Hot Stocks To Watch 4/23/2020

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Thursday, April 23, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are flat in early trading. Some relief in the oil markets is helping hold futures steady. Investors will be watching the weekly unemployment numbers that will be coming out this morning. Asian stocks settled the session mixed. 

 

Technicals

The SPY slowly ground higher throughout yesterday’s session. Support will first be found at $275.52, then the 20EMA at $272.19, $271.3, $256.35, $247.68, followed by $242.21, $233.76, $228.02, and $218.26. Resistance will be found at ascending resistance at $281.50, $288, gap fill at $290.23, and the 200SMA at $300.54.

 

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**

TGT, IMMU, INO, NFLX

 

Economic Calendar

  8:30  Weekly Unemployment Claims, exp. 4,250k

  9:45  PMI Composite Flash

10:00  New Home Sales

 

Notable Earnings Before Open

Domino’s Pizza (DPZ) – EPS Est. $2.29

Eli Lilly (LLY) – EPS Est. $1.55

 

Notable Earnings After Close

Intel (INTC) – EPS Est. $1.28

Skechers U.S.A. (SKX) – EPS Est. $0.38

 

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