Equity Clock

Stock Market Outlook for August 25, 2021

Real Estate loans are finally back on the rise as housing inventory starts to make its way to the market, allowing for the pickup in sales activity.

 

 

 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.   As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.

Stocks Entering Period of Seasonal Strength Today:

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Costco Wholesale Corp. (NASD:COST) Seasonal Chart

United Bankshares, Inc. (NASD:UBSI) Seasonal Chart

ATN International, Inc. (NASD:ATNI) Seasonal Chart

Daktronics, Inc. (NASD:DAKT) Seasonal Chart

Hibbett Sports Inc. (NASD:HIBB) Seasonal Chart

Gorman-Rupp Co. (NYSE:GRC) Seasonal Chart

Vedanta Ltd. (NYSE:VEDL) Seasonal Chart

TechTarget Inc. (NASD:TTGT) Seasonal Chart

First Business Financial Services, Inc. (NASD:FBIZ) Seasonal Chart

 

 

The Markets

Stocks pushed mildly higher on Tuesday as the rotation back to risk-on segments of the market continued following bounce in recent sessions.  The S&P 500 Index added just over one-tenth of one percent, closing at a new record high.  The benchmark is back to levels around the mid-point to the approximately 200-point range that hovers between 4375 and 4575, reaction to which was already hinted by the intraday pullback from the highs of the session.  This continues to be a market that is on a positive tilt, supported by its rising 50-day moving average, but the fact that the benchmark has been unable to make any progress in the upper half of the rising range indicates waning investor enthusiasm around these market highs.  Core-cyclical sectors of energy, financials, materials, and industrials drove the session’s gain, while defensive bets that had flourished in recent weeks amidst a risk-off move traded lower.

Today, in our Market Outlook to subscribers, we discuss the following:

• Airline stocks
• New Home Sales in the US and what is driving activity
• Loan activity at all commercial banks
• Bank stocks

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Sentiment on Tuesday, as gauged by the put-call ratio, ended bullish at 0.69. 

 

Seasonal charts of companies reporting earnings today:

 

 

S&P 500 Index

 

 

TSE Composite

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