EarningsBeats Digest

Published: Fri, 01/29/21

EarningsBeats.com Digest for January 29, 2021

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A Day in the Life of EarningsBeats.com

with Bonus Presentation: "The January Effect"

Featuring Chief Market Strategist Tom Bowley

Saturday, January 30 - 11:00 am EST

Join Tom Bowley, EarningsBeats.com's Chief Market Strategist, as he discusses the best ways to use our website. Since leaving StockCharts.com in 2019, EarningsBeats.com has unveiled a series of new products and services and we want to make sure that our members are getting everything they can out of our website. He'll discuss the research that's performed, the ability of our members to download our research, how to use our predefined scans to uncover excellent trading candidates, and describe the process that we go through to select the 10 equal-weighted stocks in each of our powerful portfolios. This event will serve as a great introduction to those that are new to EarningsBeats.com and also provide our members a great resource (or refresher) to use our research more efficiently.

This is a FREE event and you will be sent webinar room instructions Saturday morning prior to the start of the event.

Small Semiconductor Presenting Big Opportunity?

Ultra Clean Holdings (UCTT) is a $1.53 billion semiconductor company that designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries. Volume trends have been exceptionally strong for UCTT and its relative strength has been shooting higher since its September low. Check out the current chart:

After moving above 44 earlier this week, profit taking kicked in big time and UCTT saw a low of 36.58 on Thursday, testing a key short-term price support level. The early-December high candlebody was 36.36 before UCTT broke out to open 2021 on increasing volume. After that continuing push to the upside, this week's selling is providing an opportunity to enter back close to that key support area. Semiconductors ($DJUSSC) remain one of the best industry groups.

Happy trading!

Tom Bowley, Chief Market Strategist

EarningsBeats.com

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