Every day in our Stock Odds report released after the close, we highlight the winning and losing streaks as well as big one-day price moves for US indices, sectors and stocks. Something interesting stood out in our sector analysis after the close today. As shown, the Telecom and Health Care sectors are both riding 6-day winning streaks, while the Financial sector is on a 6-day losing streak. Historically, each of these sectors has performed quite differently on day 7 following 6-day streaks. Over the past 5 years, the Telecom sector has been up exactly half the time on day 7 following a 6-day winning streak. But the Health Care sector has only been up a third of the time on day 7 when it has gone up 6 days in a row. Conversely, when the Financial sector has been down 6 days in a row, it has gone up 80% of the time on the next day.
Looking for new stock ideas? Each week we publish "the Bespoke 50," a list of our favorite growth stocks in the Russell 3,000. To make the list of 50, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke's proprietary fundamental and technical analysis.
The "Bespoke 50" is released on a weekly basis, and in it you'll find the 50 stocks that made the cut, price charts for each of them, and an Excel file that you can download as well.