Homebuilders Lead As Market Sends Mixed Message | Summary and Q&A

TL;DR

The market showed positive gains, with the S&P 500, Dow, and Nasdaq all finishing in positive territory. Audio Codes had a breakout in the enterprise software group, while home builders saw a rebound in existing home sales. Zebra Technologies is setting up nicely in a cup base.

Key Insights

• 🥺 The market showed positive gains, with the S&P 500 leading the way.
• 👥 Audio Codes had a breakout in the enterprise software group, indicating strength in the sector.
• 👪 Home builders, including LGI Homes, saw a strong rebound in existing home sales, suggesting a potential resurgence in the industry.
• 😫 Zebra Technologies is setting up nicely in a cup base, providing a potential opportunity for investors.
• ❓ It is important to consider earnings season and its potential impact on stock moves.
• 🗯️ Buying stocks at the right price is essential for success in the market.
• 😃 Leaderboard has a strong track record with big winners, such as Amazon, Tesla, and Shopify.

Transcript

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Questions & Answers

Q: How did the major indexes perform for the day?

The S&P 500, Dow, and Nasdaq all had positive gains for the day, with the S&P 500 leading the market.

Q: What industries are experiencing breakouts?

Audio Codes had a breakout in the enterprise software group, while home builders, such as LGI Homes, are seeing a rebound in existing home sales.

Q: What is the current status of Zebra Technologies?

Zebra Technologies is setting up nicely in a cup base, and it has earnings coming up on July 28th.

Q: What is the significance of earnings season for stocks?

Earnings season can be a catalyst for stock moves, and it is important to consider options strategies or look for earnings gaps when trading stocks.

Summary & Key Takeaways

• The major indexes, including the S&P 500, Dow, and Nasdaq, all had positive gains for the day.

• Audio Codes had a breakout in the enterprise software group, with a gain of over 10% and heavy volume.

• Home builders, including LGI Homes and Pulte Homes, saw a strong rebound in existing home sales.

• Zebra Technologies is setting up nicely in a cup base, and earnings are coming up on July 28th.