You don’t need to go to the big, tech companies to find great trends. These companies are not the behemoths that are known for carrying the market. But they have been steady growers in recent months. While there are no guarantees they will continue, trends are our friends.
General Electric (GE) has been in a sharp rise for the last month and a half. Before September of last year it was just steadily rising, with a little flattening dip around Thanksgiving. But stock has seen increases after that dip. CEO Larry Culp has done a fine job of turning company around after a few missteps by previous leaders. He has proven great leadership. With the steep climb in price in the last month, it may make sense to wait for a decline for an entry point.
Abercrombie & Fitch (ANF) has just experienced its decline that may be an entry point. Its price is near the support line for the trend. The price of this stock has been a good climb for most of the last year. It will be interesting to see if it continues to perform.
Another growing retailer is Costco (COST). They experienced a few dips along their growth chart throughout 2023. But very little dips so far this year. Their recent earnings report led to a drop in their price. Perhaps a buying opportunity. We shall see where their road leads next.
McKesson (MCK) has been in a growth trend for a number of years. Their one-year chart looks strong. Brian Tyler has been at the helm for this run. He is also a proven leader.
Our final featured stock chart belongs to Cintas (CTAS). The uniform industrial company was a bit stagnate in late 2023, but otherwise has experienced growth in its price. It has plateaued in the recent days. Is this just another launch-off point or a moment that is leading to a rollover? We’ll see.
Each of these examples of great stock charts show companies with very good recent track records. If you have been an investor in these, congratulations! You have enjoyed good returns. There is no telling what will bring these companies down. The best we can do is follow those doing what they should be doing.