Hot Stocks To Watch 11/06/2017

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Monday November 6, 2017

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are slightly lower in early trading but losses are limited with a sharp rise in the price of crude oil. Crude prices rose to their highest levels in 2 years after a corruption crackdown in Saudi Arabia. Asian stocks closed the day mixed.

 

Technicals

The SPY exhibited minor weakness in early trading Friday, then rallied through the session encountering resistance at all time highs. Support will lie at the low of Friday’s range at $257.30, followed by $256.19, $255.63, the 20EMA at $255.86, then $253.98, $253.65, $253.20, $252.56, $252.23, the former ascending resistance at $252.19, then $251.30, and the recent pivot at $250.15. Resistance will lie at all time highs at $258.50.

 

Small Cap Watch List

*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.

 

**Others On Watch**

 

Economic Calendar

12:10  Fed Pres. Dudley Speaks

 

Notable Earnings Before Open
CVS Health (CVS) – EPS Est. $1.49

Sysco (SYY) – EPS Est. $0.73

Mylan (MYL) – EPS Est. $1.21

 

Notable Earnings After Close

Priceline (PCLN) – EPS Est. $34.31

Skyworks (SWKS) – EPS Est. $1.64

TripAdvisor (TRIP) – EPS Est. $0.20

Avis Budget Group (CAR) – EPS Est. $2.97

 

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