EB Watch List Update Report
Dear Members:
Market Update:
For a long time now the bulls have stepped up where they needed to, sometimes when it looked like the market was setting up for a leg lower. The same can be said for this week with the NASDAQ holding right where it needed to on selling earlier in the week and now back above all key technical levels along with the Dow and S&P. Even the VIX is showing traders in a more relaxed mood than earlier in the week. Though the jobs report came out weaker than expected this morning it showed greater strength from the two prior months helping to offset initial disappointment. The S&P is back to being in the middle of a trading range of 2800 to the downside and 2850 to the upside. So once again the bulls will likely try to clear that 2850 level and if successful we could see higher prices in the days ahead.
Companies reporting earnings Today (August 3)
Before Market Opens:
AXL, CBOE, DISH, SSP, GRPN, ITT, KHC, TDS, TRTN and USM
After Market Closes:
PHH
Companies reporting earnings Monday (August 6)
Before Market Opens:
BCC, CAH, CTB, LCUT, NWL, SEAS, BID and TSN
After Market Closes:
BHF, CBT, ETSY, FIVN, HTZ, MOS, RNG, THC, TWLO, WTW and Z
ADDITIONS TO WATCH LIST
Will keep you posted on any additional trade alerts.
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
None
Mid Cap Watch List
None
Small Cap Watch List
KEM - Stock started out nicely before giving up early gains. Still would like to see it close back above $25.50.
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats