Core Viewpoint - CryoPort, Inc. (CYRX) has reached a significant support level and shows potential for investors from a technical perspective due to a "golden cross" formation in its moving averages [1] Technical Analysis - CYRX's 50-day simple moving average has recently broken above its 200-day moving average, indicating a bullish breakout potential [1] - A golden cross consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer one, and continued upward momentum [2] Performance Metrics - Over the past four weeks, CYRX has gained 9.5%, suggesting positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating it could be poised for a breakout [3] Earnings Outlook - There have been no earnings estimate cuts for the current quarter, with 0 revisions lower and 0 revisions higher in the past 60 days, indicating a stable earnings outlook [3] - The Zacks Consensus Estimate for CYRX has also increased, further solidifying the bullish case [3][4] Investment Consideration - The combination of positive earnings estimate revisions and the technical breakout suggests that investors should monitor CYRX for potential gains in the near future [4]

Market Movements - US stock index futures are all up ahead of the market opening, with Dow futures rising by 0.44%, S&P 500 futures by 0.35%, and Nasdaq futures by 0.15% [1] - European indices also show positive movements, with Germany's DAX up 0.59%, UK's FTSE 100 up 0.47%, France's CAC40 up 0.99%, and the Euro Stoxx 50 up 0.88% [2][3] Oil Prices - WTI crude oil has decreased by 0.61%, trading at $64.91 per barrel, while Brent crude oil has fallen by 0.66%, trading at $68.14 per barrel [3][4] Economic Predictions - Morgan Stanley predicts that the Federal Reserve will not lower interest rates until March 2026, maintaining the current target rate of 4.25%-4.50% due to rising inflation and a weaker job market [5] - Goldman Sachs warns that the US benchmark tariff rate may rise to 15%, potentially increasing inflation to 3.3% [6] Meme Stocks - Barclays has raised concerns about the resurgence of meme stocks, indicating that the market sentiment is excessively high, with stocks like Kohl's and Opendoor seeing significant price increases [7] Small-Cap Stocks - The Russell 2000 index is approaching a "golden cross," indicating a potential upward trend for small-cap stocks, which have outperformed larger indices recently [8][9] Individual Company News - Tesla's new car registrations in California have declined for the seventh consecutive quarter, with a 21% drop in Q2 and a 37% drop for the Model Y [10] - Texas Instruments reported a 16% year-over-year revenue increase to $4.45 billion, but expressed uncertainty about the impact of tariffs on future sales [11] - SAP's Q2 revenue was €9.027 billion, slightly below expectations, with cloud revenue growth slowing [12] - AT&T's Q2 revenue exceeded expectations at $30.85 billion, but its full-year earnings guidance fell short [13] - Nokia has lowered its profit guidance for the year due to the impact of tariffs and a weakening dollar [14] - Starbucks is introducing free study rooms in select locations in China to combat increasing competition [15]

Core Viewpoint - The market is experiencing a style shift with small-cap and cyclical stocks gaining momentum, driven by technical breakthroughs, improved market risk appetite, and capital withdrawal from popular AI trades [1][5]. Group 1: Small-Cap Stocks - Since July, small-cap stocks have outperformed larger indices, with the Russell 2000 index rising approximately 3.5%, surpassing the S&P 500 (+1.7%) and Dow Jones Industrial Average (+0.9%) [1]. - The Russell 2000 index is approaching a "golden cross," a technical indicator suggesting a new upward trend, marking its first occurrence since January 2, 2024 [1]. - Historical data indicates that a golden cross typically signals a bullish trend for small-cap stocks over the next 3 months, 6 months, and up to 1 year [3][4]. Group 2: Market Sentiment and Economic Factors - Despite positive technical signals, the fundamental outlook for small-cap stocks remains fragile, leading to skepticism about the sustainability of the current rally [5]. - Analysts suggest that large-cap stocks are better positioned to withstand economic pressures such as inflation and tariffs, which may limit the potential for small-cap stock gains [6]. - Year-to-date, the Russell 2000 has only gained less than 1%, significantly lagging behind the S&P 500's 7.3% and Nasdaq's 8.2% [6]. Group 3: Cyclical Stocks - Alongside small-cap stocks, cyclical stocks are also seeing increased investment as funds shift from overvalued large-cap tech stocks to economically sensitive sectors like materials, industrials, and consumer discretionary [7]. - The materials sector has risen 3.9%, consumer discretionary by 3.7%, and industrials by 2.3% since July, all outperforming the broader market [8]. - The performance of cyclical stocks is attributed to resilient consumer and business sentiment, with demand remaining stable in many areas [8].

Core Viewpoint - Oric Pharmaceuticals, Inc. (ORIC) is showing potential for a bullish breakout as it has reached a key support level and experienced a "golden cross" in its moving averages [1][4]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), indicating a potential bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, a crossover of moving averages, and subsequent upward momentum in stock prices [3]. Performance Metrics - Over the past four weeks, ORIC's stock has increased by 15.3% [4]. - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting strong bullish sentiment [4]. - Earnings expectations have improved, with two upward revisions in estimates for the current quarter and no downward revisions, indicating positive investor sentiment [4]. Investment Outlook - The combination of favorable earnings estimate revisions and the technical "golden cross" suggests that investors should monitor ORIC for potential further gains [5].

Group 1 - Artisan Partners Asset Management Inc. (APAM) has recently experienced a "golden cross" event, indicating a potential bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - The stock has shown an upward movement of 8.9% over the past four weeks, suggesting positive momentum [4] - APAM is currently rated 1 (Strong Buy) on the Zacks Rank, indicating strong investor confidence and potential for further gains [4] Group 2 - The golden cross pattern consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer moving average, and continued upward momentum [3] - Recent changes in earnings estimates for APAM have been positive, with one upward revision and no downward changes in the last 60 days, further supporting the bullish outlook [4][5] - The Zacks Consensus Estimate for APAM has also moved higher, reinforcing the positive sentiment among investors [4]

Core Viewpoint - Hancock Whitney Corporation (HWC) is identified as a potential stock pick due to a recent "golden cross" event, indicating a bullish trend from a technical perspective [1]. Technical Analysis - A "golden cross" occurs when a short-term moving average, typically the 50-day, crosses above a long-term moving average, such as the 200-day, suggesting a potential bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. - The golden cross is contrasted with a "death cross," which indicates potential bearish momentum [3]. Performance Metrics - HWC has seen an 11.8% increase in stock price over the past four weeks, indicating positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be positioned for further breakout [4]. Earnings Outlook - HWC's earnings outlook is positive, with three upward revisions in earnings estimates over the past 60 days, compared to no downward revisions [4]. - The Zacks Consensus Estimate for HWC has also increased, reinforcing the bullish sentiment around the stock [4][5].

Core Viewpoint - The S&P 500 index has formed a "golden cross" as its 50-day moving average has crossed above the 200-day moving average, indicating a potential bullish trend in the market [1]. Market Performance - Historical data shows that after a golden cross, the S&P 500 has an average return of 10% over the following year, with a 71% probability of an increase [5]. - The average performance of the S&P 500 one week, one month, three months, and six months after a golden cross is as follows: -0.3%, 0.4%, 2.7%, and 4.69% respectively, with a median of 0.1%, 1.1%, 3.6%, and 5.59% [4]. - In the last 20 occurrences of a golden cross, the average increase was 13%, with an 85% probability of a rise [4]. Market Sentiment - Analysts view the golden cross as a healthy market signal, suggesting strong market participation and breadth, which may lead to a robust second half of the year [7]. - The recent golden cross is seen as a significant milestone, marking a strong recovery from previous lows, with the S&P 500 recently achieving record closing levels [6][8]. Sector Performance - The Nasdaq index, which is heavily weighted towards technology stocks, also triggered a golden cross, indicating a positive trend in tech stocks, including AI leader Nvidia [8]. - Small-cap stocks have shown strength recently, further confirming the improving breadth of the market [8].

Core Viewpoint - The S&P 500 index has experienced its first "golden cross" in over two years, signaling a potentially bullish market trend as short-term momentum surpasses long-term trends [1][2]. Technical Indicators - A golden cross occurs when the 50-day moving average crosses above the 200-day moving average, indicating strengthening market momentum [2]. - The last occurrence of a golden cross for the S&P 500 was on February 2, 2023, marking the early stages of the current bull market, during which the index has risen over 48% [2]. Market Performance - Following the "liberation day" tariffs in April, the U.S. stock market has shown a gradual rebound, with multiple bullish technical signals emerging [2]. - The S&P 500 recently achieved its first historical closing high since February, setting a record for the fastest recovery from a 15%+ pullback [2]. Historical Data - Historical data from Dow Jones indicates that after a golden cross, the S&P 500 has a greater than 71% probability of rising over the next year, with an average gain of over 10% [2]. - In the last 20 occurrences of a golden cross, the average gain increased to over 13%, with an 85% success rate [2]. Broader Market Trends - Other market indices, including the Nasdaq Composite, have also recently achieved golden crosses, indicating a broader market trend [4]. - Small-cap stocks have begun to show increased activity, contributing to a more widespread market rebound [4]. Analyst Insights - Analysts view the golden cross as a reliable buying opportunity, with historical evidence suggesting its signals are more dependable than those of a death cross [3][4]. - Piper Sandler's chief market technician anticipates the S&P 500 could reach 6,600 points by the end of 2025 [4].

Technical Analysis - Analog Devices, Inc. (ADI) has recently experienced a "golden cross" event, indicating a potential bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross typically suggests a trend reversal from a downtrend to an upward trend, with three key stages: a downtrend, the crossover of moving averages, and a subsequent upward price movement [3] Performance Metrics - Over the past four weeks, ADI's stock has gained 10.5%, suggesting positive momentum [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [4] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with 12 revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4] - The positive movement in earnings estimates, combined with the technical factors, positions ADI favorably for potential future gains [5]

Technical Analysis - OneSpaWorld Holdings Limited (OSW) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - A golden cross occurs when a stock's short-term moving average (50-day) breaks above its long-term moving average (200-day), indicating a potential bullish breakout [2] - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3] Stock Performance - OSW shares have increased by 8% over the past four weeks, indicating positive momentum [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for a breakout [4] - Positive earnings outlook for the current quarter is supported by three upward revisions in earnings estimates, with no estimates decreasing in the past two months [4] Investment Consideration - Given the positive technical indicators and the upward movement in earnings estimates, OSW may present a favorable investment opportunity for potential gains in the near future [6]