UPDATE: The Sunday Stock Report Portfolio

All of the stocks featured on our High Ranked Leaders Watch List match up very favorably with the proven guidelines which were developed from a famous 50-year study of the market’s biggest winners. These stocks are of highly-ranked, financially sound companies and have properly formed technical bases. These selections hail from the current leading groups of the market. They are profitable businesses with either a new product or service, new management or are making new highs in share price as institutions and big money managers are accumulating shares. This means that they have the winning characteristics which we are all looking for. These characteristics include such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when such stocks are posted as set ups, they are poised for a buyable breakout.

hrlwl110616

 

Any questions or concerns, of course, please email me at james@jamestaulman.com.

 


 

SUN 11/6: Constellation Brands Inc. (STZ – NYSE) – PORTFOLIO UPDATE

PROFILE: Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets alcoholic beverages in the United States, Canada, Mexico, New Zealand, and Italy. The company’s brands include Corona Extra beer, Svedka vodka, and Robert Mondavi wine.

stz110616

Charts courtesy of StockCharts.com

LATEST ANALYSIS 11/6: Shares were holding at the 50-day moving average up until Tuesday, when the stock closed -2.2% below there with a +37% increase in volume.

STZ lost another -2.2% on Thursday before falling a bit lower on Friday where it found support at the 200-day moving average ($157.63).

As continuously reported – the group rank has admittedly fallen, yet that should not be a condition for selling this nearly-double winner at this point.

READ MORE HERE: Constellation Brands Expands Further, Buys Mexican Brewery

 


 

SUN 11/6: ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA – Nasdaq) – PORTFOLIO UPDATE

PROFILE: ULTA Salon, Cosmetics & Fragrance, Inc. is the largest beauty retailer in the United States. It operates specialty retail stores, which offer an assortment of branded and private label beauty products.

ulta110616

Charts courtesy of StockCharts.com

LATEST ANALYSIS 11/6: This holding continues pulling back since making single session gains of just over +11% on 10/13.

Shares lost nearly -6% this past week as they broke below our 1st SUPPORT of the previous lows near $232.00 (blue line on the chart).

As of Friday’s close, shares are +3% above the next support which is the 200-day moving average, currently at $221.72.

 


 

SUN 10/23: Constellation Brands Inc. (STZ – NYSE) – PORTFOLIO UPDATE

PROFILE: Constellation Brands, Inc., together with its subsidiaries, produces, imports, and markets alcoholic beverages in the United States, Canada, Mexico, New Zealand, and Italy. The company’s brands include Corona Extra beer, Svedka vodka, and Robert Mondavi wine.

stz102316

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: Shares continue making a rather orderly retracement to the 50-day moving average.

Our 1st SUPPORT remains at the previous lows of $161.50, with 2nd SUPPORT being the 200-day moving average.

As continuously reported – the group rank has admittedly fallen, yet that should not be a condition for selling this nearly-double winner at this point.

 


 

SUN 10/23: ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA – Nasdaq) – PORTFOLIO UPDATE

PROFILE: ULTA Salon, Cosmetics & Fragrance, Inc. is the largest beauty retailer in the United States. It operates specialty retail stores, which offer an assortment of branded and private label beauty products.

ulta102316

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: After soaring +11% in a single session during the previous week, shares drifted back to the 50-day moving average this past week.

Our 1st SUPPORT remains at the previous lows near $232.00.

 


 

SUN 10/23: MaxLinear, Inc. (MXL – NYSE) –  PORTFOLIO UPDATE

PROFILE: MaxLinear, Inc. provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide.

This stock was most recently added to the High-Ranked Leaders WatchList on 2/5/16 as its shares were setting up in a base.

The stock broke out on 3/4/16 as shares traded above the TRIGGER PRICE of $17.85 while the day’s volume was well on pace to make the TRIGGER VOLUME. This bullish action always confirms a BUY signal.

Later that day MXL did trade back below its TRIGGER PRICE, and this may happen on occasion.

As I noted that weekend – “…if you bought the breakout earlier that day, you are following the rules, and doing it right. You should now treat this like any other trade, and watch Monday’s action for any signs of weakness. An initial indication would of course be if the stock continues to pull back with an increase in volume.”

mxl102316

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: After losing nearly -6% during the previous week as the stock broke down out of an uptrend, shares basically held up this week near the 50-day moving average.

I am going to keep our 1st SUPPORT at the rising 200 day-moving average.

A breach of that level ($18.29), would be a sell signal.

The company will release its financial results for the third quarter 2016 after the close of the market on Monday, November 7, 2016. Management will host a corresponding conference call at 4:30 p.m.

 


 

UPDATE: The Sunday Stock Report Portfolio

All of the stocks featured on our High Ranked Leaders Watch List match up very favorably with the proven guidelines which were developed from a famous 50-year study of the market’s biggest winners. These stocks are of highly-ranked, financially sound companies and have properly formed technical bases.

The selections hail from the current leading groups of the market. They are profitable businesses with either a new product or service, new management or are making new highs in share price as institutions and big money managers are accumulating shares. This means that they have the winning characteristics which we are all looking for. These characteristics include such chart patterns as a cup with handle, flat base, double bottom base, etc. History has shown that when such stocks are posted as set ups, they are poised for a buyable breakout.

Here are the previous breakouts from the High-Ranked Leaders WatchList which are now in the Sunday Stock Report Portfolio.

hrlwl

 


 

SUN 10/16: MaxLinear, Inc. (MXL – NYSE) – PORTFOLIO UPDATE

PROFILE: MaxLinear, Inc. provides integrated, radio-frequency (RF) and mixed-signal circuits for broadband communication and data center, metro, and long-haul transport network applications worldwide.

This stock was most recently added to the High-Ranked Leaders WatchList on 2/5/16 as its shares were setting up in a base.

The stock broke out on 3/4/16 as shares traded above the TRIGGER PRICE of $17.85 while the day’s volume was well on pace to make the TRIGGER VOLUME. This bullish action always confirms a BUY signal.

Later that day MXL did trade back below its TRIGGER PRICE, and this may happen on occasion.

As I noted that weekend – “…if you bought the breakout earlier that day, you are following the rules, and doing it right. You should now treat this like any other trade, and watch Monday’s action for any signs of weakness. An initial indication would of course be if the stock continues to pull back with an increase in volume.”

mxl-6

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: After a run from found support of the 200-day moving average which started in mid-September, yet was with a noted lack in volume conviction, shares pulled back this past week nearly -6%.

The stock broke down out of that aforementioned upturned on this Thursday, then closed Friday just slightly above the 50-day moving average of $19.35.

Although the volume on this retracement, which started on Tuesday, was below the normal rate, the stock’s Accumulation/Distribution Rank has now fallen considerably.

I am going to keep our 1st SUPPORT at the 200 day-moving average.

A breach of that level ($18.17), would be a sell signal.

The company will release its financial results for the third quarter 2016 after the close of the market on Monday, November 7, 2016. Management will host a corresponding conference call at 4:30 p.m.

 


 

SUN 10/16: Exlservice Holdings, Inc. (EXLS – Nasdaq) – PORTFOLIO UPDATE

PROFILE: ExlService Holdings, Inc. provides business process solutions, utilizing operations management, analytic, and technology primarily in the United States and the United Kingdom.

This stock broke out on 2/23 as the company announced earnings. It closed that day up +7.5% with a +197% increase in volume. We did have the wrong TRIGGER PRICE posted that day of $50.00 when it should have been $48.00. The TRIGGER PRICE is always 10 cents above a significant high in the current base. In this case, that was the high made on 12/16.

On the morning of June 9th, this stock was added to the Technical SetUps WatchList.

Shares broke out from that watch list on July 8th and closed up +3.36%, at the session highs and at new all-time high.

exls101616

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: Very quiet trading this past week as shares continue to be pinned down by 50-day moving average resistance.

As previously noted – the overall ranks do remain solid, except for the Accumulation/Distribution Rank which has fallen to now as low as it can be.

This selection still needs to make some volume-backed gains in order to negate the recent weakness.

As noted last week – a close below the 200 DMA ($49.20) would be the FINAL SELL SIGNAL with about a +9% profit. Shares did close just below there on Friday.

For those who continue to hold, note that management will announce financial results for its third quarter ended September 30, 2016 on Thursday, October 27, 2016 before the market opens, and will hold a conference call at 8:00 a.m. (ET) to discuss the Company’s operating and financial results.

 


 

SUN 10/16: ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA – Nasdaq) – PORTFOLIO UPDATE

PROFILE: ULTA Salon, Cosmetics & Fragrance, Inc. is the largest beauty retailer in the United States. It operates specialty retail stores, which offer an assortment of branded and private label beauty products.

ulta101616

Charts courtesy of StockCharts.com

LATEST ANALYSIS 10/16: This holding soared +11% on Thursday, reclaiming its 50-day line in a very strong fashion with a +375% increase in the day’s volume.

Ulta Beauty raised its third-quarter and fiscal 2016 earnings estimates and predicted growth in the low 20s percentage range for 2017, 2018 and 2019. Ulta said only one-tenth of its online sales come from online-only shoppers, meaning that most still manage to find a way into a brick-and-mortar Ulta store, even if they’re able to order items online. That may explain why Ulta is Amazon-resistant. The stock earned a price target hike on Friday.

Our 1st SUPPORT is at the previous lows near $232.00.

READ MORE HERE: Teen Spending On Makeup Soars: Here’s How Investors Can Benefit