Hot Stocks To Watch 11/6/2018

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Tuesday November 6, 2018

Economic Calendar & Watch List

Morning Notes

US Futures and European stocks are lower in early trading. Investors are awaiting the results of the midterm elections that are happening today. European markets are lower after producer prices took an unexpected move higher. Asian markets settled the session mixed.

Technicals

The SPY continued to consolidate below the 20EMA in yesterday’s session. Support is first found at the important $270 pivot, followed by $265, $261.20, then $259.00 and $254.67. Resistance first lies at the 20EMA at $274.38, the $275.5 pivot, followed by the 200SMA at $276.12, the $280 pivot area, then the 100SMA at $281.60, $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**

MNK, RL

Economic Calendar

 8:55  Redbook

10:00  JOLTS Report

Notable Earnings Before Open

CVS Health (CVS) – EPS Est. $1.71

Eli Lilly (LLY) – EPS Est. $1.37

Ralph Lauren (RL) – EPS Est. $2.17

Notable Earnings After Close

Etsy (ETSY) – EPS Est. $0.06

Twilio (TWLO) – EPS Est. $0.02

Papa John’s (PZZA) – EPS Est. $0.23

Zillow (ZG) – EPS Est. $0.17

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