In this clip from The Macro Show, Hedgeye CEO Keith McCullough reviewed some of the stocks that are gaining strength in this complex trading environment.
The number of stocks showing “Signal Strength” jumped from 66 to 77 this week. That means 77 individual names are showing strong bullish signals in Keith’s model—mathematically driven signals, not opinions.
Among the 18 new additions, we’re seeing:
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Energy stocks gaining momentum (thanks to inflation pressures)
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Growth-oriented names catching a bid as well
McCullough specifically highlighted ROKU, which was added to our Signal Strength list ahead of the stock's 8% up move on Monday.
"The Signal figured it out. It front-ran inside information," McCullough says.
Many of the new names gaining strength—like energy and growth stocks—tend to perform well in Quad 3, where inflation is rising and growth is slowing.
Some also work in Quad 2, but the market is likely transitioning into Quad 3 for Q3, so the model is already adapting to that shift.
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