Updated weekly, the IBD Breakout Stocks Index showcases stocks to watch that have already launched new moves or are in or near new buy zones. Ranging from industry giants like Microsoft, Walmart, Costco Wholesale, Uber Technologies and GE Aerospace to younger firms like Duolingo, Oddity Tech and Roblox, the screen has swollen to a whopping 128 stocks across a wide range of industries.
Yet, the market indexes remain volatile as earnings season rolls along. A sharp post-earnings drop in the likes of Palantir Technologies reinforces the importance of risk management. So as IBD Long-Term Leaders like Microsoft and Fair Isaac set up alongside breakout moves from more recent IPO stocks like Duolingo and Oddity, investors should follow rules for how to buy stocks and when to sell stocks.
See All Names On The IBD Breakout Stocks Index
Stocks To Watch In A Slew Of Sectors
A look at the 128 names on this week's IBD Breakout Stocks Index shows a range of industry sectors leading the screen.
The financial sector showcases a host of stocks. Those in or near buy range include Charles Schwab, Virtu Financial and Credicorp. LPL Financial, which reports on Thursday, and FirstCash also fit that bill.
Credit card giants Visa and Mastercard continue to build new chart patterns after getting hit with a spat of volatility beginning in March.
The software sector also features an array of leaders. On May 1, Duolingo blasted out to an all-time high on "muy bueno" first-quarter results and is now extended. Meanwhile, Microsoft has perked up with its relative strength line on the rise. Microsoft stock now holds the No. 1 spot in terms of market-capitalization weighting on the Nasdaq, topping Apple and Nvidia.
Hailing from the Computer Software-Gaming group, Roblox looks to develop a breakout and could be forming a handle to offer an early entry. And cybersecurity software firm Rubrik has formed a double bottom showing a 76.11 buy point, which it briefly cleared Monday before pulling back. The stock rose over 2% Wednesday, ending the session just shy of a return to buy range.
Find Stocks To Watch: From Top IPOs To Large And Small Caps
Costco, Walmart, EBay Lead More Stocks To Watch
Other sectors showcased on the IBD Breakout Stocks Index include retail, insurance, mining, as well as aerospace and defense stocks.
Retailers include Walmart, Costco, Alibaba and eBay. DoorDash also made the list but retreated to its 50-day moving average after a mixed earnings report and announcing a deal to buy U.K.-based Deliveroo. After finding support at its 50-day line on Tuesday, DoorDash retreated below that benchmark early Wednesday. Alibaba stock also fellow below its 50-day line on Wednesday.
Among defense stocks, Howmet Aerospace, Loar and Leonardo DRS have all pushed beyond buy range.
Insurer Skyward Specialty Insurance and mining sector stock Wheaton Precious Metals represent their sectors as recent breakout stocks.
For more stocks to watch, see the full list of names on the IBD Breakout Stocks Index.
IBD Breakout Opportunities ETF
The IBD Breakout Opportunities ETF from Innovator Capital Management tracks the IBD Breakout Stocks Index. As with other index ETFs, this fund allows you to invest in the entire index in addition to, or rather than, buying individual stocks. Learn more here about the ETF and Innovator.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
