The technical picture for both Disney and Newmont looks good
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Gen Digital: Stable Results and Stronger Forecasts
Gen Digital’s earnings report once again delivered results that exceeded expectations, while management raised its full-year forecast for the fourth consecutive quarter, further reinforcing confidence in the company’s growth trajectory. Given the stock’s low valuation, it is particularly encouraging that the company continues to achieve stable growth even after the base effect of the MoneyLion acquisition has run its course. In addition, products based on artificial intelligence are showing increasing user activity, suggesting that, in the long term, AI supports rather than threatens the company’s business model, although intensifying competition in the cybersecurity market continues to require ongoing development expenditures. Gen Digital shares remain on our Equity Top pick List.
Following the corrections, upward trends have resumed on the U.S. stock markets. In this week’s list, we’ve highlighted two companies that are currently performing well and have been in a correction phase for some time. One is Newmont, one of the world’s largest gold mining companies, and the other is Walt Disney. Both stocks are currently showing an upward trend and a breakout from a downtrend, so the timing seems favorable for seeking long positions.
Best rated US stocks based on momentum ranking
Compelling technical picture:
Newmont (daily): A prolonged period of mild correction may have come to an end in recent days. The rally began with strong gaps and buying volume. The downward trendline from the correction has also been broken to the upside, opening the way for further gains. Based on this pattern, the price should reach a new high. The target price can therefore be set at a minimum of 137.5. Initially, risk management below 93 is warranted, and later it will be worth following the rising trendline.
Disney (daily): After a long-term correction phase, it has given a strong buy signal. The trading volume of recent days, combined with the trend break, could provide a solid foundation for a structural shift. Buying opportunities can be found during pullbacks; the 100 level is now support and may be a good entry point. Since the swing low around 93.25 is significantly higher than the 2025 low, we can see a bullish reversal even in the long term. A target price could be around $125.
List of stocks with a chance of a turnaround in the coming weeks
Most popular US stocks
The momentum model supports the creation of a technical based stock list that helps to find shorter-term trading opportunities. The model can be used to identify stocks that show reversal signals following more sustained falls/underperformance. We examine one-year, six-month, three-month, one-month and five-day momentum values, which are used to rank the stocks under consideration. The higher a stock is ranked in the order, the better it technically performs relative to the others. The change in the ranking over time is used to determine the life cycle of the stock.
- In the first table, we collect the stocks that show the most attractive picture compared to the others in a given week based on momentum factors, of which those are also presented in a separate chart where a favourable situation can be identified based on additional technical analysis tools.
- In the second table, we list the stocks that are already worthy of being placed in watchlist status. They are not among the best performers, but they have the potential to improve and signal a turnaround in a few days or weeks.
- In the third table, we have also collected the more popular stocks to help identify their position in the momentum order.
The report shows the results of a technical - quantitative based stock screening, which does not examine the fundamental background/value of the companies. For this reason, risk management/position sizing rules should be designed accordingly.
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