New Magic Recipe Stocks Last Week
We have 3 new stocks entering the Magic Recipe Spell this past week.
This week we have 1 cases of stocks hovering right around the $1 billion market cap cutoff! GBX and CATO are both right around $1 billion in market cap, so when they fall slightly under, they fall out of the Magic Recipe. When they price over, they show up again, knocking 2 more "expensive" stocks out! This has and will continue to be a pretty common occurrence with these screens.
Insys, on the other hand, fell 19% last week, becoming more of a relative value now highlighted by the Spell.
Fitbit continues to do well after being irrationally sold off earlier in the year, up a solid 18.5% last week. Hopefully our bullish article a few weeks back helped some investors make a few bucks!
Tickers dropping out:Syntel, incorporated (SYNT)
Stanley Black & Decker, Inc. (SWK)
Lear Corporation (LEA)
Tickers entering:Insys Therapeutics, Inc. (INSY)
Greenbrier Companies, Inc. (GBX)
Cato Corporation Class A (CATO)
10% Movers:Fitbit Inc Class A (FIT) 18.62%
Insys Therapeutics, Inc. (INSY) -18.91%
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