Picks for 2026-06-12

1. AZOAutoZone, Inc.

   Despite a "Death Cross" technical signal, AutoZone (AZO) is showing bullish signs today. The company recently reported strong Q3 FY2026 net sales of $4.84 billion, an 8.4% year-over-year increase, with diluted EPS of $38.07 surpassing analyst estimates. This positive earnings surprise, coupled with a "Strong Buy" consensus from analysts and a median price target of $3,969.38, suggests potential upside from its current trading levels.

   5-day return -4.74% · -5.22% vs SPY · lagged SPY

2. ASMLASML Holding N.V.

   ASML is exhibiting bullish signals today, driven by a "Golden Cross" technical indicator and recent news. The Golden Cross, where the short-term moving average crosses above the long-term moving average, suggests upward momentum. This is further supported by recent optimism surrounding ASML's ability to increase shipments of its EUV lithography tools faster than anticipated, alongside multiple bullish analyst price target increases. Additionally, Elon Musk's virtual appearance at ASML's technology conference to discuss his Terafab semiconductor manufacturing project, which would require ASML's advanced EUV systems, is contributing to positive market sentiment.

   5-day return +2.04% · +1.56% vs SPY · beat SPY

3. GOOGLAlphabet Inc.

   Alphabet (GOOGL) is exhibiting bullish signals today, primarily driven by a Golden Cross technical indicator and recent strategic moves in AI. The company recently announced an upsized $84.75 billion equity capital raise to expand its AI infrastructure, including a $10 billion investment from Berkshire Hathaway, signaling strong confidence in its AI initiatives. This capital injection and focus on AI, where demand is significantly impacting Google Cloud revenue, are likely contributing to the positive sentiment despite the stock trading below its target and near support levels.

   5-day return -3.71% · -4.19% vs SPY · lagged SPY

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