Hot Stocks To Watch 5/14/2019

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Tuesday May 14, 2019

Economic Calendar & Watch List

Morning Notes

US Futures and European markets are higher in early trading. Markets are taking a pause from their declines following positive comments from Pres. Trump regarding trade negotiations with China and an upcoming meeting at the G-20 summit. Investors are still concerned as the Trump Administration has started to impose more tariffs on the remaining $300b of Chinese imports. Asian markets settled the session mostly higher.

 

Technicals

The SPY gapped sharply lower to start yesterday’s session and continued lower settling near the $280 pivot. Support will first be found at $280, the 200SMA at $277.30, and $275.50. Resistance first lies at $282.5, $287.1, followed by the 20EMA at $288.81, $289.4, $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**

CYBR, FB, AAPL

 

Economic Calendar

 3:00  Fed Pres. Williams Speaks

12:45  Fed Pres. George Speaks

 

Notable Earnings Before Open

Ralph Lauren (RL) – EPS Est. $0.93

CyberArk (CYBR) – EPS Est. $0.41

 

Notable Earnings After Close

Tilray (TLRY) – EPS Est. $-0.25

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