Video Scan: Stocks To Watch For July 29, 2024

by | Jul 28, 2024

Hey everyone, welcome back to another Sunday Scan. This week, we have Chris, Judah, and Cody to share some market thoughts and main watches for the week ahead. 

It’s a busy market and a great time to see all that IU has to offer. We had an amazing response to the Test Drive deal we have been running, so we are extending it for one more day. It will end tomorrow night, so make sure to sign up now if you’re interested in seeing what IU can do for your trading.

And for all the people who took the offer, we hope you have been enjoying IU so far! Share your experience in the comments, and if you are finding value in IU, send the test drive deal to a friend, too!

Big week ahead with Fed meeting, earnings season, currency market shake ups, and more. Full breakdown in video for the three of us. 

Video Scan and Game Plan

Stocks to Watch

HBI some retail names breaking out, possibly similar to ANF.

BFI hot small cap market helping these small names get bids, just rotating from name to name. 

TCS break out and earnings soon. 

LULU another retail focused name may be breaking out soon. 

CELH looking for hard bounce around round numbers in the near future. 

KSCP tiny name catching bids on watch for possible continuation. 

SERV possible continuation and blow out before the move is done. SImilar to NNE and SOUN. 

JOBY recent runner on watch for possible continuation. 

SPX options near the close – using smaller size to keep risk in check. Make the position free asap and if right then these have been going 5-10x of market volatility.

EA on watch for break out in coming months with gaming theme. 

CGTX NAMS results out Monday morning.

OUST similar to JOBY, watching for reversal to upside.

ACB TVTX SLRN tightening up on daily watching for breakout.

KYMR tightening up post results watching for continuation.

TCS MIRA liquidity trap potentials. 

IWM relative strength in small caps, on watch for calls early in the week until over extension and then maybe mean reversion. Fed meeting will impact. 

NUZE liquidity trap “charging up” right now bringing in more shorts for possible parabolic move if builds over highs. 

META earnings soon, may get hit hard if capex is high with no earnings improvement to show for it.

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