Hot Stocks To Watch 5/6/2019

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Monday May 6, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European markets are sharply lower in early trading. Markets are sharply lower this morning following comments from Pres. Trump regarding possible tariff hikes on Chinese goods. This is ahead of negotiations that were going to continue in Washington on Wednesday. Asian markets settled the session lower.  

 

Technicals

The SPY gapped higher and continued up in Friday’s session. This morning we are looking to open at the $289.5 support level following tariff comments from Pres. Trump. Support will first be found at $289.4, then $287.1, $286.6, $281.2, and the 200SMA at $277.03. Resistance lies with the 20EMA at $290.46, $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**

BABA, TVIX,

 

Economic Calendar

 6:00  Fed Pres. Evans Speaks

 9:30  Fed Pres. Harker Speaks

 

Notable Earnings Before Open

Sysco (SYY) – EPS Est. $0.70

Tyson Foods (TSN) – EPS Est. $1.12

 

Notable Earnings After Close

Hertz Global (HTZ) – EPS Est. $-1.32

Guess? (GES) – EPS Est. $-0.26

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