Hot Stocks To Watch 6/27/2019

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Thursday June 27, 2019 

Economic Calendar & Watch List 

Morning Notes

US Futures and European markets are slightly lower in early trading. Investors are cautiously optimistic on US/China trade with reports of a potential truce on additional tariffs as the G20 summit approaches. Pres. Trump and Chinese Pres. Xi are scheduled to meet on Saturday to discuss trade. Asian markets settled the session mostly higher. 

Technicals

The SPY continued to remain weak in yesterday’s session consolidating near the former descending resistance. Support will first be found at the 20EMA at 289.31, the 100SMA at $283.97, $281.20 pivot, and the 200SMA at $277.38. 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**

$ZGNX $CAG $KBH $WBA $JWN

Economic Calendar

  8:30  GDP, exp. 3.1%

  8:30  Weekly Unemployment Claims, exp. 218k

Notable Earnings Before Open

Walgreens Boots Alliance (WBA) – EPS Est. $1.42

Conagra Brands (CAG) – EPS Est. $0.42

Notable Earnings After Close

Nike (NKE) – EPS Est. $0.66

 

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