Hot Stocks To Watch 3/5/2019

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Tuesday March 5, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are slightly higher in early trading. Stocks started higher in yesterday’s session on prospects that a deal may be reached in the US/China trade war, but waned into the session. Asian markets settled the session mixed.

Technicals

The SPY gapped up to open at the important $281.2 pivot level and failed to hold that in yesterday’s session. Support will first found at the near term support of $276.1 followed closely by the $275.5 pivot confluence with the 20EMA, then the 200EMA at $274.75, $270, the 100SMA at $267.87. Resistance first lies at $281.2 and $286.6.

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**

TSLA, TGT, CTRP

 

Economic Calendar

 7:15  Fed Pres. Rosengren Speaks

 8:55  Redbook

 9:30  Fed Pres. Kashkari Speaks

10:00  New Home Sales

 

Notable Earnings Before Open

Target (TGT) – EPS Est. $1.53

Kohl’s (KSS) – EPS Est. $2.17

Weibo (WB) – EPS Est. $0.75

 

Notable Earnings After Close

Urban Outfitters (URBN) – EPS Est. $0.78

Ross Stores (ROST) – EPS Est. $1.14

 

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