Hot Stocks To Watch 10/16/2018

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Tuesday October 16, 2018

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are higher in early trading. An easing in geopolitical risks in Italy is helping push European markets higher. Investors are optimistic on what has been stronger than expected earnings season so far. Asian markets settled the day mixed.

 

Technicals

The SPY continued to trade in a range around the 200SMA in yesterday’s session. Support is first found at the pivot at $272, $270, $268.43, and $267.76. Resistance first lies at the 200SMA of $276.33, followed by the $277 pivot, $279, $280, the 100SMA $282.05, the 20EMA at $284.83, the pivot at $286.7, $293.22, then all time highs of $293.94.

 

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**

 

GS, DPZ, UNH, ADBE

 

Economic Calendar

 8:55  Redbook

 9:30  Industrial Production

 

Notable Earnings Before Open
Johnson & Johnson (JNJ) – EPS Est. $2.03

UnitedHealth (UNH) – EPS Est. $3.30

Morgan Stanley (MS) – EPS Est. $1.00

Domino’s Pizza (DPZ) – EPS Est. $1.73

 

Notable Earnings After Close

Netflix (NFLX) – EPS Est. $0.68

International Business Machines (IBM) – EPS Est. $3.40

CSX Corporation (CSX) – EPS Est. $0.94

United Continental Holdings, Inc. (UAL) – EPS Est. $3.09

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