Today's five, straight off the screen: two Florida home insurers, a cancer drug developer, a discount grocer and an eye-care device maker.
Universal insures Florida homes, and falling claim and lawsuit costs have turned more of each premium dollar into profit. Today's close broke out of a long sideways range to a new high, and the question now is whether the breakout holds.
See the Breakout →Verastem sells a pill pair for a rare ovarian cancer, and those sales help fund its lung cancer drug, which has FDA fast-track status. It has won back most of its late-September pullback on heavier volume than Tuesday; we'll watch to see if it holds.
See the Pullback →American Integrity insures Florida homes, and it wrote a record number of new policies last quarter as profits hit a new high. Today's close was its best since mid-September, at the top of the day's range; the jury's still out on whether buyers stay.
See Today's Close →Grocery Outlet sells brand-name groceries at deep discounts, and a strong quarter led it to raise its full-year outlook. It has climbed steadily since spring and sits just under its early-September high, so we'll watch to see if the trend holds.
See the Trend →Glaukos makes eye-care treatments, and surging glaucoma implant sales led it to raise its forecast as a new cornea drug launches. It rose out of weeks of sideways trading on heavier volume than Tuesday, with TradingView's technical gauge alongside.
Check the Gauge →A screened name is a higher probability, not a sure thing.
This newsletter is for informational purposes only and does not constitute financial advice. TradersPro and its contributors are not registered investment advisors. Always conduct your own due diligence before making investment decisions. Past performance is not indicative of future results.
