Group 1 - TransAlta Corporation (TAC) has reached a key level of support, indicated by a "golden cross" where its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, typically formed when a short-term moving average surpasses a long-term moving average [2] - The successful golden cross event consists of three stages: a price bottom, the crossover of moving averages, and the maintenance of upward momentum [3] Group 2 - Over the past four weeks, TAC's stock has increased by 13.4%, and it currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further breakout [4] - The positive earnings outlook for TAC is supported by no downward revisions in earnings estimates over the past two months, with one revision higher and an increase in the Zacks Consensus Estimate [4] - Investors are encouraged to monitor TAC for potential gains due to its key technical level and favorable earnings estimate revisions [6]

Group 1 - Prime Medicine, Inc. (PRME) has reached an important support level and recently experienced a "golden cross" event, indicating a potential bullish breakout [1][4] - A golden cross occurs when a security's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting stronger breakouts [2] - The golden cross pattern consists of three stages: a downtrend followed by a crossover and then an upward price movement [3] Group 2 - PRME has rallied 40.3% over the past four weeks and currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further gains [4] - The positive earnings outlook for PRME is supported by no earnings estimate cuts and one revision higher in the past 60 days, with the Zacks Consensus Estimate also increasing [4][5] - The combination of earnings estimate revisions and technical indicators suggests that investors should monitor PRME for potential gains in the near future [5]

Technical Analysis - Amgen Inc. (AMGN) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day moving average [1] - A golden cross is a bullish chart pattern indicating a potential breakout, characterized by a short-term moving average crossing above a long-term moving average [1][2] Market Performance - AMGN has moved 7.9% higher over the last four weeks, suggesting a positive trend [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [3] Earnings Expectations - There have been 6 upward revisions in earnings expectations for the current quarter, with no downward revisions in the past 60 days, which supports the bullish sentiment [3] - The Zacks Consensus Estimate for earnings has also increased, further reinforcing the positive outlook for AMGN [3][4] Investment Outlook - With a combination of favorable earnings estimate revisions and a key technical level being hit, AMGN is positioned for potential gains in the near future [4]

Core Viewpoint - AppFolio, Inc. (APPF) is identified as a potential stock pick due to a recent "golden cross" event, indicating a bullish trend from a technical perspective [1][4]. Technical Indicators - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), signaling a bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum [3]. Stock Performance - Over the past four weeks, APPF shares have increased by 13.1%, suggesting positive momentum [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, indicating strong potential for further breakout [4]. Earnings Outlook - The earnings outlook for APPF is positive, with no earnings estimates cut and one revision higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. - Investors are encouraged to consider adding APPF to their watchlist due to the favorable technical indicators and positive earnings revisions [5].

Core Viewpoint - F.N.B. Corporation (FNB) is identified as a potential stock pick due to a recent "golden cross" event and positive earnings outlook, suggesting a bullish trend ahead [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 breakout [2]. - The formation of a golden cross involves three stages: a downtrend followed by a crossover of moving averages, and finally an upward price movement [3]. Stock Performance - FNB shares have increased by 7.8% over the past four weeks, indicating positive momentum [4]. - The company holds a 2 (Buy) rating on the Zacks Rank, reinforcing the bullish outlook for FNB [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with three revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. - The combination of the technical indicator and positive earnings revisions suggests that investors should consider adding FNB to their watchlist [5].

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]