The Daily Ticker 9-3-24 – Top Trading Pros

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Swing trade alerts powered by order flow stacking & the profit maximizer.

Plus market analysis, sector rotation and industry group breakdowns for the hottest stocks in play.

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// #ZS, Zscaler is scheduled to report its Q4 fiscal 2024 earnings on September 3, 2024. Analysts expect the cloud security company to post earnings per share of $0.58, representing a 41.5% increase from the same quarter last year. Revenue is projected to reach $505.8 million, showing a robust 32.5% growth year-over-year.

Investors will be closely watching Zscaler’s performance in key areas such as billings growth, customer acquisition, and expansion within existing accounts. Compared to the previous quarter (Q3 FY2024), analysts will be looking for signs of continued momentum, particularly in large enterprise deals and the adoption of Zscaler’s Zero Trust Exchange platform.

The company’s guidance for fiscal year 2025 will be crucial, especially regarding its outlook on cybersecurity spending trends and its strategies to maintain high growth rates in an increasingly competitive market.

While year-over-year comparisons are expected to show strong growth, the market will be particularly interested in Zscaler’s ability to balance growth with improving profitability and cash flow generation.

Sector Rotation

This view of sector rotation shows zero red on the chart but a slowing of bullish momentum. Is it because of the holiday? I doubt it. The red hot move off the August 5th remains intact, but we’ll be watching for lower highs and whether stocks close near the lows on heavy volume.

It’s super important and quite frankly good trading to know what you’re looking for. Again- so much easier than predicting.

This amazing bullish run in financials ahead of the pending interest rate cut slowed down a bit last week. Still deep green but another reason to move the stop loss higher on profitable trades. This chart represents five days of trading, and the percentage of stocks positive versus negative.

It’s still strong, so don’t simply bail. But don’t get caught by a reversal either. Continue moving the trailing stop loss higher.

Most of the stocks in the sector are beyond an optimal entry but we found a few that popped on Friday. One day beyond the best entry is still worthy of our attention.

#NTRS #BK #STT #RJF #BN.

Industrials shows thirteen stocks with bullish stacked order flow. Two stocks on my radar this week include: #JCI #CARR.

We have the open #RTX position that’s in profit maximizer mode.

// Industry Groups

Banks are looking solid to begin the week. JP Morgan gained over seventeen percent the last four weeks.

Banks diversified: #RY #WFC #JPM #BK.
Banks Regional: #GGAL #PNC.
Specialty industrial machinery: #ETN #PNR #XYL.
Software infrastructure: #AFRM #PGY #ZETA #PANW #GDDY.
Discount stores: #WMT #COST.

// Gainers From Monday’s Open

Stacked bullish order flow PLUS +1% from Monday’s open price.

// Swing Trade Updates:

// #RTX 8-12-24

$116.89 buy stop limit
8-29-24 $121.41 add shares hit.
8-30-29 Moving trailing stop loss up to $122.

// #GEV 8-27-24

$184.81 buy stop limit / $177.65 stop loss

8-30-24: $200.19 add shares hit. A five percent rally on Friday. Strong sector and a strong close. This stock is volatile, moves fast in both directions.

Normally I’d protect gains to Friday’s low but that’s a seven dollar decline. Trailing stop loss set to $198. I’m okay with giving it some room to run again but I want to lock in some gains.

// Swing Alerts

Starting the week off with a bearish hedge. And looking for a decline after another disappointing earnings report in #SNOW, Snowflake Inc.

The stock closed as an inside day near all-time lows, and shows relative weakness to the market and the sector. I’m going with a two-step entry here, half of my allocation on the initial entry, and the other half if we break support.

That means if our entry is filled, we only have half risk on incase buyers defend the lows. If they don’t a dive down to $100 or below is likely,