Hello and welcome to another issue of 🕵 The Seeker 🕵
"The seeker is the one who is never satisfied with what he knows, who is always asking questions, who is always seeking new answers and new insights." - Deepak Chopra
Let’s start with some of the bigger moves that happened yesterday
The technology-enabled Japanese cuisine company Kura Sushi KRUS 0.00%↑ had a fantastic day, going up by more than 27%, crossing both the 50 and 200-day moving averages.
The software developer Ebix EBIX 0.00%↑ also had a good day closing at a 22% gain. The company witnessed a crushing 3-day streak, and it is up more than 50% since last Thursday.
And for a second day in a row, TG Therapeutics TGTX 0.00%↑ is again up more than 15% from the previous day close and currently sitting way above the 50 and 200-day moving average. I think it is definitely a company to watch in the following days.
The networking and communication equipment specialist ADTRAN Holdings ADTN 0.00%↑ opened with a big gap to the downside and closed the day at -23.8%. They are reporting earnings next week, so maybe something is happening behind the scenes, but who knows?
Sector Performance
Almost all the sectors, closed in green yesterday, only Communication Services and Information Technology finishing up in red.
Earnings reports from yesterday
CarMax KMX 0.00%↑ reported earnings yesterday beatings the estimated EPS (0.196 eps) by 125% with a 0.44 earnings per share this quarter. The price opened with more than a 5% gap to the upside and closed at +9.64%.
Upcoming Earnings
The Washington Federal WAFD 0.00%↑ is reporting earnings today. The estimates are for 1.07 EPS and 200.2M in revenue for the quarter.
Options Market for the big Indices
SP500 - with a Put/Call ratio of 0.92
NASDAQ - with a Put/Call ratio of 0.99
Dow Jones - with a Put/Call ratio of 1.83
Analyst Upgrades/Downgrades
UBS downgraded HBAN 0.00%↑ to Neutral from Buy
OTR Global upgraded Starbucks Corp. SBUX 0.00%↑ to a Positive outlook
Western Union WU 0.00%↑ upgraded to Neutral from Sell
Welltower WELL 0.00%↑ upgraded to Outperform by Evercore ISI Group
Economic Calendar
Big day today as CPI and Inflation are set for 8:30 AM EST, the news is usually followed by big moves, so make sure you are on the screen watching.
The Estimated CPI (YoY) is 5.2% while the Month over Month is forecasted at 0.2%
That’s all for today’s edition.
If you want to stay informed about everything that happened in the market, and have that information edge at any time, make sure to subscribe.
😎 Cheers! 😎
Disclaimer: Please note that the information provided in this article is for general informational purposes only and does not constitute financial, legal, or professional advice. The information provided should not be relied upon as a substitute for financial, legal, or professional advice. Before making any decision, it is important to consider all relevant information and consult with a professional who can provide personalized advice based on your specific circumstances. The author and publisher of this article cannot be held liable for any actions taken based on the information provided. This is not a recommendation to buy or sell any specific securities or financial instruments.