Technical Analysis - StoneCo Ltd. (STNE) has reached a key level of support, indicating a potential bullish breakout as its 50-day simple moving average has crossed above the 200-day simple moving average, forming a "golden cross" [1] - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer moving average, leading to a trend reversal and subsequent upward price movement [2] Performance Metrics - STNE has experienced a significant price increase of 25.1% over the last four weeks, suggesting strong momentum [3] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating positive market sentiment [3] Earnings Outlook - The earnings outlook for STNE is positive, with no earnings estimates decreasing in the past two months, while there have been two upward revisions, contributing to an increase in the Zacks Consensus Estimate [3][4] - The combination of favorable earnings estimate revisions and the technical breakout position suggests that STNE may continue to see gains in the near future [4]

Core Viewpoint - Newmont Corporation (NEM) is showing potential as a bullish investment opportunity due to a recent technical indicator known as a "golden cross" and positive earnings outlook [1][4]. Technical Analysis - NEM's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a "golden cross" which often signifies a potential bullish breakout [1][2]. - A golden cross typically follows a downtrend, where the stock's shorter moving average crosses above the longer moving average, leading to a trend reversal and subsequent price increase [2][3]. Performance Metrics - Over the past four weeks, NEM has experienced a price increase of 16.6% [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Outlook - The earnings outlook for NEM is positive, with no earnings estimates decreasing in the past two months, while there have been four upward revisions [4]. - The Zacks Consensus Estimate for NEM has also increased, reinforcing the bullish sentiment around the stock [4][5].

After reaching an important support level, Cintas (CTAS) could be a good stock pick from a technical perspective. CTAS surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving a ...