The Trend Catcher | FCFS (Rating 96) Breaks Out, LPLA (Rating 95) Nears Breakout; Medical-Revenue Biotech Leads the Market
UroGen Pharma Ltd. URGN | 0.00 | |
Iovance Biotherapeutics Inc IOVA | 0.00 | |
Maravai Lifesciences Holdings, Inc. Class A MRVI | 0.00 | |
NEURONETICS, INC. STIM | 0.00 | |
Telix Pharmaceuticals Limited Sponsored ADR TLX | 0.00 |
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1. Leader industry as of 5:45 pm
| Name | Price % Chg | Ind Group Rank | Ind Grp Rnk 3 Mo Ago | % Chg YTD | Ind Mkt Val (bil) |
| Medical - Revenue Biotech | 3.82% | 15 | 113 | 22.9% | 294.1 |
| Machinery-Gen Industrial | 3.36% | 122 | 103 | 4.9% | 712 |
| Medical - Development Biotech | 2.82% | 12 | 59 | 39.5% | 508 |
| Telecom - Equipment | 2.67% | 72 | 6 | 104.8% | 170.7 |
| Finance - Crypto/Blockchain | 2.62% | 55 | 39 | 8.7% | 213.7 |
Medical - Revenue Biotech related stocks: UroGen Pharma Ltd.(URGN.US) , Iovance Biotherapeutics Inc(IOVA.US) , Maravai Lifesciences Holdings, Inc. Class A(MRVI.US) , NEURONETICS, INC.(STIM.US) , Telix Pharmaceuticals Limited Sponsored ADR(TLX.US) , Moderna(MRNA.US) , BioNTech(BNTX.US) , Insmed Incorporated(INSM.US) , BridgeBio Pharma(BBIO.US)
Machinery-Gen Industrial related stocks: Parker-Hannifin Corporation(PH.US) , ATLAS COPCO AB(ATLKY.US) , Illinois Tool Works Inc.(ITW.US) , FANUC CORPORATION(FANUY.US) , Ingersoll Rand Inc.(IR.US) , SMC CORP(SMCAY.US) , NN, Inc.(NNBR.US) , Gorman-Rupp Company(GRC.US) , DXP Enterprises, Inc.(DXPE.US) , Sono-Tek Corporation(SOTK.US)
Quick Summary and Outlook
The S&P 500 rose on Tuesday as Treasury yields fell for another day. Chip stocks also moved higher, as traders looked ahead to Nvidia's earnings.
The S&P 500 index(SPX.US) climbed 0.4%, and the NASDAQ(IXIC.US) advanced 0.9%. The Dow Jones Industrial Average(DJI.US) gained 14 points, or 0.03%.
The benchmark US10Y note yield slid to 4.658%. It declined on Monday as well after a report that the Treasury Department could use its $1 trillion General Account to fund bond repurchases.
Investors were also moving into chip stocks as they geared up for NVIDIA Corporation(NVDA.US) earnings on Wednesday after the bell. Shares of Advanced Micro Devices, Inc.(AMD.US) and Micron Technology, Inc.(MU.US) added 3% each, while Intel Corporation(INTC.US) advanced more than 2%. Nvidia was up more than 1%, and the PHLX Sox Semiconductor Sector Ishares(SOXX.US) moved up more than 2%.
2. Breaking Out Today as of 5:45 pm
| Symbol | Comp Rating | Industry Name | Current Price | Price % Chg | Market Cap (mil) |
| FirstCash Holdings, Inc.(FCFS.US) | 96 | Finance-Consumer Loans | 233.98 | -1.04% | 10,259.4 |
3. Near Breakouts as of 5:45 pm
| Symbol | Comp Rating | Industry Name | Current Price | Price % Chg | Market Cap (mil) |
| LPL Financial Holdings Inc.(LPLA.US) | 95 | Finance-Invest Bnk/Bkrs | 360.88 | -0.91% | 28,678.4 |
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Notable Stock Movers as of 5:40 pm
Dick's Sporting Goods, Inc.(DKS.US) shares dipped around 22% on Tuesday after the company reported worse-than-expected second-quarter financial results.
Dick’s Sporting Goods reported quarterly earnings of $3.53 per share which missed the analyst consensus estimate of $3.77 per share. The company reported quarterly sales of $5.587 billion which missed the analyst consensus estimate of $5.650 billion.
XIAO-I Corp.(AIXI.US) shares shot up 239% to $1.55. Xiao-I, last week, announced it will change its ADS ratio from 1‑to‑60 to 1‑to‑420 ordinary shares and disclosed it received a non‑compliance notice from Nasdaq.
Shares of CID HoldCo Inc (Cid Holdco Inc(DAIC.US) ) got a boost, surging 166% to $4.60 after jumping 306% on Monday. DAIC is a distressed microcap facing Nasdaq delisting and loan-default risks, according to company filings made last week.
TNL Mediagene (TNL Mediagene(TNMG.US) ) shares were also up, gaining 78% to $0.71 the company was granted continued Nasdaq listing subject to conditions.
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