TMT Stock Report #16
Market comes back up to test the bears conviction on valuations. Is it just a pullback or a start of a slowdown of the equity markets advance? Maybe the stocks will tell the story...
So we have the broad equity indices moving higher as the rotation has been taking place over the last few weeks as technology moves into the middle of the pack after that AI-fueled frenzy has cooled to a degree. Let's jump right into this week's report.
- Market Leaders -
ADI - Analog Devices pushed to multimonth highs this past Friday. Closing right in on our pivot area. The stock had an Ex-Dividend date in early June, with the next earnings report in nearly two months—one of my main watches for the rest of the holiday week.
Below my paywall, I highlight another 11 stocks and run through 30 in a candle glance chart format. This is the precise preparation I use for my weekly trading. If you become a premium subscriber, you will get this report weekly on top of a midweek update and current trades from the author.