Welcome back for another Top Down Trade of the Week.
This is a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week’s standout is Materials, which This week’s standout is Materials, which cracked into the Top 3 of our rankings.
It’s also worth highlighting Industrials, which held strong with their #1 rank this week. We want to keep shopping for long opportunities in this leading sector.
And when it comes to laggards, how about Healthcare? We’re seeing pockets of strength emerge and are dipping our toes in.
I posted a quick idea note yesterday with some of my favorite big-cap names—worth checking out if you’re looking to build some anchor exposure to the space.
Here’s a look at our overall industry rankings, where Construction Materials just ramped into the top five.
This group is quietly becoming one of the most important areas within Industrials and Materials.
Below are the Top 10 Construction Materials names in the group, ranked by relative strength.
This week’s favorite pick is Martin Marietta Materials $MLM.
The stock has been stair-stepping higher, consolidating constructively at each level.
With momentum building, MLM looks ready to kick off a fresh leg to the upside.
As long as we’re above 530, I’m long with a target of 820.
Our team at ASC is constantly running these kinds of top-down scans. If you want access to our research and the trade ideas that come out of it, join us today—risk free.
