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Week of July 23rd
Hereβs this weekβs selection of major alerts and trade ideas compiled by the Uptrends.ai news sentiment model:
1. Horton Inc (DHI)
Summary: Horton Inc (DHI) has a strong financial position, robust liquidity, and a disciplined capital allocation strategy, making it well-positioned for future growth. DHI reported $35.5 billion in revenues in fiscal 2023, with a return on equity (ROE) of 21.5% and a homebuilding return on inventory (ROI) of 29.5% for the trailing twelve months. DHI also repurchased shares, paid dividends, and expects consolidated revenues in the range of $36.8-$37.2 billion.
ποΈ Alert Date: July 18th
π’ Alert Sentiment: Bullish
π¨ 7D Alert Price Change: +14% β²
2. Charles Schwab (SCHW)
Summary: SCHW is expected to underperform the market in the near future, despite having surpassed consensus EPS estimates three times in the last four quarters. The company's decision to shrink its banking business to protect its economics has raised concerns among investors. Despite beating analyst forecasts for the second quarter, SCHW stock tumbled 8.8%.
ποΈ Alert Date: July 16th
π΄ Alert Sentiment: Bearish
π¨ 7D Alert Price Change: -17% βΌ
3. Crowdstrike (CRWD)
Summary: Crowdstrike Holdings (CRWD) shares are down over 14% due to a global IT outage caused by an update that crashed Microsoft products. Despite the incident, Wedbush maintains a positive long-term outlook on CrowdStrike and the cybersecurity sector. The outage was not due to a hack, and CrowdStrike has identified and deployed a fix to address the issue.
ποΈ Alert Date: July 19th
π‘ Alert Sentiment: Neutral
π¨ 7D Alert Price Change: -16% βΌ
4. Cintas (CTAS)
Summary: CTAS stock has advanced more than 25% in 2024 and is extended above an official 704.84 buy point from a flat-base pattern. Cintas reported Q4 GAAP EPS of $3.99, beating estimates by $0.19, with revenue of $2.47 billion. In fiscal 2024, CTAS generated net cash of $2.1 billion from operating activities, up 32.8% from the year-ago period.
ποΈ Alert Date: June 18th
π’ Alert Sentiment: Bullish
π¨ 7D Alert Price Change: +7% β²
5. ASML (ASML)
Summary: ASML shares dropped sharply despite strong earnings and a rise in orders, with concerns over US trade restrictions overshadowing positive results. The company's heavy sales to China make it a target of proposed US curbs, impacting its future growth prospects. ASML's surging sales to China accounted for nearly half of its revenue in the second quarter, revealing the limited impact of US export restrictions so far.
ποΈ Alert Date: June 18th
π΄ Alert Sentiment: Bearish
π¨ 7D Alert Price Change: -15% βΌ
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