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Looking for Bullish Ideas? Here Are 13 Stocks to Be Watching Now


Tesla Motors, JC Penney, and CME Group are some of the stocks on this list.

After one of the largest two-day drops in recent memory, the question now becomes: What to do? I have my near-term concerns and I don't think going all in long here is prudent. Still, on the individual stock level, there are always opportunities.

This got me thinking. My screen was very red the past two days. What about the stocks that were up these past two days? There couldn't be many, and those that make the cut would be displaying some amazing relative strength. In other words, should we get a nice oversold bounce here, these could be the names to lead it.

Out of my firm's database of 2,600 stocks, I was left with just 13 that trade at least one million shares per day. Here they are.

I can tell you that Tesla Motors (NASDAQ:TSLA) and JC Penney (NYSE:JCP) are two that we've been bullish on around here lately, so hopefully they lead the next bounce. Take a closer look at the list above and form a watch list for potential trades; I'm saying this recent relative strength is a sign that some of these names will outperform over the coming weeks.

This article by Ryan Detrick, CMT, was originally published on Schaeffer's Investment Research.

Below, find some more great content from Schaeffer's Investment Research:

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Twitter: @schaeffers
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