Hot Stocks To Watch 4/14/2020

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Tuesday, April 14, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are higher in early trading. Investors are watching earnings kickoff today from the banks and will be watching guidance that is given, or withheld, for queues into corporate thoughts on market strength. Pres. Trump also announced yesterday that he is ready to open the country “ahead of schedule”.  Asian stocks settled the session mostly higher. 

 

Technicals

The SPY consolidated, tested and held the $271.3 pivot level and are gapping higher this morning. Support will first be found at $271.3, descending support near $265, then the 20EMA at $264.42, $256.35, $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found at $281.5, ascending resistance at $287.5s, gap fill at $290.23, and the 200SMA at $301.09.

 

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**

JPM, WFC

 

Economic Calendar

11:05  Fed Pres. Bullard Speaks

12:30  Fed Pres. Evans Speaks

 

Notable Earnings Before Open

JPMorgan Chase (JPM) – EPS Est. $2.49

Wells Fargo (WFC) – EPS Est. $0.59

Johnson & Johnson (JNJ) – EPS Est. $2.03

 

Notable Earnings After Close

NONE

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