Hot Stocks To Watch 4/24/2020

1338

Friday, April 24, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are slightly higher and European markets are slightly lower early trading. News of Gilad terminating their COVID-19 trial, remdesivir, in China sent markets lower in yesterday’s session. The US House passed another stimulus package yesterday and is headed to the Presidents desk for a signature. Asian stocks settled the session mostly lower. 

 

Technicals

The SPY reclaimed the $281.5 level early in the session yesterday and then failed to hold the level into the close. Support will first be found at $275.52, then the 20EMA at $272.84, $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 $300.45.

 

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**

INTC, ZM

 

Economic Calendar

  8:30  Durable Goods Orders

10:00  Consumer Sentiment

 

Notable Earnings Before Open

Verizon (VZ) – EPS Est. $1.22

American Express (AXP) – EPS Est. $1.69

 

Notable Earnings After Close

NONE

 

NO COMMENTS

LEAVE A REPLY