This Week’s Best Breakout Stocks

Hassan Maishera - December 9, 2019

Last week’s top gainers could carry over their momentum into this week. These breakout stocks made big moves over the past few trading sessions, so they could trade with a lot of volatility this week. Opportunistic traders should keep a close eye on them.

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Best Breakout Stocks for the Week

Keep an eye on these breakout stocks.

Genesco Inc. (GCO)

Genesco Inc. is another breakout stock for the week, after recording considerable gains over the past few days. The shares of Genesco Inc. are currently up by more than 1% at Monday’s pre-market session and could move higher over the coming days.

The stock has been performing well since the company published its Q3 earnings report on Friday, December 6. Net sales were flat at $537 million, but comps grew by 3%. EPS was up to $1.31 from the $1.00 recorded in the same quarter last year.

The excellent earnings report rallied share prices, and the stock could continue to perform well over the coming week.

Big Lots, Inc. (BIG)

The shares of Big Lots, Inc. have spiked over the past few days and could be set to move further this week. The stock recorded losses in the previous quarter, but the revenue obtained was higher than what analysts had expected.

The retail company posted a quarterly loss of $0.18 per share, which is better than the Zacks Consensus Estimate of a loss of $0.21. However, it is higher than the loss of $0.16 per share reported last year.

breakout stocks - retail stocks - big lots

It’s been a feast-or-famine kind of year for retail stocks, and Big Lots is on the hungry side of that spectrum. The company recently reported a quarterly operating loss.

Revenues came in at $1.17 billion, beating Zacks’ consensus estimate of 0.62%. It is also higher than the $1.15 billion reported in the third quarter of 2018. The shares of Big Lots, Inc. has soared despite the EPS loss.

KLX Energy Services Holdings Inc. (KLXE)

KLX Energy Services Holdings Inc. is a Wellington-based energy company. Last week, this stock jumped 30% to close out the week. Share prices continued trading higher during Monday’s pre-market session.

Decreased demand is killing the oilfield services industry. KLX recorded an 18.4% decrease in revenue from the second quarter of 2019. The company posted an income of $134.5 million, which is below the estimated $161 million. The EPS was $0.22, below the $0.28 predicted by Wall Street analysts.

Despite the weak earnings report, this company could be a great value pick. The company has plenty of operating capital to cover its debts, and it’s currently trading with a 0.31 price-to-book ratio and a 0.18 price-to-sales. It could be a great stock for long-term value investors.

Wellesley Bancorp Inc. (WEBK)

Wellesley Bancorp Inc. is another breakout stock worth watching this week. Shares of the Massachusetts-based bank jumped 30% last week, and that momentum could continue into this week.

breakout stocks - bank stocks - Wellsley bank

Traders flocked into Wellesley Bank after the company announced a merger with Cambridge Bancorp, and share prices jumped by over 30%.

Wellesley Bancorp Inc.’s is up big since it announced a merger with Cambridge Bancorp. The two banks will combine their commercial banking, wealth management, and private banking presence in Greater Boston. Under the terms of the all-stock deal, Wellesley shareholders will receive 0.580 shares of Cambridge common stock once the deal closes.

More Breakout Stocks for the Week

These breakout stocks led the market last week, but they could go even higher this week. Subscribe to the Dork to follow the latest breakout stocks. You can get even more stock market news by following the Stock Dork on Twitter and Facebook. Plus, never miss an update again with mobile Dork Alerts; sign up now to get hot stock picks, insights, and analysis delivered directly to your phone.

Hassan Maishera is a cryptocurrency expert and a Stock Dork freelance contibutor.

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