Hot Stocks To Watch 1/30/2020

1303

Thursday, January 30, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are lower in early trading. Caution still abounds in the market as the coronavirus spreads and the death toll climbs. Many large names continue to report earnings this week. The FOMC reported yesterday that interest rates would remain unchanged as expected. Asian stocks settled the session lower.  

 

Technicals

The SPY tested and held the 20EMA in yesterday’s session and reversed direction into the afternoon following the FOMC release, yet still closed above the 20EMA. We are looking to open below the 20EMA support this morning. Support will first be found at $319.50, $315.48, then gap fill at $312.5, 100SMA at $310.03. Resistance will be found first at the 20EMA at $326.42, $327 and all-time highs of $332.95.

 

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**

CCL, FB, TSLA

Economic Calendar

  8:30  GDP, exp. 2.1%

  8:30  Weekly Unemployment Claims, exp. 215k

 

Notable Earnings Before Open

United Parcel Service (UPS) – EPS Est. $2.10

Verizon Communication (VZ) – EPS Est. $1.15

Altria (MO) – EPS Est. $1.01

 

Notable Earnings After Close

Amazon (AMZN) – EPS Est. $3.98

Visa (V) – EPS Est. $1.46

Electronic Arts (EA) – EPS Est. $2.50

Western Digital (WDC) – EPS Est. $0.48

 

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