Hot Stocks To Watch 2/6/2020

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Thursday, February 6, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. Markets are higher following reports from China that they will be reducing tariffs on $75b of US-made imports as part of the phase 1 trade agreement. Investors’ fears seemed to have waned on the risk of the economic impact of the coronavirus even with companies stating it may impact their bottom line. Asian stocks settled the session higher. 

 

Technicals

The SPY gapped higher to start yesterday’s session and held that gap closing the day just above the previous all-time highs. Support will first be found at $327, the 20EMA of $326.83, then $319.50, $315.48, then gap fill at $312.5, 100SMA at $311.43. Resistance will be found at all-time highs of $333.09.

 

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**

TWTR, WWE, IRBT

 

Economic Calendar

  8:30  Weekly Unemployment Claims, exp. 215k

  9:15  Fed Pres. Kaplan Speaks

  7:15  Fed Pres. Quarles Speaks

 

Notable Earnings Before Open

Twitter (TWTR) – EPS Est. $0.28

Tyson Foods (TSN) – EPS Est. $1.70

Bristol-Myers Squibb (BMY) – EPS Est. $0.88

Phillip Morris (PM) – EPS Est. $1.22

Estee Lauder (EL) – EPS Est. $1.90

 

Notable Earnings After Close

Activision Blizzard (ATVI) – EPS Est. $1.15

Uber Technologies (UBER) – EPS Est. $-0.68

Pinterest (PINS) – EPS Est. $0.08

Take-Two Interactive (TTWO) – EPS Est. $1.75

Wynn Resorts (WYNN) – EPS Est. $0.85

 

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