You can thank retail for helping to drag down markets today. The negativity wasn’t enough to put stocks firmly into the red on the day, nor was it enough to really make an impact on volatility. You can bet that a bad report from Macy’s (NYSE:M) puts more scrutiny on retail reports moving forward the rest of this quarter.
Check out Dave’s Daily Dive video above where he breaks down the market action today!!!
Each day, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dives 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 Dave uncovers five Zacks Rank #1 (Strong Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher. The list of stocks he covers today include:
WellCare Health Plans (NYSE:WCG)
WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs.As of December 31, 2015, the company served approximately 3.8 million members in 50 states and the District of Columbia.
US Concrete (NASDAQ:USCR)
U.S. Concrete, Inc. produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry in the United States. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. It primarily serves concrete sub-contractors, general contractors, governmental agencies, property owners and developers, architects, engineers, and home builders.
Syngenta (NYSE:SYT)
Syngenta AG, an agribusiness company, engages in the crop protection, seeds, and lawn and garden markets worldwide. It discovers, develops, manufactures, and markets crop protection products, such as herbicides for corn, cereals, soybean, and rice; fungicides for corn, cereals, fruits, grapes, rice, soybean, and vegetables; insecticides for fruits, vegetables, and field crops; and seed care, primarily in corn, soybean, cereals, oilseeds, and cotton.
Stanley Black & Decker (NYSE:SWK)
Stanley Black & Decker, Inc. provides tools and storage, commercial electronic security, and engineered fastening systems worldwide. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. The company was founded in 1843 and is headquartered in New Britain, Connecticut.
Freightcar America (NASDAQ:RAIL)
FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.
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Freightcar America, Inc. (RAIL): Free Stock Analysis Report
U S Concrete, Inc. (USCR): Free Stock Analysis Report
Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report
WellCare Health Plans, Inc. (WCG): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
Syngenta AG (SYT): Free Stock Analysis Report
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Zacks Investment Research