Hot Stocks To Watch 11/22/2019

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Friday, November 22, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. Investors remain cautious with a near term US/China trade deal being uncertain and new tariffs that are slated to go into effect on Dec. 15. Asian stocks settled the session mixed.

 

Technicals

The SPY continued to consolidate above the ascending support line in yesterday’s session. Support will first be found at ascending support of $310, followed by 309.06, the 20EMA at $307.53, $302.20s, $298.50, $296.97, the 100SMA at $297.90, 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**

FL, HIBB, PSTG

 

Economic Calendar

10:00  Consumer Sentiment

 

Notable Earnings Before Open

Footlocker (FL) – EPS Est. $1.07

J.M. Smuckers (SJM) – EPS Est. $2.13

 

Notable Earnings After Close

NONE

 

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