Leaders List that made new 52-week highs and appeared on the BreakOuts Page, up from the prior session total of 20 stocks. New 52-week lows outnumbered new 52-week highs on the NYSE yet new 52-week highs outnumbered new 52-week lows on the Nasdaq exchange. There were gains for all 12 high-ranked companies currently on the Featured Stocks Page.

Damaging action recently has prompted greater caution. Since June 29th, we have repeated that technical weakness in the major averages (M criteria) earned the label of a "correction" as the major averages all slumped below their respective 50-day moving average (DMA) lines. The newspaper has stuck with an "uptrend under pressure" statement thus far.  The Dow and S&P 500 both also slumped below their respective 200 DMA lines, yet Friday's gains helped them both rebound above that important long term average, a level they are likely to find support. 

What is most important is that investors closely watch individual issues and be ready on a case-by-case basis to sell any stocks triggering technical sell signals. This is precisely how the fact-based investment system encourages investors to reduce exposure during uncooperative markets. Keep a watch list of the strongest stocks meeting all of the key fundamental and technical criteria while waiting for the market to show greater strength and produce a new confirmed uptrend.  Any new buy candidates that are solid matches with the fact-based investment system will be added to the Featured Stocks Page as the market action dictates.

PICTURED: The Nasdaq Composite Index recently slumped below its 50-day moving average (DMA) line yet remains above its 200 DMA line, a place where it is likely to find support.

Greek and EU officials came closer to an accord overnight, with the expectation of approval by Sunday. Chinese markets added a second day of gains, as China’s Shanghai Composite rose 4.5%. Domestically, wholesale inventories for May grew 0.8%, topping estimates.

All 10 S&P 500 sectors were higher. Tech was up the most. Google (GOOGL) and Facebook (FB) climbed after a round of positive analyst commentary for both. In consumer stocks, Walgreens (WAG) extended its win-streak and traded up over 8.8% for the week. In industrials, United Airlines (UAL) jumped on projections for lower seating capacity and higher rates. Energy was a relative laggard, as oil prices move slightly lower. Transocean (RIG) was off.

The Featured Stocks Page shows the most current notes with headline links which direct members into the more detailed letter-by-letter analysis including price/volume graphs annotated by our experts. See the Premium Member Homepage for archives to all prior pay reports published.

B O F I Holding Inc (BOFI) hit another new high today, getting more extended from its prior base. Prior highs near $97 define important support to watch on pullbacks. It was last shown in this FSU section on 6/10/15 with an annotated graph under the headline, "Small Saving & Loan Shows More Signs of Accumulation", hitting new 52-week and all-time highs (N criteria), rallying with no resistance remaining due to overhead supply. It was highlighted in yellow with pivot point cited based on its 3/23/15 high plus 10 cents in the earlier mid-day report (read here) while noted - "It clinched a technical buy signal with a gain backed by +55% above average volume on the prior session."

Quarterly comparisons have been above the +25% minimum earnings guideline (C criteria). Earnings rose by +35%, +40%, +41%, +38%, and +35% in the Mar, Jun, Sep, Dec '14, and Mar '15 quarters, respectively, versus the year ago periods. Sales revenues were up +21%, +24%, +39%, +41%, and +41% during that span. Following a downturn in its FY '11 earnings its annual earnings (A criteria) history has been strong.

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.