Hot Stocks To Watch 11/21/2019

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Thursday, November 21, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Markets dropped in yesterday’s session following news that a US/China trade deal may be further off than anticipated. Retail earnings continue to come in where investors will be able to look into the outlook that companies have with tariffs in place and a slowdown in the global economy. Asian stocks settled the session mostly lower.

 

Technicals

The SPY dropped in yesterday’s session following trade news and found support at the ascending support line. Support will first be found at ascending support of $309.50, followed by the 20EMA at $307.24, $302.20s, $298.50, $296.97, the 100SMA at $297.76, gap entry at $295.57, then gap fill at $294.21. Resistance will be found at all-time highs of $312.69.

 

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**

M, LB

 

Economic Calendar

  8:30  Weekly Unemployment Claims, exp. 217k

  8:30  Philidelphia Business Outlook Survey

  8:30  Fed Pres. Meister Speaks

10:00  Existing Home Sales

10:10  Fed Pres. Kashkari Speaks

 

Notable Earnings Before Open

Macy’s (M) – EPS Est. $0.01

BJ’s Wholesale (BJ) – EPS Est. $0.40

 

Notable Earnings After Close

Nordstrom (JWN) – EPS Est. $0.65

Gap (GPS) – EPS Est. $0.51

Intuit (INTU) – EPS Est. $0.25

Williams-Sonoma (WSM) – EPS Est. $1.00

 

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