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Hot Stocks To Watch 10/29/2019

Tuesday, October 29, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are flat in early trading. Investors remain cautiously optimistic about a tentative trade deal in the works between the US and China but are waiting for FOMC decision tomorrow on rates.  Asian stocks settled the session mostly lower.

 

Technicals

The SPY gapped higher to start yesterday’s session and posted new all-time highs and consolidated at the highs. Support will first be found at gap entry of $302.91, gap fill at $302.2, the 20EMA at $298.10, $296.97, gap entry at $295.57, the 100SMA of $294.90, then gap fill at $294.21, $293.85, the 200SMA at $287.57. Resistance will be found at all-time highs of $303.85 and ascending resistance of 306.30.

 

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**

NXPI, GRUB, SHOP

 

Economic Calendar

  8:55  Redbook

10:00  Consumer Confidence

 

Notable Earnings Before Open

Shopify (SHOP) – EPS Est. $0.11

Mastercard (MA) – EPS Est. $2.01

Merck (MRK) – EPS Est. $1.25

Pfizer (PFE) – EPS Est. $0.63

General Motors (GM) – EPS Est. $1.31

 

Notable Earnings After Close

Advanced Micro Devices (AMD) – EPS Est. $0.18

Electronic Arts (EA) – EPS Est. $0.86

 

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