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Hot Stocks To Watch 12/4/2019

Wednesday, December 4, 2019

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly higher in early trading. Uncertainty remains with the fate of a near term US/China phase 1 trade deal. Asian stocks settled the session mostly lower. 

 

Technicals

The SPY gapped lower to start yesterday’s session and tested and held the critical complex ascending support line at $307.50. Support will first be found at 309.06, ascending support $307.60s, $302.20s, $298.50 and the 100SMA at $298.89. Resistance will be found at the 20EMA at $310.10, followed by ascending resistance at $313.2 and all-time highs of $315.48.

 

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**

WDAY, GIII

 

Economic Calendar

  8:15  ADP Employment Report

10:00  Fed Pres. Quarles Speaks

10:30  Weekly EIA Petroleum Report

 

Notable Earnings Before Open

Campbells Soup (CPB) – EPS Est. $0.69

 

Notable Earnings After Close

RH (RH) – EPS Est. $2.22

Slack Technologies (WORK) – EPS Est. $-0.09

Five Below (FIVE) – EPS Est. $0.17

 

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