Hot Stocks To Watch 3/31/2020

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Tuesday, March 31, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are slightly higher in early trading. Markets continue to exhibit some strength coming off of the short term bottom. Manufacturing data from China is giving a little confidence to investors as it appears their economy is starting to kick off again. Asian stocks settled the session mostly higher. 

 

Technicals

The SPY continued to move higher in yesterday’s session nearing its 20EMA. Support will first be found  $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found with ascending resistance at $256.40, the 20EMA at $264.89, $273.09, $281.5, gap fill at $290.23, and the 200SMA at $302.74.

 

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**

RH, CCL

 

Economic Calendar

  9:45  Chicago PMI

10:00  Consumer Sentiment

 

Notable Earnings Before Open

Con Agra Brands (CAG) – EPS Est. $0.49

McCormick & Company (MCK) – EPS Est. $1.04

 

Notable Earnings After Close

NONE

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