EB Watch List Update Report
Dear Members:
We had a GREAT Q1 Earnings Webinaryesterday featuring Tom Bowley yesterday where he examined companies that recently reported earnings as well as some companies getting ready to report their numbers. Most definitely worth watching! Here's a link to the recording:
https://investedcentral.adobeconnect.com/_a806566533/pu02qkiupdgw/?proto=true
Market Update
Onward and upward is the theme of late and today is no different with all of the major indexes higher. Both the NASDAQ and S&P have put in fresh near term highs as they get closer to their respective all time highs. The move higher is being fueled in part by better than expected earnings - witness Twitter up a nifty 16% after beating expectations this morning - and as traders start to believe many more companies could beat expectations over the next few weeks. For sure some key stocks are very stretched including three of the four FANG stocks with only Netflix lagging. So we are seeing the power of the large cap tech stocks; they need to thrive in order for the market to thrive. The S&P got as high as 2925 this morning, only 5 points away from its all time high close. if the bulls can clear that level it could help to keep momentum going.
Companies reporting earnings today (April 23)
Before Market Opens:
CIT, KO, FITB, HOG, JBLU, LMT, NUE, PII, PG, PHM, DGX, SHW, STT, TRU, TWTR, UTX and VZ
After Market Closes
EBAY, KALU, SIX, SNAP, SYK, AMTD, TER and TXN
Companies reporting earnings tomorrow (April 24)
Before Market Opens: ,
ANTM, T, BIIB, BA, BCO, CAT, CS, DPZ, DTE, EVR, FLIR, GD, GNTX, KNX, MCO, NDAQ, NSC, NOC, NVS, OC, ROL, SAP, SLAB, SIRI, SWK, TDY, TMO and TUP
After Market Closes:
ALGN, AMP, CMG, CTXS, DRE, FFIV, FB, FBHS, LRCX, LSTR, MSFT, MORN, ORLY, PYPL, RJF, SCI, NOW, TSLA, V and XLNX
ADDITIONS TO WATCH LIST
As a reminder, we sent a link to our Strong Earnings ChartList to all members yesterday. If you are a StockCharts.com Extra level member or higher we are able to share our list with you so all of the stocks are downloaded into your account. If you are an Extra level member or higher and have NOT received our updated list just send us your StockCharts.com User ID and we'll share it with you.
Will keep you posted on any additional additions to the Watch List
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
PANW - Stock is up slightly as it tries to clear its 20 day moving average, currently at $240.91. A close back above that level would be bullish.
Mid Cap Watch List
None
Small Cap Watch List
None
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats