As the market closed strongly on Friday, Casey’s (CASY) shares surged to a record high, concluding a busy but successful week. On Friday, Casey’s—formerly Casey’s General Stores—rose to the top of the IBD Big Cap 20 list. Cal-Maine Foods (CALM), a provider of eggs, was placed in the Stock Spotlight, and shares of managed healthcare business Molina Healthcare (MOH) increased on the IBD 50 list. On IBD’s top stock lists, they were three out of thirty new stocks.
In the meantime, the Stock Spotlight was given to Adtalem Global Education (ATGE), a prominent provider of health care education. Gold continues to shine brightly, as evidenced by the rise of many mining stocks, such as DRDGold (DRD), Eldorado Gold (EGO), Gold Fields (GFI), and Royal Gold (RGLD), onto IBD watchlists. On Friday, both Royal Gold and DRDGold reached all-time highs.
IBD stock screens are updated frequently to filter out stocks that have begun to exhibit weakness and to add new stocks to monitor. You can see which stocks have been added to or taken off of lists such as the IBD 50, Sector Leaders, and the IBD Big Cap 20 in the tables below.
The screens are also based on the IBD Methodology, which searches for stocks that exhibit the characteristics that the top-performing stocks usually have in the early phases of significant price movements.
To assist you create and manage your list of stocks to keep an eye on and receive alerts for any new developments, check this column every day.
Starting With One Store In A Small Town, Casey’s Is Nearing 3,000 Stores
In 1968, Casey’s began as a general store in Boone, Iowa. It currently runs over 2,900 locations in 20 states and is still expanding. Pizzas and other freshly baked goods are its specialty. With an almost perfect 98 Composite Rating, Casey’s is in the top 2% of all stocks. After peaking at 459.46 intraday, Casey’s stock jumped 4.4% to a record closing of 457.25 on Friday.
But never purchase a stock merely because it is listed on an IBD list. Make sure you conduct your own research and use a buying checklist for any stock you are considering. Additionally, you can easily observe broad market trends, choose stocks to watch, and determine the ideal times to purchase and sell by following IBD’s straightforward three-step approach.
IBD 50
You may find 50 firms with excellent fundamentals and high relative price strength on IBD’s premier screen of the finest growth stocks to watch. Always look at these cutting-edge stocks that have a track record of outperforming the S&P 500 before deciding which stocks to purchase.
