🚀 Wall Street Radar: Stocks to Watch Next Week
💼 Volume 43: S&P 500's Best May Since 1990 Masks Growing Volatility
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T2118
This week, the T2118 indicator also saw a decrease in value. This is generally a positive sign during a period of consolidation or a pullback in the indexes, suggesting that market movements are proceeding as anticipated.
Friday's session presented some particularly unusual market behavior. We witnessed a significant swing, with the market initially down over 1% only to recover and close nearly flat by the end of the day. This kind of intraday reversal is certainly peculiar. However, if one focuses solely on the closing levels, the movement could be interpreted positively, hinting that the market might be gearing up for another upward surge. We'll be watching closely on Monday to see how things unfold.
In terms of portfolio activity last week, we focused on reducing some of our existing positions to lock in profits. We also initiated a couple of new trades. Notably, PepsiCo (PEP) was added to our holdings on Wednesday. This decision came after the stock broke out, and at a time when the broader market wasn't in the best shape. We viewed this as a potential hedge, offering some stability if the indexes were to experience a more significant pullback.
Our strategy for PEP will depend on the market's opening on Monday. If the market shows strong upward momentum, it's less likely that significant capital will flow into consumer staples, and we may decide to close the position.
Looking ahead, we're excited to announce that next week we will be releasing our comprehensive monthly report. This report aims to provide added value for everyone, featuring detailed charts and descriptions of all the trades we executed throughout May. We'll break down our thought process for each trade, including entry points, exit strategies, and all the nuances, to provide a clearer picture of our day-to-day operations.
For the most immediate access to these kinds of commentaries, real-time trade ideas, and daily watchlists, the best place to be is our chat. If you're looking to stay ahead with daily insights and analysis, consider joining our community!
T2108
The T2108 indicator is currently consolidating, moving in tandem with the indexes and remaining above the 10-day exponential moving average (10ema). This synchronized behavior is generally seen as a positive sign. For an optimally healthy market environment, it would be ideal to see a more significant pullback in this indicator, with its value decreasing to at least the 50.00 level, which could pave the way for a more sustainable upward movement.
Continuing our focus on market monitoring and referencing the analysis of trends and key sectors from our previous article, we enter the new trading week prepared for potential shifts and ready to act on emerging opportunities.
The 4% Bull-Bear Indicator presented a mixed picture throughout the week. This signals a period of continued choppiness in the market, with no clear, established trend at the moment. Neither the bulls nor the bears seem to have gained decisive control in the short term.
The 25% Bull-Bear Indicator, consistent with last week's readings, continues to signal that bulls are firmly in control over the longer-term trend. This sustained bullish command is an encouraging sign for the weeks ahead, and we are hopeful that this underlying upward trend will persist.
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Each stock on the watchlist will now have a risk grade badge next to its name, reflecting our assessment based on factors such as volatility, share float, technicals, fundamentals, ADR, and more. This badge is designed to help readers gauge the stock's risk profile, providing valuable context for making informed decisions about approaching it.
High risk: ⚠️
Medium Risk: 📊
Low Risk: 🛡️
🆓✨ Watchlist Essentials: Top Free Picks
HOOD: Robinhood Markets, Inc. 📊
What they do: Online platform for brokerage and trading services
Why watch? 📈 Exhibiting notable market strength, Robinhood is positioned as a prominent leader in the current bullish cycle. The shares are trading just shy of recent highs, with a decisive move above the $67.00 mark potentially paving the way for a challenge of all-time highs and further upside.
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NRG: NRG Energy, Inc 🛡️
What they do: Power company involved in energy generation and retail electricity.
Why watch? 🔋 Following a robust earnings report, NRG Energy is benefiting from the persistent narrative linking power producers to the escalating energy demands of AI-driven data centers. The stock is currently consolidating its post-earnings gains, finding support along the 10-day exponential moving average. Further sideways consolidation or a high-volume breakout above $159.00 would be key technical signals for the next potential advance.
TOST: Toast, Inc 🛡️
What they do: Comprehensive restaurant management and point-of-sale platform.
Why watch? 🍞 A positive earnings report catalyzed a recent surge in Toast's shares. The subsequent pullback has occurred on diminished volume, finding support at the 20-day exponential moving average, culminating in a flat close on Friday. This bounce is being watched closely as a potential foundation for a renewed upward trend in the coming week.
MDB: MongoDB, Inc 🛡️
What they do: Leading NoSQL database platform for modern applications.
Why watch? ⚙️ MongoDB is exhibiting a classic 'cup with a long handle' formation, having consolidated throughout the latter half of May. Current trading shows low volume with key moving averages providing underlying support. This extended period of digestion could set the stage for a significant upward movement, with $192.00 identified as the pivotal resistance level to overcome.
BOOT: Boot Barn Holdings, Inc 📊
What they do: Retailer of western and work-related footwear, apparel, and accessories.
Why watch? 👢 Boot Barn shares are currently consolidating beneath the key resistance level of $164.00, a process characterized by lower-than-average trading volume. Recent positive catalysts, including a pause on certain tariffs and favorable earnings, have contributed to a significant appreciation in the stock price, setting up a potential breakout scenario.
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Each selection undergoes rigorous financial analysis, technical evaluation, and strategic assessment, delivering institutional-grade research.
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FTK: Flotek Industries Inc ⚠️
What they do: A niche specialty chemicals company serving the energy secto
Why watch?⚗️ Flotek Industries reported its strongest quarterly performance in five years for Q1 2025, with net income surging 244% year-over-year to $5.38 million and revenue increasing 37% to $55.36 million, surpassing analyst expectations. Strategic moves, including the acquisition of ProFrac's gas custody transfer assets, position FTK to capitalize on the expanding industrial and mobile power generation market. Further bolstering its growth outlook is the April acquisition of 30 real-time gas monitoring assets and a significant $160 million multi-year contract. Insider purchases totaling $1.5 million in May underscore internal confidence in the company's strategic direction.
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