Notes – 11/8/2023 – 7:06am PT
o Amazon (AMZN; ranked #2 in our Q4 Large Cap Rankings) is less than 3% off its 52-week high. The stock is up nearly 20% in less than 2 weeks from its October 26th near term low.
o TJX (TJX; ranked #9 in our Q4 Large Cap Rankings) has shown pretty good technical strength. The stock is up 14% YTD; 29% over the last 12 months.
o As the parent of TJ Maxx and HomeGoods retail store its strength as the discount goods store could be seen as a place that may receive additional traffic if inflation/high interest rates maintain for an extended period.
o CrowdStrike (CRWD; ranked #13 in our Q4 Large Cap Rankings) is also another stock that is trading close to its 52-week high. The stock is currently trading at less than 2% from its 52-week high and has also seen a 12% gain since its October 26th near term low.
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