Rally off the Lows and Gold Gets Pounded - Dave's Daily Dive

Check out the video above for Dave’s Daily Dive into the Charts!

Each day, Dave Bartosiak of Zacks.com (Twitter @bartosiastics) dives into the charts, pointing out key price action and levels for you to watch.

Today’s dive included a quick overview of the Ten Year Treasure Note Futures, a look at the S&P 500 and some insight into the gold and FX markets. With the rally on Wall Street today, there was plenty to talk about.

But it doesn’t stop there because the highlight of today’s video, which you can see for free by clicking above, is where Dave uncovers five Zacks Rank #1 (Strong Buy) stocks that are breaking out to new 52-week highs today. These stocks have a ton of momentum behind them and are charging higher. The list of stocks he covers today include:

Applied Optoelectronics AAOI

Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television (CATV), and fiber-to-the-home (FTTH) networking end-markets. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. 

Axcelis Tech ACLS

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific. The company offers a line of high energy, high current, and medium current implanters for various application requirements. 

Cognex Corp CGNX

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company offers machine vision products, which are used to automate the manufacturing and tracking of discrete items, such as mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. 

Ferrari RACE

Ferrari N.V., through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars.  In addition, the company offers non-registered racing cars; and parts, as well as after sales, repair, maintenance, and restoration services for cars. Further, it licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; and Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates. Additionally, the company provides direct or indirect finance, and leasing services for the purchase of cars to retail clients and dealers; and manages race tracks. As of December 31, 2016, it had a total of 45 retail Ferrari stores, of which 29 stores were franchised stores, including 8 Ferrari Store Junior and 16 stores were owned and operated by the company.

Ultratech UTEK

Ultratech, Inc. develops, manufactures, and markets photolithography, laser thermal processing, and inspection equipment. It supplies step-and-repeat photolithography systems based on one-to-one imaging technology for semiconductor device and nanotechnology manufacturers. 

Now See All Our Private Trades                                                                                                                                                                   

While today's Zacks Rank #1 new additions are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum  . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for all Zacks trades >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
 
Ultratech, Inc. (UTEK): Free Stock Analysis Report
 
Ferrari N.V. (RACE): Free Stock Analysis Report
 
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
 
Cognex Corporation (CGNX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research