Technical Analysis - Origin Bancorp, Inc. (OBK) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - OBK's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal [1] Golden Cross Characteristics - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and a subsequent upward price movement [2] - This pattern is contrasted with a "death cross," which indicates potential bearish momentum [2] Performance and Outlook - OBK shares have increased by 6.3% over the past four weeks, suggesting positive momentum [3] - The company holds a 2 (Buy) rating on the Zacks Rank, indicating a strong potential for a breakout [3] - The earnings outlook for OBK is positive, with no earnings estimates cut and one revision higher in the past 60 days, along with an increase in the Zacks Consensus Estimate [3] Investment Consideration - Given the technical indicators and positive earnings estimates, OBK should be considered for an investment watchlist [4]

Core Viewpoint - Amazon.com Inc. has shown a bullish technical signal with the completion of a Golden Cross, coinciding with the start of its 2025 Prime Day shopping event, indicating potential upward momentum for the stock [1][2]. Group 1: Technical Indicators - The stock is currently trading at $219.36, above its 50-day simple moving average of $206.38 and its 200-day average of $206.02, signaling bullish momentum [3]. - The Moving Average Convergence Divergence (MACD) indicator is at 4.3, suggesting upward momentum [3]. - The Relative Strength Index (RSI) is at 57.89, indicating the stock is near neutral and has room for further upward movement [3]. Group 2: Prime Day Impact - Prime Day, running for 96 hours across 35 categories, historically boosts Amazon's e-commerce activity and enhances advertising and third-party seller revenues, often lifting the stock in the short term [2]. - The current bullish technical setup during Prime Day adds to the potential for stock price increases [2]. Group 3: Cautionary Signals - The 8-day simple moving average is at $220.80, slightly above the current price, indicating some near-term selling pressure and a moderate risk of bearish reversal [4]. - Investors are advised to watch for confirmation via volume and follow-through before making investment decisions, as the stock faces mild near-term resistance [5].

Group 1 - East West Bancorp, Inc. (EWBC) has reached a key level of support, indicated by a "golden cross" where the 50-day simple moving average has crossed above the 200-day simple moving average [1][2] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, typically involving a short-term moving average crossing above a longer-term moving average [2][3] - EWBC has experienced a 13.6% increase over the last four weeks, indicating strong upward momentum [4] Group 2 - The company has a positive earnings outlook for the current quarter, with two upward revisions in earnings estimates over the past 60 days [4] - The Zacks Consensus Estimate for EWBC has also increased, reinforcing the bullish sentiment around the stock [4][5] - Investors are encouraged to monitor EWBC for potential gains due to the combination of technical indicators and positive earnings revisions [5]

Core Viewpoint - Korn/Ferry International (KFY) has reached a significant support level and is considered a potential investment opportunity due to a recent "golden cross" technical pattern, indicating a bullish breakout [1]. Technical Analysis - KFY's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal in technical analysis [1]. - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2]. Performance Metrics - Over the past four weeks, KFY has gained 5.2%, indicating positive price movement [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be poised for further breakout [3]. - There has been one upward earnings estimate revision for KFY in the past 60 days, with no downward revisions, and the Zacks Consensus Estimate has also increased [3]. Investment Outlook - The combination of positive earnings estimate revisions and the technical breakout suggests that KFY could see more gains in the near future, making it a stock to watch for investors [4].

Core Viewpoint - Amazon.com Inc. is experiencing a decline in sales during Prime Day, with a reported 14% drop compared to the previous year, raising concerns about future momentum despite its strong market capitalization of $2.3 trillion [1][4][7]. Group 1: Prime Day Performance - Prime Day is a significant event for Amazon, typically boosting revenue and brand awareness, but this year’s early sales figures indicate a 14% decrease compared to last year [2][4]. - The initial hours of Prime Day are crucial for gauging overall performance, and the current contraction in order volume has led to market skepticism about a potential recovery [5][6]. Group 2: Market Conditions and Pricing - The decline in sales is attributed to elevated prices due to ongoing tariff negotiations, which have affected the discounts that customers expect during Prime Day [7][6]. - The industry-wide pricing issues rather than company-specific problems provide a basis for potential recovery in Amazon's sales [7][6]. Group 3: Technical Analysis and Stock Forecast - Amazon's stock has recently formed a golden cross, a bullish technical indicator suggesting potential upward momentum in the near term [9][12]. - The current stock price forecast indicates an 11.75% upside potential, with a target price of $246.41, reflecting optimism among analysts despite recent sales declines [10][11]. Group 4: Analyst Sentiment - Despite the disappointing Prime Day results, some analysts maintain a positive outlook, with a Buy rating and a valuation of $250 per share, suggesting a potential upside of 14% from current levels [13][14]. - The short interest balance for Amazon stock has decreased from $18 billion to $13 billion, indicating a shift in sentiment among bearish investors, which could support bullish momentum [15].

Group 1 - Bank OZK (OZK) has reached a key level of support and experienced a "golden cross" where its 50-day simple moving average crossed above its 200-day simple moving average, indicating a potential bullish breakout [1] - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and continued upward momentum in stock prices [2] - OZK has rallied 9.6% over the past four weeks and currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for a breakout [3] Group 2 - The positive earnings outlook for OZK is supported by one upward revision in earnings estimates over the past 60 days, with no downward revisions, leading to an increase in the Zacks Consensus Estimate [3] - Investors are encouraged to consider adding OZK to their watchlist due to the significant technical indicator and the positive movement in earnings estimates [4]

Core Viewpoint - MSC Industrial Direct Company, Inc. (MSM) is showing potential as a good stock pick due to a recent "golden cross" event and positive earnings outlook, indicating a possible bullish breakout [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), suggesting a potential bullish trend [2]. - The golden cross pattern consists of three stages: a downtrend followed by a crossover, and then an upward price movement [3]. Performance Metrics - MSM has experienced an 11.8% rally over the past four weeks, indicating strong momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, further supporting the bullish outlook [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with four upward revisions in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. - The combination of positive earnings revisions and technical indicators suggests MSM may continue to see gains in the near future [5].

Core Viewpoint - 1st Source Corporation (SRCE) has reached a significant support level, indicating a potential bullish breakout due to a "golden cross" formation in its moving averages [1] Technical Analysis - SRCE's 50-day simple moving average has recently crossed above its 200-day moving average, a pattern known as a "golden cross," which is typically seen as a bullish signal [1] - The golden cross pattern consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average over the longer one, and an upward price movement [2] Performance Metrics - Over the past four weeks, SRCE shares have increased by 9.6%, suggesting positive momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating strong potential for further gains [3] Earnings Expectations - Recent earnings expectations for SRCE show one upward revision with no downward changes in the last 60 days, contributing to a more bullish outlook [3] - The Zacks Consensus Estimate for SRCE has also increased, reinforcing the positive sentiment around the stock [3] Investment Consideration - Given the technical indicators and positive earnings revisions, SRCE may present a compelling opportunity for investors looking for potential gains in the near future [5]

Technical Analysis - Vertiv Holdings Co. (VRT) has reached a key level of support and is showing potential for a bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average, indicating a "golden cross" [1][2] - A golden cross is characterized by a short-term moving average crossing above a long-term moving average, typically the 50-day and 200-day, which suggests stronger breakout potential [2] Market Performance - VRT has experienced a price increase of 13.9% over the last four weeks, indicating positive momentum [4] - The company currently holds a 2 (Buy) rating on the Zacks Rank, reinforcing the bullish outlook [4] Earnings Outlook - The earnings outlook for VRT is positive, with no earnings estimates cut for the current quarter and one revision higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4] - This positive movement in earnings estimates further solidifies the bullish case for VRT [5]

Core Viewpoint - WSFS Financial Corporation (WSFS) 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][2]. Technical Analysis - A "golden cross" occurs when a short-term moving average, such as the 50-day, crosses above a long-term moving average, like the 200-day, indicating a potential bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum in stock prices [3]. Stock Performance - WSFS shares have increased by 13.9% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting strong potential for further gains [4]. Earnings Expectations - Recent changes in earnings estimates show two upward revisions with no downward changes in the last 60 days, contributing to a bullish outlook [4]. - The Zacks Consensus Estimate for WSFS has also increased, reinforcing investor confidence in the stock's upward trend [5].