Hot Stocks To Watch 2/7/2019

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Thursday February 7, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are lower in early trading. Investors remain cautious as the earning season starts to slow with may companies decreasing forecasts into 2019. Asian markets settled the session lower.

Technicals

The SPY consolidated in yesterday’s session just below the 200SMA. Support is first found at the 100SMA at 270.30, then the pivots at $270, $268, the 20EMA at $265.34, and $265. It continues at $263, $260, $254.67, $253, $250, $248, $242 and $240. Resistance first lies at the 200SMA at $273.92 followed by $275.5 and $281.

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**

TWTR, TPR

Economic Calendar

 8:30  Weekly unemployment claims, exp. 223k

 9:15  Fed Pres. Kaplan Speaks

 9:30  FOMC Vice Chair Clarida Speaks

 7:30  Fed Pres. Bullard Speaks

 

Notable Earnings Before Open

Philip Morris International (PM) – EPS Est. $1.16

Twitter (TWTR) – EPS Est. $0.16

GrubHub (GRUB) – EPS Est. $0.28

 

Notable Earnings After Close

Expedia (EXPE) – EPS Est. $0.74

Skechers (SKX) – EPS Est. $0.23

Mattel (MAT) – EPS Est. $-0.11

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