Hot Stocks To Watch 5/19/2020

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Tuesday, May 19, 2020

 

 

Economic Calendar & Watch List

 

Morning Notes

US Futures and European markets are mixed in early trading. Markets continue to hold gains following the positive news on vaccine news. Investors will continue to watch earnings, as many large companies are reporting, for forward guidance along with Fed Chair Powell speaking today. Asian stocks settled the session higher. 

 

Technicals

The SPY exhibited strength in yesterday’s session gapping and continuing sharply higher through the session. Support will first be found at $292.70, $289.20, followed by the 20EMA at $284.94, $281.5, $279.13, $275.52, $271.3. Resistance will be found at the $294.88 pivot area, followed by ascending resistance at $296.4, the 100SMA at $297.49, and the 200SMA at $299.42.

 

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**

BIDU, WMT

 

Economic Calendar

  8:30  Housing Starts

10:00  Fed Chair Powell Speaks

  2:00  Fed Pres. Rosengren Speaks

 

Notable Earnings Before Open

Walmart (WMT) – EPS Est. $1.12

Home Depot (HD) – EPS Est. $2.26

KSS (Kohls) – EPS Est. $-1.65

 

Notable Earnings After Close

Netease (NTES) – EPS Est. $3.51

 

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