Only Consumer staples stocks are thriving
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Orsted may pay dividend again after several years
Orsted, the Danish renewable energy utility, recently published its Q2 earnings report, which showed mixed results. The company exceeded analysts’ expectations in terms of both revenue and EBITDA, but fell short of net income estimates. Nonetheless, project developments are on track, and the company’s liquidity position remains adequate. In light of the results, management maintains its 2026 guidance, and announced dividend payment plans for 2027. Overall, Orsted keeps making good progress, so we are keeping the stock on our Equity Top Pick List.
Commodities - Technical Analysis
Gold and silver have broken their downtrends, triggering upward waves that still hold potential for further gains. After a strong retest, the oil price may settle into a range, but there are still opportunities for further gains. Natural gas prices did not reach a new low, but no pattern indicating a reversal has yet emerged. Copper is maintaining its upward trend; it must rise again within the next few days, or the rally could break down. Wheat and corn are also beginning to turn upward again from key support levels after strong retests.
We are still finding stocks showing significant strength primarily in the basic consumer goods sector. The sector gained momentum last week and has since had a particularly strong week, with many companies joining in. During the week, Molson Coors Beverage and Target shares showed strong buying confirmation.
Best rated US stocks based on momentum ranking
Compelling technical picture:
Molson Coors Beverage (daily): The paper had already broken the downward trend earlier, but only now has it really confirmed the upward trend. After retesting the 50 level, it has reached a new swing high in recent days. The 56.25-59.38 level could easily be reached. The risk should be managed along the thin green upward trend line.
Target (daily): The stock had already broken its downward trend earlier, but it is performing very well, as we only saw a retest around 100 and since then it has run to a new swing high. There is a weaker level around 125, but strong resistance is expected at the 150 level, which could be a longer-term target. The rising green trend line could be the risk management level, and if it breaks, the long wave could end.
List of stocks with a chance of a turnaround in the coming weeks
Not a single paper met the screening criteria this week.
Most popular US stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
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