Skip to content

3 Sizzling Stocks That Are Breaking Out Right Now

The selloff in stocks continues. The downturn that began in August and accelerated in September is ongoing as we near the end of October. Since Aug. 1, the benchmark S&P 500 index has declined 7%. The drop in equities has largely been broad-based with few names or sectors spared.

That said, there are a few stocks bucking the current downtrend and rising. A handful of well-known companies are seeing their share prices break out and rally, running against the broader market in the process. That is due to both strong financial results and some strategic deals and initiatives that have won the praise of both analysts and investors.

A select few breakout stocks are even hitting 52-week highs right now. Investors should pay attention to these moves as they show there is still money to be made in an otherwise down market. Here are three sizzling stocks that are currently on fire.

This post originally appeared at InvestorPlace.