Hot Stocks To Watch 5/2/2019

294

Thursday May 2, 2019

Economic Calendar & Watch List

Morning Notes

US Futures are higher and European markets are lower in early trading. Markets are higher this morning following comments from Fed Chair Powell who said there is no strong case for either raising or lowering rates in the near term. Investors continue to watch the reported earnings results for Q1 and are also waiting for any news regarding US/China trade negotiations. Asian markets settled the session mixed.

Technicals

The SPY opened higher to start yesterday’s session then sold off into the afternoon following the FOMC release. Support will first be found at the 20EMA at $289.9, $289.4, $288.8, $286.6, $281.2, and the 200SMA at $276.97. Resistance lies at $293.2, and all time highs of $294.95

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**

AAPL, EB, SQ, ABMD

 

Economic Calendar

 8:30  Weekly Unemployment Data, exp. 215k

10:00  Factory Orders

 

Notable Earnings Before Open

Cigna (CI) – EPS Est. $3.74

Wayfair (W) – EPS Est. $-2.13

Under Armour (UAA) – EPS Est. $0.00

 

Notable Earnings After Close

Activision Blizzard (ATVI) – EPS Est. $0.19

United States Steel (X) – EPS Est. $0.17

Expedia (EXPE) – EPS Est. $-0.61

NO COMMENTS

LEAVE A REPLY