The S&P 500's 50% earnings growth is contributing to the current market dynamics.
Source Post
OVERBOUGHT?! Tammy Marshall Reveals Her Top 2 Stocks to Buy Now
Aug 16, 2026
The creator discusses the current market conditions, noting the S&P 500 hitting new highs while the Atlanta Fed cut GDP estimates. The conversation then shifts to specific stock mentions, with a focus on Amazon, Tesla, and Micron, analyzing their technicals and potential for further upside.
Linked Mentions
Tickers discussed in this post
Celestica is holding the 200 SMA after falling below the 50 SMA, with risk defined at 328-35 and targets at 526 and 592, indicating significant upside potential.
Coherent has fallen below the 50 SMA but has strong price support around 257-65, with targets at 500 and 575, indicating significant room to run.
Walmart is looking much better with bullish moving averages and a strong value proposition in groceries, making the 110-114 area a great risk zone to add the stock.
Starbucks has bullish moving averages and room to run, with a setup zone of 103-107 for those interested in buying.
Ross Stores is a good buy due to its appeal as a consumer staple for budget-conscious shoppers, with bullish moving averages and potential targets of 261-266.
Palantir has strong bullish technicals, a pattern of higher highs and higher lows, and significant upside targets up to $270.
Nvidia is mentioned as one of the stocks that has taken off, but no specific actionable thesis is provided.
Tesla faces an uphill battle with some moving averages still on the side of the bears, but crossing the 20 simple moving average suggests improving conditions.
Amazon is still very strong with all moving averages on the side of the bulls, and as long as it stays above the 248 range, it is expected to continue moving up with targets at 292 and 311.