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Swing Trade Idea – July 22, 2021

Market View

World markets are mixed with USA mixed, Europe green, Japan green, Hong Kong green, China red, Asia green. Yield curve steeper which is supportive for financials and small caps. US dollar is higher versus the Euro.  US jobless claims were higher than expectation led to a small pullback in S&P500 and a drop in long term yields. USA existing home sales and leading indicators will be released at 10amEDT. Notable earnings: TXN beat expectations however warned that chip shortages will impact the next quarter; DHI beat expectations but warned that inventories are growing; CROX, WHR, DPZ blew out earnings.  USA markets are being led by large caps and tech in particular with Nasdaq leading and Russell lagging in the red. Within the Nasdaq MSFT, NVDA and DHR are 3 names to watch. CROX is an earnings name to watch for a day trade and CEMI for a very speculative name.  

Stocks to Watch

Earnings ABB ABT AEP BIIB BX CSX CCI DFS DHI DHR DOW LVS POOL T THC TXN UL WHR

Indices ICLN XLE TAN FANG KWEB XLB XLF DIA SPY IBUY SLV ITB JETS GLD SMH XLP TLT

S&P500 CSX DOW MRO T NVDA ALB DPZ POOL HAL MSFT DHR TXN DHI LVS LUV CCI ABBV MCHP

Movers CROX HZO TPH ARGX CLDDX DOW NUE BX ABNB DPZ T TSLA TXN DHI CLF WSM TEAM LUV NTRA FCX

WSB CLOV CLNE WKHS PLUG NVDA SOFI ARVL TSLA GME CLF

Stock Idea; CROX

CROX is in play today with a large beat in revenue and earnings and a large increase in Q3 expectations.  Potential for the stock to run. Would look for a pullback for a potential long. Premarket high is 137 for momentum breakout trade