Are Zscaler, Flowserve, and Expedia Strong Stock Picks Now?

TL;DR

Zscaler, Flowserve, and Expedia have shown notable strength in the current market, particularly in the cybersecurity and industrial sectors. Despite some fluctuations, small-cap stocks led the gains, indicating robust overall market health. Early entries into these stocks could present opportunities as they demonstrate potential for growth.

Transcript

thank you thank you good afternoon everyone it's Ali Corman Justin Nielsen here with a look at the action in today's session Monday July 10th where we saw some buying action coming in right at the close and green across the board for the major indexes and Justin some strength underneath the surface today yeah you wouldn't have known it um as we wer... Read More

Key Insights

• 👲 Small caps outperformed in today's session, indicating strength in the overall market.
• 🫰 The performance of equal-weighted indexes showed breadth in the market.
• 💻 The computer software security and industrial machinery sectors exhibited notable strength.
• ❓ The 10-year Treasury yield's breakout last week may impact the performance of growth stocks.
• 💪 Zscaler and Flowserve showed strong moves and potential trade opportunities.
• 🍳 Expedia, while not conclusively breaking out, displayed strength in the travel and vacation sector.
• 🪚 Early entries into stocks like Expedia and Zscaler could provide opportunities for investors.

Questions & Answers

Q: What was the overall performance of major indexes in today's session?

NASDAQ closed up two tenths of a percent, S&P 500 up almost a quarter of a percent, and Dow up six tenths of a percent, with small caps leading.

Q: Were there indications of breadth in the market?

Yes, the equal weights of NASDAQ 100 and S&P 500 showed a favorable ratio of advancers to decliners.

Q: Which stocks in the technology sector performed well?

While some heavyweight tech stocks like Microsoft and Apple underperformed, stocks like Zscaler, CrowdStrike, and Palo Alto Networks showed strength in the cybersecurity software group.

Q: How did the industrial machinery sector perform?

Stocks in the industrial machinery sector, such as Flowserve, performed well, with Flowserve breaking out of a cup with handle pattern.

Summary & Key Takeaways

• Major indexes, including NASDAQ, S&P 500, and Dow, closed with gains, with small caps leading the way.

• The equal weights of NASDAQ 100 and S&P 500 showed strong evidence of breadth, with more advancers than decliners.

• Stocks in the computer software security and industrial machinery sectors, such as Zscaler and Flowserve, experienced notable strength.