Hot Stocks To Watch 8/8/2019

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Thursday, August 8, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. Markets are catching some relief following positive export data from China. Yet, Investors remain cautious following the recent trade woes and currency fixing in China. Crude prices are also helping markets higher as the price per barrel increased 2.3% early today. Asian stocks settled the session higher.

 

Technicals

The SPY tested and held the recent low pivot in yesterday’s session moving higher into the afternoon. Support will first be found at $281.72, followed by the 200SMA at $278.80. Resistance will be found at descending resistance of $286.35, then $288.44, the 100SMA at $289.79, $293.20, $294.45, the 20EMA at $294.74, $297, then $299.6, $301 and $302.23

 

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, AMD, GDOT, LITE

Economic Calendar

  8:30  Weekly Unemployment Data, exp. 215k

 

Notable Earnings Before Open

Lumentum (LITE) – EPS Est. $0.71

Viacom (VIAB) – EPS Est. $1.03

Cardinal Health (CAH) – EPS Est. $0.93
Cronos (CRON) – EPS Est. $-0.02

Kraft Heinz (KHC) – EPS Est. $0.75

 

Notable Earnings After Close

Activision Blizzard (ATVI) – EPS Est. $0.20

CBS (CBS) – EPS Est. $1.13

Uber (UBER) – EPS Est. $-3.33

Dropbox (DBX) – EPS Est. $-0.05

The Trade Desk (TTD) – EPS Est. $0.44

 

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