Hot Stocks To Watch 11/26/2019

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Tuesday, November 26, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are flat in early trading. Investors continue to remain optimistic that a phase one trade deal could be reached before the end of the year. This after US and Chinese officials had a phone conversation late yesterday where they agreed to continue to work with each other on implementation of an agreement. Asian stocks settled the session mixed.

 

Technicals

The SPY posted new all-time highs in yesterday’s session and consolidated above the ascending resistance line. Support will first be found at ascending support of $312.60, followed by 309.06, the 20EMA at $308.38, $302.20s, $298.50 and the 100SMA at $298.17. Resistance will be found at all-time highs of $313.37.

 

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**

DLTR, GBT, BBY, NTNX

 

Economic Calendar

  8:30  International Trade In Goods

10:00  New Home Sales

10:00  Consumer Confidence

  1:00  Fed Pres. Brainard Speaks

 

Notable Earnings Before Open

Best Buy (BBY) – EPS Est. $1.04

Dollar Tree (DLTR) – EPS Est. $1.12

DICK’S Sporting Goods (DKS) – EPS Est. $0.38

Burlington Stores (BURL) – EPS Est. $1.41

 

Notable Earnings After Close

VMware (VMW) – EPS Est. $1.43

Autodesk (ADSK) – EPS Est. $0.73

Guess? (GES) – EPS Est. $0.19

 

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