Hot Stocks To Watch 4/17/2019

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Wednesday April 17, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are higher in early trading. Strength in China’s economy is helping push markets higher this morning as their GDP came in at 6.4%, beating the forecast of 6.3%. Shares of QCOM surged in the afternoon of yesterday’s session following the settlement of a legal battle with AAPL. Asian markets settled the session mostly higher.

Technicals

The SPY continued to consolidate near the recent highs yesterday and again tested and held the $289.4 level. Support will first be found at $289.4, then $288.8, $287, followed by the $286.6 pivot, the 20EMA at $285.93, $281.2, the pivot and 200SMA at $276.14, $275.50, $272.42, then the 100SMA at $270.60. Resistance first lies at $293.2 and $294

 

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**

QCOM, NFLX

 

Economic Calendar

 8:30  International Trade In Goods

12:30  Fed Pres. Bullard Speaks

12:30  Fed Pres. Harker Speaks

 

Notable Earnings Before Open

Morgan Stanley (MS) – EPS Est. $1.17

Pepsico, Inc. (PEP) – EPS Est. $0.92

 

Notable Earnings After Close

Las Vegas Sands Corp. (LVS) – EPS Est. $0.85

United Rentals, Inc. (URI) – EPS Est. $3.12

Alcoa Corporation (AA) – EPS Est. $-0.17

 

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