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Next Day Prep EP30 Bullish

Next Day Prep: Resilient Stocks Defy Inflation Rampage – Friday 5/16/2025

May 19, 2025 17:56
Tickers Mentioned
JPMUNHNFLXSANMAMDALNYDELLNVAXNVDATSM
Episode Summary
Markets showed resilience after Moody's U.S. credit downgrade, with treasury yields reversing and equities rebounding. Healthcare and consumer staples led gains. Focus on momentum plays in resilient sectors while watching resistance levels.
Key Takeaways
  • Market rebounded despite Moody's downgrade of U.S. credit rating
  • Healthcare and consumer staples led sector gains today
  • Reconciliation bill optimism buoyed investor sentiment significantly
  • Sanmina acquired ZT Systems for $3 billion impacting stock
  • Buy-the-dip mentality continues supporting market resilience
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Next Day Prep: Resilient Stocks Defy Inflation Rampage

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to Next Day Prep – What We Are Watching Tomorrow! The markets saw a positive week with the Dow clawing back into the green for the year. Strong finishes across major indices highlighted resilient market sentiment, with tech and healthcare sectors leading.

Overnight Headlines

  • Market shrugged off consumer sentiment dip and inflation concerns, closing near session highs.
  • Treasury yields responded to inflation data, closing slightly higher.
  • WaveRider AI’s analysis shows SPY and QQQ with cautious optimism, hinting at short-term consolidation.

Economic Announcements

  • April Housing Starts slightly below consensus; underwhelming single-unit permits across regions signal cautious consumers and builders.
  • Import/export prices contained, but University of Michigan Consumer Sentiment showed declining views on personal finances and inflation expectations.

Earnings Highlights

  • DOCS (Doximity) reported a strong quarter but issued downside revenue guidance, citing transition challenges and macro uncertainty.
  • AMAT (Applied Materials) beat expectations, while GLOB (Globant) and FLO (Flowers Foods) missed and lowered guidance.

Top Movers

  • Continuation Breakout candidates: NET (Cloudflare), MARA (Marathon Digital), CAT (Caterpillar), DASH (DoorDash), DUOL
  • Anticipation Setups: NVDA (Nvidia), TSLA (Tesla), MSFT (Microsoft)

Quick Trade Ideas

  • NET: Support at 156.00, Resistance at 157.50
  • MARA: Support at 16.00, Resistance at 16.80
  • CAT: Support at 353.00, Resistance at 354.50
  • DASH: Support at 201.00, Resistance at 203.00
  • DUOL: Support at 527.00, Resistance at 529.50

Key Takeaway

Market sentiment remains cautiously optimistic with potential breakouts amidst consolidation. Tech and healthcare sectors show strength, but traders should remain disciplined and monitor economic data for potential shifts.

Thanks for tuning in to Next Day Prep. Have a profitable trading day tomorrow!

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