Coronavirus Numbers Slow, The Stock Market Responds And Breakouts Continue | Summary and Q&A

TL;DR

Major indexes had a strong session, with the Nasdaq up 0.9%, the S&P 500 up 0.5%, and the Dow up 0.4%. Intuitive Surgical, Square, and Koopa Software are providing actionable opportunities.

Key Insights

• 😚 The recent pause in the market and tight closes were a positive sign, allowing for a gap up in the indexes.
• 💪 Intuitive Surgical has stable earnings and revenue, making it a long-term leader with strong potential.
• 👋 Square had a phenomenal run in the past and has now reset its base count, potentially presenting a good opportunity.
• 🤘 Koopa Software pulled back but is now showing signs of recovery, with a strong breakout and a flat base formation.
• 😥 Using both weekly and daily charts is essential for analyzing stocks and finding proper buy points.
• 💹 Fundamental analysis is important, but charts provide valuable insights and help with timing.
• 🥠 Investors can benefit from tuning into IBD Live for in-depth discussions and actionable insights.

Transcript

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Questions & Answers

Q: How did the major indexes perform in this session?

The Nasdaq was up by 0.9%, the S&P 500 by 0.5%, and the Dow by 0.4%.

Q: What factors contributed to the strong performance of Intuitive Surgical?

Despite decelerating sales and earnings, Intuitive Surgical has a stability factor of 3 and continues to generate over a billion in revenue each quarter. Additionally, the increasing use of procedures leads to revenue growth from instrument and accessory sales.

Q: Why is now a good time to consider investing in Square?

After a period of consolidation, Square has reset its base count and is showing signs of a new start. With a prior base low of 50.989 and a new base low of 54.41, it has worn out and scared out investors, making it a potential opportunity.

Q: How has Koopa Software performed in recent times, and why is it worth considering now?

Koopa Software pulled back to the top of its base and the 50-day moving average line, which provided support. While it hasn't reached its all-time high yet, it is forming a flat base and showing positive action.

Summary & Key Takeaways

• The major indexes had a strong session, with the Nasdaq up 0.9%, the S&P 500 up 0.5%, and the Dow up 0.4%.

• Intuitive Surgical is experiencing a quick recovery after a negative reaction to their quarterly earnings report, with stable earnings and revenue growth.

• Square had a phenomenal run in 2017 and 2018, but took a break in 2019. It has now reset its base count and is showing signs of a fresh start.

• Koopa Software pulled back but is now showing positive signs, with strong volume on its breakout and a flat base formation.