Hot Stocks To Watch 2/27/2018

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Tuesday February 27, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are both modestly lower in early trading. Investors are awaiting the first public comments from new Fed Chair Jerome Powell. Asian stocks closed mostly mixed on the session.

 

Technicals

The SPY gapped higher to open yesterday’s session, tested the critical pivot at $275.45 and moved higher from the recent consolidation. Support will first lie at $275.45 pivot, followed by the 50SMA at $272.77, then the 20EMA at $272.30, and a major support pivot at $270. Support continues at the 100SMA at $265.64, then $264.30, $263.31, $261.66, ascending support at $258.35, and the 200SMA at $255.28. Resistance will lie at yesterday’s high of $278.01, followed by pivots at $280, $284.10, and all time highs at $286.63.

 

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**

PANW, M, AKRX

Economic Calendar

 8:30  Durable Good Orders

 8:30  International Trade in Goods

 8:55  Redbook

10:00  Fed Chair Powell Speaks

 

Notable Earnings Before Open

AutoZone (AZO) – EPS Est. $8.81

Perrigo (PRGO) – EPS Est. $1.24

Macy’s (M) – EPS Est. $2.69

 

Notable Earnings After Close

Workday (WDAY) – EPS Est. $-.035

Square (SQ) – EPS Est. $-0.04

Priceline (PCLN) – EPS Est. $14.12

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