Hot Stocks To Watch 4/24/2019

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Wednesday April 24, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European shares are slightly higher in early trading. Markets surged in yesterday’s session following reports that negotiations are to continue with China and the US on trade. Eyes remain on this wave of earnings that coming in. FB and MSFT report tonight shedding some light into the strength of the tech sector.  Asian markets settled the session mixed.

Technicals

The SPY exhibited strength in yesterday’s session pushing through its recent consolidation and up to the $293 resistance. Support will first be found at $289.4, then $288.8, the 20EMA at $287.53, $286.6, $281.2, and the 200SMA at $276.52. 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**

SNAP

 

Economic Calendar

10:30  Weekly EIA Petroleum Status Report

 

Notable Earnings Before Open

Boeing (BA) – EPS Est. $3.11

Caterpillar (CAT) – EPS Est. $2.84

AT&T (T) – EPS Est. $0.85

 

Notable Earnings After Close

Facebook (FB) – EPS Est. $1.65

Tesla (TSLA) – EPS Est. $-2.51

Microsoft (MSFT) – EPS Est. $1.00

PayPal (PYPL)  – EPS Est. $0.47

Visa (V) – EPS Est. $1.24

 

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