ການກໍ່ສ້າງ ແລະ ພື້ນຖານໂຄງລ່າງ ໃນບັນດາຮຸ້ນຍອດນິຍົມ ເພີ່ມຂຶ້ນສູງໃໝ່

Municipal infrastructure provider and top stock Lindsay (LNN) broke out from a cup base to new highs on Friday. Building products distributor Griffin (ກປ) also hit new highs and is extended past its 33.63 buy point.

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Lindsay shares climbed 1.7% Friday, passing its buy point of 171.79.

ການຮັບຮູ້ຮູບແບບ MarketSmith calls this a large ຈອກທີ່ມີ handle, but the handle is just way too deep. As a result, the handle has formed its own ຖານຈອກ. Shares are trading above the 50- and 200-day moving averages and the ເສັ້ນຄວາມເຂັ້ມແຂງພີ່ນ້ອງ ແມ່ນເພີ່ມຂຶ້ນ.

Lindsay reported fiscal Q4 earnings of $1.62 per share on Oct. 20, easily beating Wall Street estimates. LNN stock carries an EPS Rating of 95 and a perfect 99 ການໃຫ້ຄະແນນປະສົມ.

Lindsay And Griffin Are Among Top Stocks

Lindsay and John Deere (DE) share the IBD farm machinery group’s top rating.

Deere reports earnings next week. The farm equipment giant and top stock has been holding gains after topping the 400 level and a 406.12 buy point.

Griffin broke out on Nov. 11 and soared more than 7% Friday to new highs, extending above the 5% ເຂດຊື້ from the 33.63 entry.

The company reported fiscal Q4 earnings Thursday, beating Wall Street expectations with a profit of $1.09 per share. The stock has a Composite Rating of 93 and an even stronger 99 ການໃຫ້ຄະແນນ EPS.

“Regarding 2023, we expect revenue of $2.95 billion and at least $500 million of EBITDA (earnings before interest, taxes, depreciation and amortization) before unallocated costs. For Home and Building Products, we expect a moderate decline in sales and EBITDA margin due to reduced residential demand and inflationary effects,” the company said in its earnings report Thursday.

ຕິດຕາມ Michael Molinski ໃນ Twitter @IMmolinski

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