Buy DTE Energy And Archer Daniels Midland

Photographer: Michael Nagle/Bloomberg

The stock market is likely to rally through August, correct in September, and rally in the last three months of the year. Here are some recommendations for August.The trading recommendations are derived from an S&P 500 screen that combines seasonal rank and current relative strength.

DTE EnergyDTE
has been the third strongest S&P 500 stock in the month of August, up about 70% of the time over the last 42 years. The stock has been one of the better performers in the 500 in 2022. The stock is likely to rally back to the former high at $140.

DTE Dai
DAI
ly Graph

The higher lows in momentum and strong relative strength are likely to push the share price up.

Cycles Research Investments LLC

DTE Monthly Cycle

August has been a strong month.

Cycles Research Investments LLC

Archer Daniels Midland has entered a seasonally strong period. From August 1^st in any year to January 31^st, the stock has risen almost 80% of the time since 1980. Note that the monthly cycle is rising through August. The shares are likely to rally closer to $100.

ADM Daily Graph

The stock has strong momentum.

Cycles Research Investments LLC

ADM Monthly Cycle

This monthly cycle points to higher prices.

Cycles Research Investments LLC

Source: https://www.forbes.com/sites/greatspeculations/2022/08/01/stocks-this-week-buy-dte-energy-and-archer-daniels-midland/