Hot Stocks To Watch 6/25/2019

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Tuesday June 25, 2019

Economic Calendar & Watch List

 Morning Notes

US Futures and European markets are slightly lower in early trading. Investors will be watching Fed Chair Powell’s speech to see if he will reinforce his dovish statements on future policy. Geopolitical risks continue to rise following the US imposing new sanctions on Iran and the continued trade war with China. Asian markets settled the session lower. 




Technicals

The SPY traded in a tight range in yesterday’s session and continued to consolidate below the all time highs. Support will first be found the 20EMA at 289.02, the 100SMA at $283.56 ,$281.20 pivot, and the 200SMA at $277.35. Resistance will be time highs at $296.31

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**

ABBV

Economic Calendar

  8:45  Fed Pres. Williams Speaks

10:00  New Home Sales

10:00  Consumer Confidence

12:00  Fed Pres. Bostic Speaks

  1:00  Fed Chair Powell Speaks

  6:30  Fed Pres. Bullard Speaks

Notable Earnings Before Open

Lennar (LEN) – EPS Est. $1.13

Notable Earnings After Close

Micron Technology (MU) – EPS Est. $0.75

FedEx (FDX) – EPS Est. $4.81

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