My Market Observations

What do the best performing stocks recently have in common?

Publish date: Tue, 31 May 2022, 05:00 PM
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I watch and trade markets based on observation and logic. Leave the emotion and ego at the door and you will survive!

A couple of stocks have showed up on my radar that have done very well in recent weeks. They are BJFood, Texchem, OFI and Power Root Bhd. They are all in the Food and Beverages (F&B)or at least have an element of it like in Texchem's case (Sushi King Restaurants). 

Year to date performance

1) BJFood                     UP 106%

2)Texchem                    UP 229%

3)OFI                            UP 8%

4)Power Root Bhd       UP 14%

Have they gone up too much to buy? 

I do not have the answer to this but I do know that I would prefer to buy laggards in this sector that have not moved as much so I can get a better Risk to Reward trade. 

Which F&B stock is worth buying? 

From the above list of stocks I only own BJFood but I am quite interested in increasing my exposure to the F&B sector. I shall share which stock I am currently looking to own in  the next article.

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