The Big 3: VZ, DXCM, AMAT

Market Overview - The market is experiencing a mixed message with some rotation observed this week, leading to a down day [2] - Manufacturing data has been strong recently, impacting expectations in the treasury markets, while the Atlanta Fed GDP now forecast came in lower than anticipated [3] - Despite market fluctuations, there is an ongoing rotation, particularly benefiting energy stocks [4] Verizon - Verizon has shown a strong performance year-to-date, up nearly 20%, indicating a potential turnaround after several years of sideways price action [5][6] - The stock has recently broken out of a range following a positive earnings announcement, showing strong momentum [8][9] - A trade example involves buying a 50-52.5 call spread while selling a 47 strike put, allowing for participation in further upside while providing an entry point if the stock tests lower levels [12][13] Dexcom - Dexcom has faced challenges due to the evolution of GLP1 but is now showing signs of breaking out after a period of downside [15][16] - The stock is currently trading around 71.80, with resistance at approximately 75, and potential for a breakout that could lead to a target range of 82-85 [18][21] - A trade example includes buying the stock and selling a June 85 call to capture upside momentum while collecting premium [23] Applied Materials - Applied Materials has increased over 40% this year, benefiting from a strong quarter in the semiconductor sector [24][25] - The stock is maintaining an upward trend, with significant support at 285 and resistance around 375, indicating potential for further gains [27][29] - A trade example involves a call fly strategy to capture a range up to 400, defining risk while allowing for upside participation [31][33]