Price action might have been quiet in the Dow Jones industrials, S&P 500 and Nasdaq Monday, but growth stocks today outperformed in spades for the second straight session. Several growth stocks today in the IBD 50 outperformed, including Huazhu Group (HTHT), Five Below (FIVE) and PRA Health Sciences (PRAH).
XAt the close, the Nasdaq composite and S&P 500 eked out gains of 0.1%. The Dow Jones industrials eased 0.2%. Preliminary data showed volume on the NYSE and Nasdaq coming in lower than Friday's levels.
After rising more than 1% Friday, Innovator IBD 50 (FFTY) added another 0.6% Monday.
Nike (NKE) outperformed in the Dow Jones, rising more than 1%. Nike is closing in on a conventional entry of 86.14 as it works on the right side of a cup-shaped base.
Tesla (TSLA), Intuitive Surgical (ISRG) and Cerner (CERN) led the Nasdaq 100 with gains of more than 2% each
Breakout Stocks Today
Stocks today on the move included Restaurant Brands (QSR). The parent company of Burger King, Popeye's and Tim Horton's added 1.6% on strong earnings. Shares soared nearly 10% on Jan. 23 after the company reported solid same-store sales data. The stock broke out over a 64.27 cup-with-handle buy point early Monday, but gains faded.
Monday's session yielded a powerful breakout from Insperity (NSP). Shares jumped 19% on a strong earnings report. It gapped up over a conventional entry of 121.25 and closed near its session high.
Inside the IBD 50, Ubiquiti Networks (UBNT) followed through nicely after Friday's earnings-inspired breakout. Shares rose another 3.6% after soaring nearly 14% last week.
Leaderboard stock Chipotle Mexican Grill (CMG) crossed the 600 level after last week's gap-up on earnings. Shares hit another 52-week high, rising 3.5% to 603.36.
Meanwhile, shares of Dexcom (DXCM) added nearly 4% in higher volume. It crossed a 152.79 buy point early in the session but closed at 151.23.
Elsewhere, shares of NuVasive (NUVA) soared 13% on reports Smith & Nephew (SNN) is considering buying the company for around $3 billion. Shares of Smith & Nephew slumped 4% on the news.
Shopify (SHOP) reversed sharply lower ahead of its earnings report Tuesday before the open. A 2.3% intraday gain faded to a loss of 1.5% by the close.
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