of the notable movers include:
- The same market themes keep appearing. Homebuilders ($KBH $LEN $PHM…) have dominated since the second half of 2012. Auto dealers ($GPI $SAH $LAD) broke out in December and haven’t looked back since then.
- Breakouts continue to be very diverce: from washing machines ($WHR, which is an indirect housing recovery play) and cooking equipment ($MIDD) to refiners ($PSX $VLO)
StockTwits 50 Notables
- $KORS finally closed above $55, despite weak earnings report from another high-end retailer – $Coach ($COH). Maybe the bad news from $COH is good news (higher market share) for $KORS. There’s a bid behind it.
- $LNKD managed to close above $120 on above the average volume.
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