Newmark Group Inc

Price is in a Stage 2 corrective reset within a long-term uptrend, offering a bullish medium-term bias but lacking a clear short-term entry trigger. The consolidation tightly tracks rising short EMAs, suggesting pullbacks into the 9/21 EMA zone as structurally favorable support. Volume remains muted on rallies, and RS underperformance versus the market poses a key risk. We will defer execution until a clearer pullback and absorption at EMAs confirm entry readiness.

• ↑Q1 revenue $846.5M (+27% YoY) and adjusted EPS $0.33 (+57% YoY)
• ↑Capital markets revenue jumped 45.5%, led by senior and affordable housing deals
• ↓Leasing and transaction volumes sensitive to economic slowdowns and tough comps