S&P 500 Biotech Giant Vertex Leads 5 Stocks Showing Strength

Your stocks to watch for the week ahead are Cheniere Energy (LNG), S&P 500 biotech giant Vertex Pharmaceuticals (VRTX), Cardinal Health (CAH), Steel Dynamics (STLD) and Genuine Parts (GPC).

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While the market remains in correction, with analysts and investors wary of an economic downturn, these five stocks are worth adding to watchlists. S&P 500 medical giants Vertex and Cardinal Health have been holding up, as health-care related plays tend to do well in down markets.

Steel Dynamics and Genuine Parts are both coming off strong earnings as both the steel and auto parts industries report optimistic outlooks. Meanwhile, Cheniere Energy saw sales boom in the second quarter as demand in Europe for natural gas continues to grow.

Major indexes have been making rally attempts with the Dow Jones and S&P 500 testing weekly support on Friday. With market uncertainty, investors should be ready for follow-through day breakouts and keep an eye on these stocks.

Cheniere Energy, Cardinal Health and VRTX stock are all on IBD Leaderboard.

Cheniere Energy Stock
LNG shares rose 1.1% to 175.79 during Friday’s market trading. On the week, the stock advanced 3.1%, not from highs, bouncing from its 21-day and 10-week lines earlier in the week.

Cheniere Energy has been consolidating since mid-September, but needs another week to forge a proper base, with a potential 182.72 buy point formed on Aug. 10.

Houston-based Cheniere Energy was IBD Stock Of The Day on Thursday, as the largest U.S. producer of liquefied natural gas eyes strong demand in Europe.

Even though natural gas prices are plunging in the U.S. and Europe, investors still see strong LNG demand for Cheniere and others.

The U.K. government confirmed last week that it is in talks for an LNG purchase agreement with a number of companies, including Cheniere.

In the first half of 2021, less than 40% of Cheniere’s cargoes of LNG landed in Europe. That jumped to more than 70% through this year’s second quarter, even as the company ramped up new export capacity. The urgency of Europe’s natural gas shortage only intensified last month. That is when an explosion disabled the Nord Stream 1 pipeline from Russia that had once supplied 40% of the European Union’s natural gas.

In Q2, sales increased 165% to $8 billion and LNG earned $2.90 per share, up from a net loss of $1.30 per share in Q2 2021. The company will report Q3 earnings Nov. 3, with investors seeing booming profits for the next few quarters.

Cheniere Energy has a Composite Rating of 84. It has a 98 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share price movement with a 1 to 99 score. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 41.

Vertex Stock
VRTX stock jumped 3.4% to 300 on Friday, rebounding from a test of its 50-day moving average. Shares climbed 2.2% for the week. Vertex stock has formed a tight flat base with an official buy point of 306.05, according to MarketSmith analysis.

The stock has remained consistent over recent weeks, while the relative strength line has trended higher. The RS line tracks a stock’s performance vs. the S&P 500 index.

Vertex Q3 earnings are on due Oct. 27. Analysts see EPS edging up 1% to $3.61 per share with sales increasing 16% to $2.2 billion, according to FactSet.

The Boston-based global biotech company dominates the cystic fibrosis treatment market. Vertex also has other products in late-stage clinical development that target sickle cell disease, Type 1 diabetes and certain genetically caused kidney diseases. That includes a gene-editing partnership with Crispr Therapeutics (CRSP).

In early August, Vertex reported better-than-expected second-quarter results and raised full-year sales targets.

S&P 500 stock Vertex ranks second in the Medical-Biomed/Biotech industry group. VRTX has a 99 Composite Rating. Its Relative Strength Rating is 94 and its EPS Rating is 99.

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Cardinal Health Stock
CAH stock advanced 3.2% to 73.03 Friday, clearing a 71.22 buy point from a shallow cup-with-handle base and hitting a record high. But volume was light on the breakout. CAH stock leapt 7.3% for the week.

Cardinal Health stock’s relative strength line has also been trending up for months.

The cup-with-handle base is part of a base-on-base pattern, forming just above a cup base cleared on Aug. 11.

Cardinal Health, based in Dublin, Ohio, offers a wide assortment of health care services and medical supplies to hospitals, labs, pharmacies and long-term care facilities. The company reports that it serves around 90% of hospitals and 60,000 pharmacies in the U.S.

S&P 500 stock Cardinal Health will report Q1 2023 earnings on Nov. 4. Analysts forecast earnings falling 26% to 96 cents per share. Sales are expected to increase 10% to $48.3 billion, according to FactSet.

Cardinal Health stock ranks first in the Medical-Wholesale Drug/Supplies industry group, ahead of McKesson (MCK), which is also showing positive action. CAH stock has a 94 Composite Rating out of 99. It has a 97 Relative Strength Rating and an EPS rating of 73.

Steel Dynamics Stock
STLD shares shot up 8.5% to 92.92 on Friday and soared 19% on the week, coming off a Steel Dynamics earnings beat Wednesday night.

Shares blasted above an 88.72 consolidation buy point Friday after clearing a trendline Thursday. STLD stock is 17% above its 50-day line, definitely extended from that key average.

Steel Dynamics’ latest consolidation could be seen as part of a larger base going back six months.

Steel Dynamics topped Q3 earnings views with EPS rising 10% to $5.46 while revenue grew 11% to $5.65 billion. The steel producer’s outlook is optimistic despite weaker flat rolled steel pricing. STLD reports its order activity and backlogs remain solid.

The Fort Wayne, Indiana-based company is among the largest producers of carbon steel products in the U.S. It engages in metal recycling operations along with steel fabrication and produces myriad steel products.

How Millett Grew Steel Dynamics From A Three Employee Business

STLD stock ranks first in the Steel-Producers industry group. STLD stock has a 96 Composite Rating out of 99. It has a 90 Relative Strength Rating, an exclusive IBD Stock Checkup gauge for share-price movement that tops at 99. The rating shows how a stock’s performance over the last 52 weeks holds up against all the other stocks in IBD’s database. The EPS rating is 98.

Genuine Parts Stock
GPC stock gained 2.8% to 162.35 Friday after the company topped earnings views with its Q3 results on Thursday. For the week GPC advanced 5.1% as the stock held its 50-day line and is in a flat base.

GPC has an official 165.09 flat-base buy point after a three-week rally, according to MarketSmith analysis.

The relative strength line for Genuine Parts stock has rallied sharply to highs over the past several months.

On Thursday, the Atlanta-based auto parts company raised its full-year guidance on growth across its automotive and industrial sales.

Genuine Parts earnings per share advanced 19% to $2.23 and revenue grew 18% to $5.675 billion in Q3. GPC’s full-year guidance is now calling for EPS of $8.05-$8.15, up from $7.80-$7.95. The company now forecasts revenue growth of 15%-16%, up from the earlier 12%-14%.

During the Covid pandemic, supply chain constraints caused a major upheaval in the auto industry, sending prices for new and used cars to record levels. This has made consumers more likely to hang on to their existing vehicles for longer, driving mileage higher and boosting demand for auto replacement parts.

Fellow auto stocks O’Reilly Auto Parts (ORLY) and AutoZone (AZO) have also rallied near buy points amid the struggling market. O’Reilly reports on Oct. 26.

IBD ranks Genuine Parts first in the Retail/Wholesale-Auto Parts industry group. GPC stock has a 96 Composite Rating. Its Relative Strength Rating is 94 and it has an EPS Rating of 89.

A Guide to Fitness Apparel

Are you lost when it comes to shopping for fitness apparel? The first thing you need to make a decision about is the specific type of fitness apparel you are looking for. This can include but limited to yoga, equestrian, fitness exercise and golf apparel. Other sporting accessories include rafting vests, batting gloves and caps. This article will cover a short list of fitness and sports apparel.Golf ApparelIf you shop in most specialty sports store you will find a variety of golf apparel. The typical golf apparel includes a t-shirt and trousers. Keep in mind that when it comes to golf apparel comfort versus looks is the most important factor. You will also find a number of different caps and hats of different makes and designers. And finally you can find the crazy outlandish styles of some pro golfers there as well.Running ApparelWhen it comes to apparel for running you want to find something that is made with cotton because it retains moisture that can cause friction. This friction can lead to friction. The basics when it comes to this are tights, running shorts and cotton socks. When you are looking for a top to wear while running you want to choose something like a base layer top which will keep you dry during an extended run. Your running shoes should be chosen based on fit and comfort. This will ensure you are comfortable during your runs.Athletic ApparelWhen it comes to choosing athletic apparel the two criteria that should be most important are weather and climate. If your athletic wear is not suited for the weather it will affect your performance. The basics when it comes to this are jogging or running pants that have a drawstring. You can also find all weather gear that is designed with most weather elements in mind. Keep in mind that an athlete depends on his apparel to assist him in performing his best.In this article we have discussed various forms of fitness apparel. This included golf, running and athletic apparel. Each one of these sections had tips and advice on choosing the best for your needs. By following this you should have no issue choosing apparel that fits your needs.

Donald Trump and Robert Kiyosaki Recommend Network Marketing – Are They Crazy?

Donald Trump and Roberty Kiyosaki Recommend Network Marketing – DO YOU?Network Marketing just seems to be one of those businesses. We’ve all either heard or said the famous question, “IS THIS ONE OF THOSE PYRAMID THINGS?” Network Marketing is one if not THE most miss-understood business models ever. In fact, Network Marketing is NOT EVEN understood by a large percentage of people involved in the business. Why is that, well in my opinion there are 2 primary reasons the masses don’t understand Network Marketing.The first reason people don’t understand network marketing is because; they have a preconceived notion of THE BUSINESS without having any information of substance. People THINK, they know – when really they have NO IDEA. We all look at business through a set of RETAIL eyes, unless we’ve received or sought out specialized training. In other words we all NATURALLY think of a store. We think of products being sold to an end consumer. Network Marketing sells to consumers too, but NOT in a traditional method – there is no store, wealth is not created in Network Marketing through traditional RETAILING or SELLING.The second reason people don’t understand Network Marketing is because people make decisions BASED ON EMOTION, then AFTER – the decision is made they back the decision with THEIR LOGIC. Were all human and that’s how we operate. So, when someone is exposed to the opportunity they will FEEL a certain way about what they’ve seen. They may feel that THIS WILL BE EASY, IT’S TO GOOD TO BE TRUE, TOO HARD, THEY CAN’T DO IT, I DON’T LIKE SELLING, or LET’S DO THIS, people will FEEL a given way FIRST. Each individuals FEELINGS will be based on the individuals own experiences and self-image they will then back this FEELING with logic.Humans are emotional beings; MLM is an emotional business and has to be because people are emotional. So what emotion is a new person who sees the light going to experience??? You guessed it EXCITEMENT! Excitement and enthusiasm is important in any endeavor, unfortunately when it comes to Network Marketing it’s usually misplaced. This miss-directed excitement can become a problem when the new Networker receives or ACCEPTS no training. EVERY company offers training, but not every person ACCEPTS IT. Too often the attitude about how to build a business is “IT’S OBVIOUS” but the reality is Network Marketing is a simple business that requires a decision for success first, then the action necessary to achieve that success.So to quickly review, MORE OFTEN than not in MLM, someone who “SEE THE LIGHT,” gets started, doesn’t understand the business but THINKS THEY DO, receives or accepts no TRAINING, and then QUICKLY has success but doesn’t know why or how, so they can’t EFFECTIVELY train others, or they KILL their own dreams of a better life at the first sign of adversity and quit. The system of MLM is designed to avoid these traps, but unfortunately most don’t follow the system.SAD RIGHT! Of course it is. So why would 2 WELL RESPECTED, entrepreneurs like Donald Trump and Robert Kiyosaki stick their neck out and recommend Network Marketing? Don’t they know most people don’t understand it or “FEEL” like it’s a scam or ARE THEY NUTS???Well, Robert and The Donald understand that Network Marketing is first about PEOPLE and RELATIONSHIPS. The business is about people before products, commissions, or anything else. A Network Marketing business is a collection of PEOPLE, and PEOPLE are the asset to the MLM business, and to all businesses. They also understand that Network Marketing is LEVERAGED – DISTRIBUTION business. That sounds kinda fancy, but it’s really SIMPLE. Network Marketing is not about retail, it’s about DISTRIBUTION. The distribution is created through RELATIONSHIPS. The goal is to create a distribution channel of like-minded people for the purposes of retailing through recruiting. It’s a model where distributors are CONSUMERS and can distribute to consumers, while creating individual and collective success. The real magic, is in the bond of like-minded individuals working toward the same goal. The leveraging component is created because of the commission structure, and because everyone has the same rights and ability to grow their business without any bias. Entrepreneurs of Robert and Donald’s caliber understand that the right relationships are the key to success in business and LEVERAGE is the only way wealth is created. MLM combines relationships and leverage in a business with NO BARRIERS to entry or CAP on income.Most business especially in a sales environment have commissions as well as leverage, BUT the leverage is limited. In mortgages origination, car sales, insurance, real estate, and many other professions managers earn their income based on the performance of the group. No one else is able to LEVERAGE from the efforts of many – only the managers and owners are given this privilege. HMMMMmmm. Limited leverage – limited opportunity, unlimited leverage – unlimited opportunity. Robert, Donald and many other entrepreneurs understand any business with an unlimited leveraging component can create a fortune.Robert Kiyosaki admits, that he didn’t understand Network Marketing at first – his mind was closed to the opportunity, for him it took a wealthy friend whom HE ADMIRED and RESPECTED enough to listen with an open mind. Since then he’s been a strong advocate of the industry. His most recent book is titled, “The Business of The 21′st Century” and you can guess what it’s about – that’s right Network Marketing.Donald Trump recognizes that hard work is required for success in anything. So, if you’re going to work hard anyway – why not work hard at something that has the ability to pay you again and again. This idea is readily scene in Donald’s real estate holdings – real estate is a business that can have booms and busts, but canalso create a recurring income stream. MLM on the other hand is known for its ability to withstand and THRIVE during recessionary periods. Donald and Robert co-authored the book, “Why We Want You to Be Rich” that had an entire chapter devoted to Network Marketing. Donald demonstrates his belief in the industry by endorsing a Network Marketing company and even featured the company on his prime time TV show The Celebrity Apprentice, while at the same time owning a separate Network Marketing company – that’s putting your money, time, and energy where your mouth is.The Key Benefit’s Donald Trump and Robert Kiyosaki highlight are:Tax Deductions – When you start a Network Marketing business you gain the tax advantages of a business owner and can do so without giving up your full time income. More often than not the benefit of the tax deductions can more than offset the initial and monthly expenses of the business. Consult with your personal accountant or CPA and get the advice you need to take advantage this HUGE benefit.Low Start Up – Most Network Marketing companies have very reasonable startup costs typically $500 or less. While traditional business and franchises have huge start up fees and unlimited operating expenses, all to gain limited territories and limited income potential. MLM provides a low cost entry and a fixed monthly overhead, with an unlimited upside potential. Network Marketing is a SWEAT EQUITY business; you don’t need to bring a big investment, just your consistent effort.The Network – The most undervalued asset in Network Marketing is the Network of people. Where else can you get 100′s or 1000′s of people of ACTION together in one place with the goal of a better life? Network Marketing is a relationship business, and in this environment you can meet, learn, and partner with entrepreneurs from all walks of life. Many of whom are business leaders or owners of businesses outside of MLM. It’s the meetings and the meetings after the meeting where bonds are made.The Skills You Learn – Network Marketing will challenge any insecurity you have, and rebuild you as a leader. Communication is the most important skill in life, whether it is internal communication with yourself or external communication with an individual or a group. Communication equals wealth. MLM will accelerate your learning curve, in sales skills, leadership skills, organizational skills, networking skill, and of course marketing skill. This industry is an entrepreneurs BUSINESS SCHOOL, where the grades come in the form of checks.Leverage Existing Systems – Surveys show that most Americans dream of their own business, and we all know most business fail. Most businesses fail because they lack a system. The individual more often than not is THE SYSTEM, and that system breaks down because of the stress and strain. Like franchising, Network Marketing companies have an existing system in place. All we need to do is PLUG IN and operate that existing system.Proven Business Model – Network Marketing is a proven business system. Results don’t lie, MLM and direct sales has created more millionaires than any other business model. The industry has proven that it’s person to person marketing strategy can stand the test of time, as well as even the deepest recessionary periods.In Conclusion – Network Marketing is a business for people who are looking to make changes in their lives. If you are a person looking to make financial changes in your life, and want to do it within a community of achievers – you deserve to get involved with the right company, the right leaders, while developing into the person you need to be to create the lifestyle and success you deserve.