Hot Stocks To Watch 10/25/2018

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Thursday October 25, 2018

Economic Calendar & Watch List

 

Morning Notes

US Futures and European stocks are up in early trading. Strong earnings in the tech sector are helping push markets a little higher after a weak close yesterday. Investors still remain cautious on a slowing global economy. Asian markets settled the session mostly lower.

 

Technicals

The SPY retested and failed the critical $270 support area in yesterday’s session and moved lower into the close. Support is first found at $265, followed by $261.20, $259.00 and $254.67. Resistance first lies at the critical $270 pivot, then the $275.5 pivot, followed by the 200SMA at $276.47, the 20EMA at $279.61, the $280 pivot area, then the 100SMA at $282.26, $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**

 

LUV, TSLA, MSFT

 

Economic Calendar

 8:30  International Trade In Goods

 8:30  Weekly Unemployment Claims, expected 212k

 7:00  Fed Pres. Mester Speaks

 

Notable Earnings Before Open
Twitter (TWTR) – EPS Est. $0.04

Shopify (SHOP) – EPS Est. $-0.30

GrubHub (GRUB) – EPS Est. $0.31

 

Notable Earnings After Close

Amazon.com (AMZN) – EPS Est. $3.29

Alphabet (GOOGL) – EPS Est. $10.54

Intel (INTC) – EPS Est. $1.15

Snap (SNAP) – EPS Est. $-0.27

Whirlpool (WHR) – EPS Est. $3.68

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