IBD Screen Of The Day: Which Stocks Are Funds Buying In A Volatile Stock Market?

One way to play a volatile stock market is to have a look at which stocks the most successful funds and ETFs are buying. IBD’s Stock Screener provides a quick and easy way to do that — just use the IBD Screen Of the Day: “Stocks That Funds Are Buying.”


To find the stock screening tool, go to the “research” pull down option in the menu that runs across the top of the homepage. On the left hand side of that list you will see “IBD Stock Screener.” After clicking through to that “Stock Screener” page, there are three pull-down menus across the stop of the page. Under the first of those, the “IBD Stock Lists” option, you will find the “Stocks That Funds Are Buying” item.

Sorting that current list by IBD Composite Rating puts China’s fast-growing online broker Futu Holdings (FUTU) at the top of the lineup. Futu has been wild, even against the volatile stock market.

But Futu has also pulled off an advance of as much as 346% since the start of the year. This follows a 343% gain in 2020. A big dive on Tuesday sent shares below their 50-day line and 10-week moving average.

The move may set the stage for a handle to form. But the stock remains in a valid seven-week cup base with a current buy point sitting at 204.35.

Playing Smart Plays In A Volatile Stock Market

Grocery chain Albertsons (ACI) has been heading the other direction, ahead of its fiscal fourth quarter earnings due out next Monday. The stock holds an 85 Composite Rating. It broke out Monday above a 20.15 buy point in a 12-week cup-with-handle base. The 5% buy range runs to 21.16.

Polar Asset Management Partners, the Government Pension Fund of Norway and Olympus Peak Asset Management all established positions of more than 1.4 million shares during the first quarter.

Ore miner Rio Tinto (RIO) is also high on the list, showing a 99 IBD Composite Rating and working on the ninth week of a cup base.

If no handle forms, Rio’s current cup offers an 88.83 entry.

Like other U.K.-based miners, Rio reports results a half year at a time. Its most recent report showed earnings growth climbing 43% and revenue up 13% in last year’s third and fourth quarters. That’s its best combined top and bottom-line performance in more than three years. (The company also gave a Q1 operation update on Monday.)

American Funds Washington Mutual Investors Fund (AWSHX) established a 3.99 million share position during the first quarter. Fidelity Puritan Fund (FPURX), Hartford Balanced Income (HBLAX) and Invesco Capital Appreciation Fund (OPTFX) were also big buyers.

In Demand: Celsius, Arbor Trust

Fitness energy drink brand Celsius Holdings (CELH) holds a Composite Rating of 88. The stock retook support as it bounced 35% off a late March low and up the right side of a seven-week cup. However, shares dove narrowly back below support at their 10-week moving average on Tuesday, but appeared to find support at their 21-day exponential moving average.

As with Futu, this price action could provide the first step in a handle-building process. For now, in the current volatile market, the base’s operable buy point sits at 70.60.

A real estate investment trust that screens high on the list is Arbor Trust (ABR). A specialist in bridge loans for commercial property buyers, Arbor is eight weeks into what IBD MarketSmith analysis plots as a flat base with a buy point at 17.29.

Shares traded about 7% below that buy point on Tuesday.

In addition, they were also testing support in the volatile stock market and ahead of the company’s first-quarter report on May 7.

BlackRock Advantage Small Cap Growth Fund (CSGEX) and Allianz Global Dividend Fund were among the heaviest buyers among top funds in Q1.

Find Alan R. Elliott on Twitter @IBD_Aelliott


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