EB Watch List Update Report
Dear Members:
Market Update
The market got off to a sluggish start but that didn't last long with all of the major indexes now higher. The fact that the market is technically overbought doesn't seem to bother anyone with total focus now on earnings results. And quite a few stocks have already beaten expectations with a ton of heavyweights still set to report over the next few weeks, including Facebook and Microsoft - the second largest market cap company in the world - revealing numbers tonight. The S&P has now moved within just a few points of its all time high of 2940.91 that was last seen September 21, 2018. Clearing that number would give the bulls something new to aim for. But the bears also know what is at stake even though up to now they've been held in check. Not much more to say for now; the bulls are in complete control. Until we see something that changes the current narrative the market continues to favor the long side.
Companies reporting earnings today (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
Companies reporting earnings tomorrow (April 25)
Before Market Opens: ,
MMM, ALXN, MO, BCS, BAX, BWA, BMY, CMCSA, DHI, GRA, HESS, HBAN, ITW, IP, LAZ, MMC, MAS, NOK, PAG, RTN, RS, ROK, ROP, SSTK, LUV, TSCO, UBS, UPS, VLO, VC, WM, WWE and XRX
After Market Closes:
AFL, AMZN, BMRN, COF, CERN, COLM, CUBE, CY, DFS, F, GRUB, ILMN, INTC, JNPR, MAT, MHK, PFG, SFLY, SBUX, UHS,and VRSN
ADDITIONS TO WATCH LIST
Will keep you posted on any additional additions to the Watch List. Need to be very selective here with the market stretched as it approaches MAJOR resistance.
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
PANW - Stock is up slightly as it moves back above all key technical levels. Next key level of resistance is just above $246 then $249.
Mid Cap Watch List
None
Small Cap Watch List
None
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats