US Market Insights & Ideas
Major indices posted modest gains over the last trading day, with the Russell 2000 up 1.5% leading the advance, while the S&P 500 rose 0.4% and the Dow added 0.5%; week-to-date, however, broader markets slipped, with the S&P 500 down 0.6% and the VIX up 3.3% signaling lingering caution.
The primary driver was the ADP private payrolls report, showing a stronger-than-expected 42,000 job gain, signaling labor market resilience amid Fed rate cut expectations. Positive corporate earnings, including solid results from AMD and McDonald's, further boosted sentiment, offsetting prior tariff concerns eased by Supreme Court skepticism.
Broader recovery in small-caps (Russell 2000 +1.54%) and dip-buying reflected optimism for upcoming nonfarm payrolls data, hinting at sustained volatility but bullish undertones.
Swing Trading Ideas (1-4 Weeks)
- WINGSTOP INC (WING) Target 1 282.16 (11.6%) Hit Rate 85%
- IRIDIUM COMMUNIC (IRDM)Target 1 20.32 (13.08%) Hit Rate 77%
- OLD DOMINION FRT (ODFL)Target 1 150.67 (7.02%) Hit Rate 73%
- Rubrik, Inc. (RBRK) Target 1 83.84 (15.39%) Hit Rate 67%
- Tarsus Pharmaceuticals, Inc (TARS) Target 1 60.91 (-10.57%) Hit Rate 75%
- ALCOA CORP (AA) Target 1 31.88 (-10.81%) Hit Rate 74%
- CENTURY ALUMINUM (CENX) Target 1 25.40 (-11.54%) Hit Rate 53%
- ARCUS BIOSCIENCE (RCUS) Target 1 15.91 (-19.44%) Hit Rate 48%
Biggest Movers
Top Gainers (1-Day)
| Lumentum Holdings (LITE:XNGS) | +23.6% |
| Rivian Automotive-A (RIVN:XNGS) | +23.4% |
| Fortrea Holdings (FTRE:XNGS) | +23.2% |
Top Losers (1-Day)
| Pinterest Inc-A (PINS:XNYS) | -21.8% |
| Zimmer Biomet Holdings (ZBH:XNYS) | -15.2% |
| Live Nation Entertainment (LYV:XNYS) | -10.6% |
Technology and consumer discretionary led gains, with healthcare names extending week-to-date momentum amid broader small-cap rotation.
Mag 7
Tesla led Magnificent 7 gains with a 4.0% rise over the last trading day, driven by EV sector momentum, while Amazon and Alphabet added 0.4% and 2.4%, respectively. On the downside, Nvidia and Microsoft slipped 1.8% and 1.4%. Week-to-date, Amazon topped with +2.5%, but Nvidia extended losses to -3.6% amid valuation concerns. Mag 7 momentum is fading amid broader sector shifts.
Quantmatix Success Stories
- Integra LifeSciences (IART:XNGS) captured 26.7% downside after a Short-Term Top Quantmatix negative signal on Tuesday, October 28.
- Vontier Corp (VNT:XNYS) achieved 10.8% gains from a Short-Term Top Quantmatix negative signal on Wednesday, October 29.
As industrials and healthcare signals build, watch for rotation into small-caps ahead of next week's CPI data and Fed commentary, which could influence sentiment. We'll continue to track how these setups evolve in the week ahead.
Disclaimer: These insights are generated using AI and are provided for informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any security. The content may be incomplete or contain errors and should not be relied upon for investment decisions. Always consult a qualified financial adviser before making financial choices.