EB Watch List Update Report
Dear Members:
Market Update:
A mostly nondescript day with the major indexes trading down slightly with both the NASDAQ and S&P remaining within striking range of their respective all time highs. This type of action is very frustrating to the bears who have not been able to gain the momentum from the bulls in a long time now. And with overall earnings coming out strong enough traders are more interested in finding trading candidates than unloading their positions. The VIX continues to show a high level of confidence as it remains on the low end of the scale. Bottom line at the moment; the bulls are in complete charge here unless something comes up to change the narrative. The bulls will continue to shoot for the all time high of 2872 on the S&P while we could continue to see traders buy the "best of the best" on any pullbacks.
Companies reporting earnings today (August 8)
Before Market Opens:
CARS, CHH, CBB, CNK, CVS, EXTR, GOGO, JLL, KELYA, KDP, KORS, MYL, NYT, SINA, SBGI, SO, STWD, TRI, VSI, WWW and WYND
After Market Closes:
ACAD, ADT, AMBC, AVT, COKE, FANG, DNB, EQIX, FTD, IAC, IPAS, JAX, JACK, MFC, MNST, NTES, NEU, NUAN, OXY, QUIK, ROKU, RGLD, SRPT, SLF, SUN, SUNW, FOX, PRTS and YELP
Companies reporting earnings tomorrow (August 9)
Before Market Opens:
CABO, LNG, CPK, GCI, NCLH, RDNT, VIA, WBT and WIN
After Market Closes:
ACXM, DBX, JCOM, LGF.A, MCHP, NWSA, PLNT and SYNA
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 has done a round trip back to test its 50 day moving average and giving up gains from the past two sessions. Now it needs to work its way back above the 20 day, currently at $26.53, to get back on track..
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats