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IPO Stock Of The Week: Amer Sports In Buy Zone Following Strong Breakout
Investors· 2025-12-12 20:16
Company Insights - Amer Sports, a recent IPO, has broken out and is currently holding in its latest buy zone despite a pullback, making it the Stock of the Week from Investor's Business Daily's IPO Leaders screen [6] - The company owns approximately 10 brands of sports equipment and apparel, including Wilson and Salomon ski gear [6] - Amer Sports has seen a remarkable profit surge of 136% in the last quarter, and its Relative Strength (RS) rating has risen to 81, indicating strong performance in its industry [11] Market Trends - The Dow Jones Industrial Average experienced a significant rally, gaining nearly 650 points and reaching record highs, indicating a broadening uptrend in the market [7] - GE Vernova and TSMC are noted to be in or near buy zones, suggesting potential investment opportunities in these companies [6] Regulatory Impact - Reports indicate that Donald Trump is expected to issue an executive order that would loosen federal restrictions on marijuana, which has positively impacted marijuana stocks [8]