EB Watch List Update Report
Dear Members:
Market Update:
Pretty much good news for the bulls today with all of the major indexes above all key technical levels, the VIX showing steadier nerves and with the S&P above key resistance at 2850 as we begin a new trading day and week. Without question, Apple's strong showing and market response last week helped to lift the NASDAQ which was on the verge of moving lower. Instead, the bulls once again held key support with tech stocks getting back on track. We'll continue to see more earnings this week but most of the heavyweights have already reported. So traders have a very good sense of how companies fared overall and generally appear to be pleased. It's become important now for the bulls to hold gains as the S&P clears that 2850 level as the next key level of resistance will be the all time high of 2872. So expect an all out effort to get to that level.
Companies reporting earnings Today (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
Companies reporting earnings tomorrow (August 7)
Before Market Opens:
AES, BHC, CROX, DF, DISCA, EMR, EXPD, JOUT, ODP, OMI, RDCM, RDUS, RAND, SAGE and ZBRA
After Market Closes:
ALB, AIZ, CAR, CLR, DIS, FOSL, G, HST, TWNK, INFN, LRN, LTRE, LC, PZZA, PBPB, PRI, SFLY, SNAP, VVUSWEN
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 is higher by almost 2% and a close above the 20 day, currently at $26.61, would be very bullish..
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats