This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

Welcome to our eighth part of our series on Systematic Trading!

In this part, you'll discover two stocks that are beating the US stock market. Furthermore, these stocks are exciting as they are fresh breakouts.

Before you scroll further, you'll want to check out our stock pick in Apr on HP Inc and Altria Group.

Are you excited and all ready to jump in?

Molson Coors Beverage (NYSE: TAP)

Source: www.molsoncoors.com

1. About the Company

Bavaria. Singha.

Do you recognize these beer brands?

These brands belong to Molson Coors Beverage.

With more than 130 alcohol brands under its belt, Molson Coors Beverage is one of the largest beer companies in the world.

From late 2016 to late 2020, the share price Molson Coors Beverage was battered. This decline was exacerbated by COVID-19. As more countries welcome tourists from around the world, its financial health is improving and its future looks bright.

What does the chart of Molson Coors Beverage (NYSE: TAP) look like then?

2. Position Trading (Daily)

There was intense selling pressure on TAP between June 21 and Oct 21 before a turning into the wonderful uptrend shown above.

With dining out restrictions lifted in many countries and that summer is fast approaching, there should be more gatherings. This is likely to increase the sales of alcoholic beverages, benefitting Molson Coors Beverages. This could possible fuel the price of TAP in the coming days or even weeks.

Hence, I think that there’s lots of upside potential for TAP.

However, this doesn’t mean that you rush to buy TAP now. You’ll want to wait for a green arrow to appear together with a dark green Trend Impulse Factor bar.

The confirmation of both indicators will signal that the bullish momentum is here to stay, increasing your chance of success.

Sysco Corporation (NYSE: SYY)

Source: www.sysco.com

1. About the Company

Sysco Corporation operates in the food and beverage industry, providing a huge range of products from fruits and vegetables, dairy products, and fresh meat to disposable cutlery and cleaning supplies.

Being so diverse in the food and beverage industry, Sysco Corporation has grown its market capitalization remarkably to $43b.

Like the share price of Molson Coors Beverage, the share price of Sysco Corporation also took a hit when COVID-19 struck. However, its share price has recovered and gone on to form multiple new all-time highs!

Shall we have a look at the chart of Sysco Corporation (NYSE: SYY)?

2. Position Trading (Daily)

The share price of Sysco Corporation (NYSE:SYY) has recovered well from the crash caused by COVID-19. It has even gone on to form multiple new-all time highs just in the recent two months!

Sadly, the same cannot be said of the S&P 500.

Should you therefore buy SYY now for a position trade?

Please be more patient as we wait for the green arrow to appear alongside a dark green Trend Impulse Factor bar. When both indicators appear, that’s a signal that the bullish momentum is here to stay.

The last time both signals appeared together was in early Apr 2022 where the price of SYY was $84.20.

When both signals appeared, the price of SYY soared by 7.8% in 2 weeks! This is an outstanding result, if you ask me.

Hence, it pays to wait.

Conclusion

Both TAP and SYY are strong stocks which are beating the market. They have recovered from their COVID-19 low and gone on to perform admirably.

However, you can never be too sure. Therefore, it’s advisable to place a stop loss level to protect your trading capital should an unexpected event occur.

Buying stocks without a proper system can be highly risky. This is why TradersGPS (TGPS) was created. The indicators will help you decipher if a stock is a cut above its peers. You won't have to feel in the dark and make wild guesses.

What are your thoughts? Which stock would you buy?

Share your thoughts with us below!

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The post Systematic Trading (May 2022): Molson Coors Beverage & Sysco Corporation appeared first on The Systematic Trader | Trading Courses.