EB Watch List Update Report
Dear Members:
Market Update:
We're heading into the Thanksgiving holiday with the market fairly flat. Flat isn't so bad as far as the bulls are concerned, and considering the nice move of late with all of the major indexes up near record high territory. The VIX is down another 3.5% as traders continue to show a lot of faith in the market. Trading volume should be light right through the end of the week with the market closed tomorrow and then at 1 PM eastern on Friday. The S&P got as high as 2601 yesterday so that's now the level the bulls hope to clear. To the downside the S&P got as low as 2089. So this is the very near trading range we're in at the moment. Not much else to say except the bulls remain in charge.
Companies Reporting earnings today (November 22)
Before Market Opens
DE
After Market Closes:
None
Companies reporting earnings Friday (November 24)
Before Market Opens:
None
After Market Closes:
None
ADDITIONS TO WATCH LIST
We added AMT to the Watch List this morning with more information below
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
SHORTS:
None at this time
LONGS:
Large Cap Watch List
HUN - Stock is flar and a close above $31.06 would be bullish.
AMT - Stock was added to the Watch List this morning at an entry price of $145.94 with a price target of $152.75 and a stop of any INTRA DAY close below $144.96. A close above $146.59 would be bullish.
Mid Cap Watch List
NFX - stock is higher by 2% as it gets closer to our target price of $31.30. A close above $30.79 would be bullish.
OSK - Stock continues to consolidate right at the 20 day moving average. A close above $86.59 would be bullish.
Small Cap Watch List
CVA - Stock is down slightly as it consolidates just below its 50 day moving average. A close above the 50 day, currently at $15.09, would be bullish.
DELETIONS FROM THE WATCH LIST
None
I want to wish everyone a joyful Thanksgiving holiday and I will be back Friday with my EB Watch List Update report.
At your service,
John Hopkins
EarningsBeats