Breakout Stocks as Profit-Taking Rules

After closing at a new 5-year high on Friday, the S&P 500 is pulling back 0.4% in the opening hours of trading to begin the week. The modest pullback is not a cause of concern is somewhat welcomed by long-term investors looking to build new positions after the recent breakout.

I would be more than okay with a pullback in the S&P 500 to the 1440-1450 area on light to moderate volume. This would offer the market a chance to take a breather and allow investors to buy on the "healthy pullback" that creates a more attractive reward-to-risk setup.

As the market pulls back heading into the lunch time here on the east coast I did scan and find a few stocks that continue to breakout and are in the green to begin the week.

• Rentech Nitrogen Partners ($RNF) - The fertilizer company is breaking out on the charts and pays a hefty 8.4% dividend yield.
• Cerner Corp ($CERN) - Healthcare IT company that is breaking out of a consolidation pattern could see continued growth as the industry improves its IT departments.
• Brookfield Infrastructure Partners ($BIP) -The company that owns/operates infrastructure facilities around the globe and pays a 4.1% dividend yield is hitting new highs. (WE OWN $BIP FOR OUR PORTFOLIO MANAGEMENT CLIENTS.)
• Lennar Corp ($LEN) -The homebuilder is breaking out of a consolidation pattern to a new 5-year high.
• Visa ($V) - A new all-time high for the credit card and payment processing company. One of my favorites in 2013 - but only buy on some weakness.