The Federal Reserve's struggle to contain inflation and the midterm elections have investors on high alert. As the volatile stock market indexes weather the storm, three IBD Leaderboard stocks — Cardinal Health, Noble and Neurocrine Biosciences — show their mettle.
Leaders joining them include Wingstop, Texas Roadhouse and Cheniere Energy as they wrangle with new buy zones.
Meanwhile, the IBD Leaderboard watchlist grew to seven names, including chemicals stocks Albemarle and CF Industries.
Medpace, Enphase Energy, Arista Networks, Clearfield and Xometry fill out the watchlist.
Top Funds Buying These Leaders Ahead Of Midterm Election
In addition to the Leaderboard list of top growth stocks to watch, seven companies also earned a spot on IBD's latest list of new buys by the best mutual funds.
ENPH, WING, MEDP, NBIX, ANET, CF and CFLD each earned that honor. That's a positive sign of institutional demand among top money managers.
London-based Noble and LNG leader Cheniere did not make the cut but they are tapping strong demand, boosted by booming European markets.
Cheniere sold off after reporting quarterly results Thursday but found support at its 50-day moving average.
All eyes are now focused on the midterm elections. Let's see how Wall Street reacts to and digests the changing political landscape.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
