BROOKFIELD CORP (NYSE:BN) – A Strong Contender for Growth Investors Following Minervini’s Strategy

BROOKFIELD CORP (NYSE:BN) has been identified by our stock screener as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company demonstrates strong technical trends and solid fundamental growth, making it an interesting candidate for investors seeking high-growth opportunities.

Why BN Fits the Minervini Trend Template

Minervini’s Trend Template focuses on stocks exhibiting strong uptrends with key technical confirmations. BN meets these criteria:

• Price Above Key Moving Averages: The stock is trading at $61.60, well above its 50-day ($56.90), 150-day ($56.58), and 200-day ($55.85) moving averages.
• Upward-Trending Averages: Both the 150-day and 200-day moving averages are rising, confirming long-term strength.
• Relative Strength: BN’s relative strength score of 89.93 indicates it outperforms nearly 90% of the market.
• Price Near 52-Week High: The stock is within 2% of its 52-week high ($62.78), a sign of strong momentum.
• Positive Trends: The short-term and long-term trends are both positive, reinforcing the bullish case.

High Growth Momentum Fundamentals

Beyond technical strength, BN exhibits strong growth characteristics:

• Earnings Growth: EPS growth over the past year (TTM) stands at 35.7%, with recent quarterly growth at 27.3%.
• Revenue Expansion: While TTM revenue growth shows a decline, recent quarterly sales surged by 1,284.6%, indicating a potential inflection point.
• Profit Margins: The latest quarter shows a profit margin of 18.4%, with historical stability in profitability.
• Analyst Revisions: Revenue estimates for next year have been revised upward by 2.07%, signaling optimism.

Technical Outlook

According to ChartMill’s technical report, BN scores a perfect 10 on technical health but has a setup rating of 4, suggesting current volatility may require patience for an optimal entry. Key support levels are found at $61.51 and $58.77-$60.35, while resistance sits near $61.61-$62.06.

For a deeper analysis, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

This is not investment advice. The observations are based on current data, but investors should conduct their own research before making decisions.