Hot Stocks To Watch 10/23/2019

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Wednesday, October 23, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly lower in early trading. Another big day of earning being reported as more insight is gleaned into the effect of the US/China trade war on companies’ bottom lines. Asian stocks settled the session mixed.

 

Technicals

The SPY consolidated above the 300.2 swing high pivot in yesterday’s session then lost that support into the afternoon. Support will first be found at the gap entry of $297, then the 20EMA at $296.46, gap entry at $295.57, then gap fill at $294.21, the 100SMA of $294.08, $293.85, the 200SMA at $286.70. Resistance will be found at $300.90 and $302.63.

 

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**

TXN, IRBT, LLY

 

Economic Calendar

10:30  EIA Petroleum Status Report

 

Notable Earnings Before Open

Boeing (BA) – EPS Est. $2.04

Caterpiller (CAT) – EPS Est. $2.82

 

Notable Earnings After Close

Tesla (TSLA) – EPS Est. $-0.48

Microsoft (MSFT) – EPS Est. $1.25

PayPal (PYPL) – EPS Est. $0.62

eBay (EBAY) – EPS Est. $0.64

 

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