Top ranking stocks for a volatile market

The market had a good one-day bounce after last week’s sell off, but there is still a lot of investor concern as we head into the current earnings season.

Rising interest rates are a big concern, as is the impact of the ongoing trade war between the U.S. and China. While the overall economic landscape remains favorable, investors need to be particularly careful about which stocks to buy given the recent volatility and possibility of the overall market selling off during the final months of the year.

A strong earnings season will help, and so far the earnings season is getting off to a decent start. We are just at the beginning of the season, so anything can happen, but the start of the season is promising.

Stock Score Report ranks stock in the overall universe on both technical and fundamental criteria, so it is a great tool for finding stocks that have not only shown recent market strength but appear well-positioned to build on their recent gains.

Here are five stocks that are currently near the top of the rankings on Stock Score Report.

Burlington Stores

Discount retailer Burlington Stores (BURL) has trended lower over the last month, but the stock remains incredibly bullish and expect shares to rebound as the overall market regains its footing. Stock Score Report gives BURL an overall score of 92, with a near perfect short-term technical score. The company is not scheduled to report earnings this cycle until November 29, so shares will likely trade in sympathy to the overall market and other retail earnings reports for the next month. BURL trades at $161.40 with an average price target of $176.94.

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Chart courtesy of stockcharts.com

Boot Barn

Boot Barn (BOOT) has been a fixture at the top of the rankings for the last year, and the stock continues to trend higher. There was a little profit taking in sympathy to weakness in the overall market over the last week, but shares remain near their 52-week high. Stock Score Report gives BOOT an overall score of 93 with strong marks for both technical and fundamental screens. The company’s next quarterly report comes on November 6. Analysts forecast earnings of $0.09 per share, up from $0.04 during the same period last year as the company continues to post strong growth numbers. BOOT trades at $28.59 with an average price target of $30.00.

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Chart courtesy of stockcharts.com

Dave & Busters

Dave & Busters (PLAY) operates a chain of restaurants and entertainment venues for adults and families. The company has enjoyed strong earnings growth of 29% per annum over the last five years, and is expected to continue to grow earnings by an average annual rate of 12% over the next five years. PLAY has moved steadily higher since early summer, and Stock Score Report gives it an overall score of 89. The company reported strong numbers mid-September, posting big positive surprises on both the top and bottom line. PLAY is now trading at $62.67 with an average price target of $68.56.

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Visa

Credit card giant Visa (V) has fallen off in October, ending a very strong bull run that started at the beginning of 2017. Strong consumer confidence and low unemployment should keep consumers spending, especially during the busy holiday season. V is expected to grow earnings by 32% during the current year, and an additional 16% next year, which should keep investors bullish, and expect the stock to recover its recent losses as the overall market regains its footing. The company next reports earnings on October 24, so keep an eye on the stock at that time. Analysts forecast earnings of $1.20 per share, up from $0.90 during the same period last year. Stock Score Report gives V an overall score of 87. V trades at $142.44 with an average price target of $162.79.

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Spirit Airlines

Stock Score Report gives Spirit Airlines (SAVE) an overall score of 89, with near perfect short and long-term technical scores. The stock has trended steadily higher since mid-summer and is currently trading at its 52-week high. SAVE will report its third-quarter numbers on October 25 which will determine whether or not the stock is able to build on its recent gains. The valuation is low, with a forward P/E of just 11.9, so even a small miss would not put too much pressure on the stock, but high oil prices are a concern for all major airlines, so any sign of weakness could get an overreaction from Wall Street. SAVE trades at $51.25 with an average price target of $53.31.

Click here to see a full copy of the report.

Chart courtesy of stockcharts.com