Stock Market Update: Sector Strength

August 18, 2020, 1:55 pm EDT

Sector Strength

The strongest sectors during the past 30 days are Information Technology, Consumer Discretionary, and Industrial. All these sectors reached more than 7% gains that are much better than other sectors as shown. Since many strong stocks are extended for new entry points, we are looking for stocks that may have a chance for another uptrend from base for weeks and months ahead. Here are some stocks in these sectors that may be worth attention for potential breakout. 

Techmology: MCHP, ADSK

Consumer Discretionary: BKNG, JD

Industrial: LMT

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