Leaderboard Trimmed, But Cloudflare, Caterpillar Among 5 Stocks To Watch

While stock market indexes look to build on a potential new rally, uncertainty surrounding the Iran war is contributing to a reduced number of names on the Investor’s Business Daily Leaderboard. Including Comfort Systems (FIX), only three companies remain on the list, but Cloudflare (NET) and Caterpillar (CAT) lead five stocks on the Leaderboard watchlist.

The current environment reminds investors to balance risk management with the need to stay on the hunt for stocks to watch as a potential new rally gets underway.

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Comfort Systems, GE Vernova Stay On Leaderboard

Actively managed by IBD market experts, the Leaderboard currently features just three stocks and one exchange-traded fund. Stocks on the list include Comfort Systems, GE Vernova (GEV) and TechnipFMC (FTI).

Despite turbulence in the general market, shares of Comfort Systems, GE Vernova and TechnipFMC remain right around their all-time highs.

The State Street SPDR S&P Biotech ETF (XBI) featured several top-performing biotechs, including Alnylam Pharmaceuticals (ALNY), United Therapeutics (UTHR), Halozyme Therapeutics (HALO) and Incyte (INCY). The biotech ETF has set up a flat base with a 132.09 buy point.

Cloudflare, Caterpillar Lead List Of Stocks To Watch

In addition to Cloudflare and Caterpillar, Bloom Energy (BE), Teradyne (TER) and** Viking Holdings** (VIK) have also secured a spot on the Leaderboard watchlist.

Caterpillar continues to work on a new base showing a 789.81 buy point. Featured in this column on March 30, Cloudflare has crafted a cup with handle offering a 229.15 entry.

Cruise operator Viking has weathered some choppy waters. But the stock has bounced back above the 74.61 buy point it first cleared in early February.

Teradyne, which makes high-end semiconductor automated test equipment, has etched a 344.92 buy point in a choppy new base. The stock trades above its 21-day exponential moving average and 50-day line.

Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.

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