Dow Jones Holds Strong Despite Cisco Sell-Off

TL;DR

Despite a quiet day in the stock market, the major indexes held their highs. Target, Burlington Stores, and EEP AM Systems showed positive performance.

Transcript

good afternoon from Los Angeles and welcome to stock market today sponsored by Interactive Brokers on today's show we're going to be taking a look at the charts of target Burlington stores and EEP am systems but first let's take a look at those major indexes and of course it's Alisa chorim here I'm joined today by Ken Shrieve and Ken it was a prett... Read More

Key Insights

• 🤭 The stock market had a quiet day, finishing mostly flat, but still holding near its highs.
• 💪 Target's stock is performing well ahead of its quarterly report, with strong earnings and same-store sales.
• 🥳 Burlington Stores is showing positive performance, trading near its 50-day moving average and holding in a base pattern.
• 🉐 EEP AM Systems is experiencing a breakout, gaining over 3% and attracting institutional buying.
• ❓ Overall, the stock market remains optimistic, with reasons to believe in the current uptrend and opportunities in individual stocks.
• ❓ Investors should pay attention to upcoming retail earnings reports for potential market moves.
• 👀 Applied Materials and Nvidia are worth watching after their quarterly reports, as both stocks have shown favorable price action.

Questions & Answers

Q: Why did Target's stock gain over 2% today?

Target's stock gained due to better-than-expected earnings and solid same-store sales performance. The company has been successful with its investments in digital and new initiatives, leading to a positive market response.

Q: How should investors handle Target's stock if they missed the big move up on the last quarterly earnings report?

Investors can consider a call option trade for Target's upcoming earnings report. Alternatively, they can wait and observe how the stock responds to earnings before making a decision to buy.

Q: What can be expected from Burlington Stores' upcoming quarterly earnings report?

Burlington Stores is holding in a base pattern, about three percent below its potential buy point. Investors can anticipate a similar story to Target's earnings report, with good prospects for the company's performance.

Q: Why did EEP AM Systems gain over 3% today?

EEP AM Systems showed recent price gains and above-average volume, indicating some institutional buying. This suggests that the stock is in the early stages of a breakout, making it an attractive option for investors.

Summary & Key Takeaways

• Target's shares gained over 2% and are trading near their 50-day moving average ahead of its upcoming quarterly report, following strong earnings and solid same-store sales performance.

• Burlington Stores is showing a nice bounce off its 50-day moving average and is holding in a base pattern, about three percent below its potential buy point.

• EEP AM Systems gained over 3% and is well into a buy zone following recent price gains and above-average volume, indicating institutional buying.