Hello Elite Traders!
This is a big week for earnings with Target and Palo Alto coming up as well as recent news
about the market.
Following a shaky past couple of weeks, we had some great news last week as it’s reported
that shoppers are driving the economy up. Retail sales have risen by 1%, led by grocery,
electronics, and appliance stores with Ulta Beauty being the most notable. Related sectors saw
a powerful recovery that is strengthening consumers’ hope for the future of our economy.
Ulta Beauty (ULTA) – Up 11.2% after Berkshire Hathaway reveals their ownership stake.
Walmart (WMT) – Up 6.6% for higher-than-expected profit report.
S&P 500 (ES) – Up 88 points, or 1.6%, for its fourth-best day of the year and its sixth straight
gain. Back within 2.2% of its all-time high, set in July 2024.
Dow Jones (YM) – Up 554 points
Nasdaq (NQ) – Up 401 points
Great news for Japan as they’re seeing a slight recovery with their overall economy up .8%. This
is fantastic as it’s bringing hope following the harsh past couple of weeks. Overall, it’s been a
It was a pretty hectic couple of months but we’re starting to see great progress as we head back up.
On the topic of companies smashing expectations, let’s review some upcoming earnings
reports happening this week.
- Palo Alto Networks (PANW) Monday, 8/19
- Futu Holdings (FUTU) Tuesday, 8/20
- Zoom Video (ZM) Wednesday, 8/21
- Target (TGT) Wednesday, 8/21
- Baidu Inc. (BIDU) Thursday, 8/22
With the upcoming reports, it’s a great time to mention that Evaluation Service Providers rarely
allow swing trading. Luckily, our Diamond Hands account is the perfect match if you’re a trader
who likes or wants to trade after-hour market volatility. You can hold your positions overnight
and through the weekend, so take ample advantage and capitalize on earnings season with
the Diamond Hands account.
That wraps it up for this week’s Elite Market Alert. Make sure to stay on top of your game by
subscribing to our blog and social media accounts, there is something special coming very
soon!
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