As of mid-July, Nasdaq climbed over 1.2%, driven by semiconductor sector rally. Investing brokers cite higher demand forecasts for chips in consumer electronics and EVs. Industry prediction models show potential 15% growth in Q3 if supply chain bottlenecks ease, making these stocks prime watchlist candidates. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. Dow Jones futures rose 0.5% after positive manufacturing PMI data. Investing brokers are reporting institutional buy-ins on cyclical stocks, betting on economic resilience. Forecast models suggest steady performance in industrials over the next quarter, supported by stronger export numbers.