Hot Stocks To Watch 6/27/2018

585

Wednesday June 27, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are slightly lower in trading this morning. Global weakness continues as trade disputes may lead to a global economic slowdown. European shares were under pressure with weakness in the banking sector. Asian markets settled lower on the day.

 

Technicals

The SPY traded in a tight range above its $270 support level in yesterday’s session. Support will first lie at the 100SMA  and the $270 pivot, followed by the $267 pivot, the 200SMA at $266.24. It continues at the pivots at $265, $256.60, $254.67, and the low of the February sell down at $252.92. Resistance will lie at the $274 swing high pivot area, then the $275.5 pivot and the 20EMA at $274.51, followed by the gap of $277.5, then $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**

CAG, CGC, GBT (NFLX, WWE Loosely)

Economic Calendar

 8:30  International Trade In Goods

10:30  EIA Petroleum Status Report

 

Notable Earnings Before Open

General Mills (GIS) – EPS Est. $0.72

Paychex (PAYX) – EPS Est. $0.61

 

Notable Earnings After Close

Bed Bath & Beyond (BBBY) – EPS Est. $0.31