EB Watch List Update Report
Dear Members:
MARKET UPDATE
So what's new today? How about all of the major indexes making all time highs in unison? That's exactly what happened this morning as we begin a new trading month though the NASDAQ is now red. There's still not much worry out there. The VIX was back in the 9's earlier in the day. Of course it's tempting to say the NASDAQ has topped; maybe it has. But that has simply been too hard to call of late. It did get overbought, just like the rest of the market, but is this really the beginning of a big correction or just a minor dip that traders will jump on? We've got the Fed rate announcement later today; no rate increase is expected so traders will be listening to the statement to get clues about the future. Further details on tax reform have been put off until tomorrow and we've still got Facebook and Apple reporting between today/tomorrow. And also the non-farm payroll report on Friday. So much to consider! But when everything is said and done the bulls remain in charge. Until that changes it must be respected.
Companies Reporting earnings today (November 1)
Before Market Opens
AGN, CLX, CTSH, EL, GRMN, GRPN, HMC, MGLN, TAP, NYT, PBI, RDWR, SBGI, SODA, SO, TEX and TRI
After Market Closes:
AEGN, ALL, BXP, CAKE, CHDN, DENN, FB, FICO, FEYE, FIT, GPOR, HBI, HST, KHC, LQ, LNC, MRO, MET, MUR, NUS, OXY, PKD, PRU, QCOM, RNWK, RGLD, SGMS, SHAK, SYMC, TCO, TSLA, RIG, WMB and YELP
Companies reporting earnings tomorrow (November 2)
Before Market Opens:
AES, BABA, APA, ADP, AN, AVP, BLL, APRN, CHK, CI, CBB, DLPH, DISCA, DWDP, EXC, GCI, GOGO, H, IDA, ICE, ITT, NWL, NRG, PH, PCG, RL, RDS.A., TDY, TNC, TEVA, W and YUM
After Market Closes:
Y, MDRX, AAPL, AIZ, AGO, CPST, CBS, CERS, CRUS, COHU, ED, ELON, FLR, HCI, HLF, JCOM, LYV, P, RMAX, RST, SWIR, STMP, SBUX, SPWR, DATA, TIVO, VECO and WU
ADDITIONS TO WATCH LIST
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Will keep you posted on new additions to the Watch List
SHORTS:
None at this time
LONGS:
Large Cap Watch List
None
Mid Cap Watch List
None
Small Cap Watch List
SYNT - Stock is giving some of yesterday's gains back today. Would like to see it close back above $23.36 which would be bullish.
PETS - Stock is up almost 3% today as it moves back above both its 20 and 50 day moving averages. A close back above $36.53 would be bullish.
DELETIONS FROM THE WATCH LIST
None
At your service,
John Hopkins
EarningsBeats