GE Aerospace (GE) stock has recovered from a sell-off and recently hit a new high. Meanwhile, a natural gas name and McDonald’s (MCD) stock have also reached new levels.
All three are in buy zones with the earnings reports behind them. But two of the names have a weak trait on their charts.
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GE Stock Claws Back
Despite topping fourth-quarter earnings and sales forecasts, GE stock was punished by dropping more than 7% on Jan. 22. The jet engine maker’s revenue growth slowed to 18% from 21% and 24% in the prior two quarters.
After the shakeout, shares began climbing and broke out of a flat base with a 332.79 buy point on Feb. 19. The aerospace stock reached a record high of 348.48 on Wednesday. Shares are in a buy zone up to 349.43, according to MarketSurge pattern recognition.
GE stock has a Relative Strength Rating of 86, meaning it has outperformed 86% of stocks tracked by Investor’s Business Daily in the last 12 months.
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Atmos And McDonald’s Stock Have A Flaw
Natural gas distributor Atmos Energy (ATO) hit an all-time high on Friday. Shares are in a buy range up to 189.68 from a cup base buy point of 180.65. Demand for Atmos stock has been robust over the last 50 days as seen in its 2.3 up/down volume ratio. However, its RS Rating of 67 is below the 80 minimum that IBD seeks.
On Feb. 3, Atmos reported fiscal first-quarter earnings of $2.44 per share on sales of $1.34 billion. The natural gas company has been a steady profit grower as seen in its Earnings Stability factor of 2 out of 99 possible – with a lower number being better.
Friday’s session propelled McDonald’s stock to a record high. The fast-food giant is in a buy zone up to 342.64 in a long flat base with a 326.32 buy point. The Dow Jones index component’s profit and sales each grew 10% in the fourth quarter, the largest increases in eight quarters.
But McDonald’s stock has a weak 57 RS Rating and a mediocre 67 Composite Rating.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
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GE Stock Jets To A New High. A Natural Gas Name Joins It.
GE Aerospace (GE) stock has recovered from a sell-off and recently hit a new high. Meanwhile, a natural gas name and McDonald’s (MCD) stock have also reached new levels.
All three are in buy zones with the earnings reports behind them. But two of the names have a weak trait on their charts.
This video file cannot be played.(Error Code: 102630)
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
GE Stock Claws Back
Despite topping fourth-quarter earnings and sales forecasts, GE stock was punished by dropping more than 7% on Jan. 22. The jet engine maker’s revenue growth slowed to 18% from 21% and 24% in the prior two quarters.
After the shakeout, shares began climbing and broke out of a flat base with a 332.79 buy point on Feb. 19. The aerospace stock reached a record high of 348.48 on Wednesday. Shares are in a buy zone up to 349.43, according to MarketSurge pattern recognition.
GE stock has a Relative Strength Rating of 86, meaning it has outperformed 86% of stocks tracked by Investor’s Business Daily in the last 12 months.
IBD Newsletters
Get exclusive IBD analysis and actionable news daily.
IBD Newsletters
Get exclusive IBD analysis and actionable news daily.
Please enter a valid email address
Please select a newsletter
Get these newsletters delivered to your inbox & more info about our products & services. Privacy Policy & Terms of Use
Thank You!
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Atmos And McDonald’s Stock Have A Flaw
Natural gas distributor Atmos Energy (ATO) hit an all-time high on Friday. Shares are in a buy range up to 189.68 from a cup base buy point of 180.65. Demand for Atmos stock has been robust over the last 50 days as seen in its 2.3 up/down volume ratio. However, its RS Rating of 67 is below the 80 minimum that IBD seeks.
On Feb. 3, Atmos reported fiscal first-quarter earnings of $2.44 per share on sales of $1.34 billion. The natural gas company has been a steady profit grower as seen in its Earnings Stability factor of 2 out of 99 possible – with a lower number being better.
Friday’s session propelled McDonald’s stock to a record high. The fast-food giant is in a buy zone up to 342.64 in a long flat base with a 326.32 buy point. The Dow Jones index component’s profit and sales each grew 10% in the fourth quarter, the largest increases in eight quarters.
But McDonald’s stock has a weak 57 RS Rating and a mediocre 67 Composite Rating.
Follow Kimberley Koenig for more stock market news on X, the platform formerly known as Twitter, @IBD_KKoenig.
**YOU MAY ALSO LIKE: **
Discover Profitable Trades Each Day With MarketDiem. See How.
What To Do When Growth Stocks Backtrack To Test Buy Points
Learn How To Time The Market With IBD’s ETF Market Strategy
Looking For Market Insights? Check Out Our Live Daily Segment | Stocks To Watch
Learn How To Buy Stocks | Stocks To Watch