for another recap of the market action. In today’s session, we saw some pullback in the major indexes, with the NASDAQ down about 0.6%, the S&P 500 down 0.34%, the Dow down 1.1%, and the Russell 2000 down 1.4%. Despite the pullback, the market is still in a confirmed uptrend, so it’s important to keep an eye on the overall trend.
We also took a closer look at three compelling growth stories in the market. First up was Cava, the fast-casual Mediterranean chain, which had a strong earnings report and saw a huge upside reversal after an initial drop. Then we discussed Dutch Brothers, a coffee chain that broke out of a double bottom base and is still in a buy zone. Finally, we talked about Robin Hood, an online broker with strong growth metrics and a buy zone entry point.
We also discussed some earnings movers, including Salesforce, which was down 15% in after-hours trading, Newtanx down 8%, and Path down 30%. On the positive side, Pure Storage was up 3-4% after its earnings report.
Overall, it was an eventful day in the market with some notable moves in both directions. As always, it’s important to stay informed and keep an eye on the overall trend to make informed investment decisions. Stay tuned for more updates and analysis in future blog posts.
