3 Stocks Drawing Big Attention From Investors

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The S&P 500 struggled at the start of the year and may end the year breaking even. The index as a whole isn’t painting a clear picture for markets, as 30% of stocks are up over 10% on the year.

A few stocks that are breaking out in a big way are:

1.     Berkshire Hathaway (BRK)

A stock outside of the average investor’s price range. Berkshire’s Class A (BRK.A) stock sells for over $215,000 a share, but the company’s Class B (BRK.B) is doing just as well. The stock was at $128 a share three months ago and has since risen to $143.8 a share.

Berkshire’s stock is up 9.1% on the year.

Keep a close eye on Berkshire as the stock teeters at the $144 point going into the second half of the year.

2.     Shake Shack (SHAK)

Shake Shack has been a solid performer in recent years, but the company’s stock has struggled in 2016. The stock is down 6% on the year and 25% over the past twelve months. Historical data is pointing to avoiding this stock, but a bullish reversal may be on the horizon.

Shake Shack has a resistance of $42.5.

Analysts are looking to the $42.5 point to indicate that buyers are back in control of the stock. If you’re interested in Shake Shack, wait until its numbers rise a bit to lower the risk of it bottoming out again.

3.     Ambev (ABEV)

Ambev is trending up over the past month after falling to under $4 a share in January. The Brazilian brewing company has a price action of $82 billion and has climbed over 12% in the last month alone.

The stock hit a low on January 21 of $3.88 and has rebounded to over $5.22 a share as of April 14.

A lot of stocks lost ground in the first quarter of the year, and a lot are starting to hit bottom. As earnings reports continue to be released, we’ll see a lot of these stocks regain ground in the second and third quarter.

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