Hot Stocks To Watch 1/29/2019

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Tuesday January 29, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are both slightly higher in early trading. Tech is in focus for earnings this week as many of the giants report including AAPL after the bell. The US and China are slated to meet in the next few days for trade negotiations ahead of the March 1 deadline. Asian markets settled the session mixed.

Technicals

The SPY opened below the $265 pivot in yesterday’s session and traded around the $263 pivot. Support is first found at $263 and the $260 pivot/ 20EMA, followed by $254.67, $253, $250, $248, $242 and $240. Resistance first lies at $265, $268, $270, then the 100SMA at $271.62 and the 200SMA at $273.87.

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**

PFE, WHR

Economic Calendar

 8:30  International Trade In Goods

 8:55  Redbook

10:00  Consumer Confidence

 

Notable Earnings Before Open

Pfizer (PFE) – EPS Est. $0.63

Verizon (VZ) – EPS Est. $1.09

3M (MMM) – EPS Est. $2.27

 

Notable Earnings After Close

Apple (AAPL) – EPS Est. $4.17

eBay (EBAY) – EPS Est. $0.56

Advanced Micro Devices (AMD) – EPS Est. $0.06

 

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