Thursday April 25, 2019
Economic Calendar & Watch List
Morning Notes
US Futures and European shares are flat in early trading. Earnings continue to be the main focus of investors as many large names continue to report on Q1 2019. Global markets are lower following renewed concern over global growth. Asian markets settled the session mostly lower.
Technicals
The SPY traded in a constricted range in yesterday’s session following the push up. Support will first be found at $289.4, then $288.8, the 20EMA at $287.98, $286.6, $281.2, and the 200SMA at $276.60. 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**
MMM, FB, XLNX
Economic Calendar
8:30 Weekly Unemployment Claims, exp. 209k
8:30 Durable Goods Orders
Notable Earnings Before Open
United Parcel Service (UPS) – EPS Est. $1.42
Altria (MO) – EPS Est. $0.92
Southwest Airlines (LUV) – EPS Est. $0.61
Notable Earnings After Close
Amazon.com (AMZN) – EPS Est. $4.61
Intel Corporation (INTC) – EPS Est. $0.87
Starbucks Corporation (SBUX) – EPS Est. $0.56
Ford Motor Company (F) – EPS Est. $0.26
