While the $QQQ is struggling to hold above its 200-day moving average and the $SPY has just discontinued its series of 7 consecutive negative days, there are stocks that are trading at new all-time highs. What could be a better indicator of strong underlying demand than a new all-time high on the background of massive sell off.
Let’s take a look at the themes on the list:
Coffee: $GMCR and $PEET
Gold: $RGLD
Agricultural chemicals: $TNH
Investment brokerage: $MKTX
Waste Management: $CLH
Diversified Machinery: $TWIN
Restaurant: $ARCO (the so called McDonald’s of South America)
Global Payment Processing: $MA
Information and delivery svs: $GNET
Online auction for surplus and salvage assets: $LQDT
Electric Utilities: $BIP