Breakout Stocks to Buy Before the Weekend

0
887
breakout stocks to buy-blog banner

US markets notched significant gains this month, and several breakout stocks set new highs over the past few days. The optimism surrounding the US-China trade deal and recent economic helped fuel the rally.

The US-China trade deal is on center stage again. Reports are circulating that officials are considering removing tariffs as part of the agreement. A completed deal could lift markets even higher.

The best breakout stocks won’t rally forever. Momentum traders need to stay on the hunt for hot stock to buy. The Stock Dork ranks all of the best stocks by category, so be sure to check out our other hot stock lists, including penny stocks, pot stocks, and more. (learn more about penny stocks here):

Plus, if you sign up for Dork Alerts now, you’ll get our 2020 Cannabis Investing Guide for FREE! Click here to Sign Up For DORK ALERTS

Latest Stock Markets News

US stock index futures are closing in on a new all-time highs. On Friday, index futures gained in the early hours of pre-session trading.

Dow Futures are already up by 70 points on Friday morning, with the NASDAQ Composite and S&P 500 also recording gains. The gains show that the market is shrugging off the potential for a trade-deal setback.

futures stocks
Early-morning futures activity indicates that the market is headed for a green day, despite a reported setback in negotiations with China.

China’s Commerce ministry recently stated that the trade should be preceded by the removal of tariffs. China’s call for the removal of duties could hamper the chances of an agreement being reached anytime soon.

However, the market didn’t react negatively to the setback. Instead, the US futures continue their push towards new all-time highs.

 Breakout Stocks to Buy Now

With the US futures heading to record highs, here are the breakout stocks to buy now before the weekend.

Astrotech Corp (ASTC)

Astrotech is leading the market after rising by 43.70% over the past 24 hours. The stock price surged from $1.23 to current trade at $1.71 per share. It could be set to rise higher over the coming days as the market closes in on new highs.

The increase in Astrotech’s stock price could be due to the impressive financial results of the first quarter of the fiscal year 2020 delivered on Wednesday, November 13. The company’s operating expenses are down by 8.5% during the first quarter compared to the same quarter of the fiscal year 2019. The company has also recorded progress in the development of its mass spectrometry technology called the 1st Detect.

Celsion Corporation (CLSN)

Celsion Corporation rallied over the past few days, and it’s run could continue.

This biotech stock is up by 7.91% at Friday’s pre-market trading hours after recording a 28.69% jump yesterday. Celsion recorded a quarterly loss of $5.5 million in Q3 2019, which is higher than the $4.7 million recorded in the same quarter of 2018.

The loss came as the company spent more on R&D and other areas of its business due to regulatory and commercialization efforts for ThermoDox. Celsion provided positive updates on several of its innovations, which could be the reason behind the stock price increase.

Pier 1 Imports Inc. (PIR)

Shares of the décor and furnishing retailer performed well this week. Pier 1’s stock was up by 2.58% during pre-market trading on Friday, following Thursday’s 23.56% surge.

best breakout stocks
Traders are turning bullish on Pier 1 Imports after the company hired a new CEO who they hope can right the ship.

Earlier this month, Pier 1 hired a bankruptcy veteran as the new CEO after struggling to record profits in recent quarters. Pier 1’s stock is up by more than 20% over the past two weeks and could be set to go higher.

International Game Technology PLC (IGT)

International Game Technology is another stock to watch out for as it is up by over 23% over the last 24 hours. The stock, which is now trading at $15.93 per share, has surged from early Thursday’s price of $13.67.

The shares jumped after the company reported a 3% increase in revenue during the third quarter of 2019. The surge in revenue was due to a rise in global gaming products sale. In the third quarter of 2019, International Game Technology’s revenue was $1.15 billion. The EPS for the quarter was $0.20 per share.

More Breakout Stocks to Buy Now

Stay tuned to the Dork to keep track of the top breakout stocks to trade. Follow Stock Dork on Twitter and Facebook to keep up with all the latest stock market news, and don’t forget to sign up for Stock Dork Mobile Alerts to get all the hottest stock picks, insights, and analysis delivered right to your inbox.

monsterid

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here