Investors looking for stocks outperforming the S&P 500 can check the Relative Strength At New High list in the IBD Stock Screener. For today's Screen Of The Day, 67 stocks met the criteria, including standouts MPLX, Zebra Technologies and Intapp.
Of the 67, a hefty 15 are in bases or buy zones. And all 15 show the coveted blue dot, signifying their relative strength lines reached 52-week highs as the stocks trade near buy points. The RS line measures a stock's performance vs. the S&P 500.
On Monday, in the first official hours of his new term, President Donald Trump signed an executive order declaring a national energy emergency that seeks to boost U.S. energy production.
MPLX stock, a liquefied natural gas play, is benefiting as some energy stocks are getting a bump from Trump's executive orders ending restrictions on energy production. Trump's actions included lifting a freeze on new LNG exports that President Biden imposed last year.
Stock Market Today: Stock Market News And Analysis
MPLX Stock Hits Buy Point As Rally Continues
MPLX rose 2.9% and broke out of a cup base with a 51.94 buy point in 24% above average volume Tuesday. Shares are in the buy zone up to 54.54, according to MarketSurge pattern recognition.
The stock rose for six straight days and is nearing levels not seen since August 2015.
MPLX missed third-quarter earnings and sales estimates on Nov. 5. Fourth-quarter forecasts call for profit to dip 6% then waver between a 7% decline and a 10% increase over the following three quarters.
Current projections show mostly single-digit revenue growth over the next four quarters. MPLX is set to report its Q4 results on Feb. 4.
MPLX is a limited partnership that operates energy infrastructure assets. Its services include gathering, processing and transporting natural gas and liquefied natural gas, crude oil and petroleum products.
Zebra Technologies Stock Breaks Out
Zebra Technologies broke out of an early stage flat base with a 413.44 buy point Tuesday, and is in a buy range up to 434.11. The stock gained around 3% Tuesday in its fifth straight gain. Zebra stock is back near its April 2022 high.
The company looks to have turned the corner after six quarters of flat or declining profits and sales. Its fourth-quarter earnings are projected to bolt 130% higher, before growth is expected to wane to 26% and 22% over the following two quarters.
Similarly, its revenue is back on a rising trajectory, as its third-quarter sales grew 31% with the same expected for its fourth quarter. Analysts expect sales growth to moderate to around 9% over the following three quarters. Zebra is expected to report its Q4 results on Feb. 13.
Zebra provides bar code scanners, bar code printing, robotics automation, radio frequency identification devices and other products and services for supply chains and workflow automation.
Institutions Can't Get Enough Intapp
Financial software stock Intapp is in a 15%-deep flat base with a 71.34 buy point. The entry is also its all-time high, reached on Dec. 12.
The stock has rocketed nearly 40% since the software maker topped fiscal first-quarter profit and sales estimates on Nov. 4.
The company's bottom line has been improving since fiscal 2022, with its first profitable year coming in the fiscal year ended June 2023, followed by a whopping 309% profit increase the next fiscal year.
Fiscal 2025 earnings estimates call for a 68% pop, then a 23% lift in fiscal 2026.
Institutions have been gobbling up shares, as reflected in its Accumulation/Distribution Rating of A and its 1.6 up/down volume ratio.
Mutual funds own 70% of shares, with 414 owning the financial software firm in December, up from 404 in September.
Intapp stock holds a perfect 99 IBD Composite Rating.
Follow Kimberley Koenig for more stock market news on X/Twitter @IBD_KKoenig.
