Market Momentum: 3 Stocks Poised for Major Breakouts

Core Insights - The broader market has rebounded following a sharp correction in November, with the S&P 500 now just 1% below its all-time high, as investors anticipate a likely 25 bps rate cut by the Fed [3] Group 1: Market Conditions - Rising momentum and improving sentiment are creating favorable conditions for breakout setups in the market [7] - The S&P 500 is positioned for potential upside as it approaches year-end [3] Group 2: Company Highlights - GE Vernova Inc. (NYSE: GEV) has shown remarkable performance, rallying 90% year-to-date, and recently broke through a critical resistance level of $675 after announcing a dividend doubling, raised full-year guidance, and expanded stock buyback authorization [4][5] - Institutional flows indicate strong confidence in GEV, with $23.5 billion in inflows compared to $16.8 billion in outflows over the past 12 months [6] Group 3: Potential Breakout Candidates - GE Vernova, Tesla, and TeraWulf are identified as potential near-term breakout candidates, each trading just below major resistance levels and supported by strong technical structures [7]