EB Watch List Update Report
Dear Members.
Good morning!
Market Update:
It's not Monday; it just FEELS like Monday as we begin a new trading day, week and month, with all of the major indexes lower. Right from the opening bell stocks have been under pressure. Blame tariffs; blame a contracting Manufacturing report; blame September, a historically rough month for the market. Whatever the case traders are in a selling mood with all of the major indexes now back below their respective 20 and 50 day moving averages, turning the technical advantage back over to the bears. We've also got the VIX back over 20; increased fear into the new month. So what's next? First, the 20 day on the S&P is just beneath 2907, so that's a key level to watch. Next, with the VIX back over 20 it could be hard to convince traders to put additional capital to work. Accordingly it continues to make sense to wait for even cheaper prices or a recovery strong enough that takes some of the risk out of being long the market.
Companies reporting earnings today (September 3)
Before Market Opens:
COUP and HQY
After Market Closes
None
Companies reporting earnings tomorrow (September 4)
Before Market Opens:
AEO
After Market Closes:
CPRT, DT, MDB, PANW, PVTL, WORK, SMAR and VRNT
STRONG EARNINGS CHARTLIST/TOP 10 STOCK PICK PORTFOLIOS/ADDITIONS TO WATCH LIST
We will continue to be very selective on individual trade alerts and we will keep you posted on any new additions to the Watch List.
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
None
Medium Cap Watch List
None
Small Cap Watch List
None
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats.com Better Timing. Better Trades.