Hot Stocks To Watch 7/17/2019

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Wednesday, July 17, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are slightly higher and European markets are lower in early trading. Banks continue to report Q2 earnings and tech companies start to take focus with NFLX reporting tonight. A rise in crude oil prices is helping hold markets up following an unexpected inventory draw. Asian markets settled the session lower.

 

Technicals

The SPY tested and failed to hold the 300.8 support level in yesterday’s session and continued lower to the $299.6 pivot. Support will first be found with at $299.6, then the 20EMA at 295.83, followed by gap entry at $294.33, then gap fill at $293.55, the 100SMA at $287.00, $281.20 pivot, and the 200SMA at $277.83. Resistance will be time highs at $301.13

 

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**

CSX, NUS

 

Economic Calendar

  8:30  Housing Starts

10:30  Weekly EIA Petroleum Status Report

12:30  Fed Pres. George Speaks

 

Notable Earnings Before Open

Bank Of America (BAC) – EPS Est. $0.70

PNC Bank (PNC) – EPS Est. $2.83

 

Notable Earnings After Close

Netflix (NFLX) – EPS Est. $0.56

International Business Machines (IBM) – EPS Est. $3.06

eBay (EBAY) – EPS Est. $0.49

United Rentals, Inc. (URI) – EPS Est. $4.48

Alcoa Corporation (AA) – EPS Est. $-0.34

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