Hot Stocks To Watch 5/9/2019

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Thursday May 9, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European markets are lower in early trading. Markets have remained under pressure with tensions rising in the US and China trade talks. Pres. Trump stated that “China broke our deal” and that was why tariffs were to be raised on Friday. China has stated that they will take retaliatory measures if the tariffs take place. Asian markets settled the session lower.  

 

Technicals

The SPY tested and failed to hold the $289.4 pivot area in yesterday’s session. Support will first be found at $287.1, $286.6, $281.2, and the 200SMA at $277.23. Resistance first lies at $289.4, followed by the 20EMA at $290.15, $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**

ROKU, TPR, STMP

 

Economic Calendar

 8:30  Fed Chair Powell Speaks

 8:30  Weekly Unemployment Data, exp. 215k

 8:30  International Trade In Goods

10:45  Fed Pres. Bostic Speaks

 1:15  Fed Pres. Evans Speaks

 

Notable Earnings Before Open

Overstock.com (OSTK) – EPS Est. $-0.75

Cronos Group (CRON) – EPS Est. $-0.03

Cardinal Health (CAH) – EPS Est. $1.43

 

Notable Earnings After Close

Dropbox (DBX) – EPS Est. $0.06

Yelp (YELP) – EPS Est. $0.02

Symantec (SYMC) – EPS Est. $0.39

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