EB Watch List Update Report
Dear Members.
Good morning!
First, mark your calendars for next Monday, September 9, when we'll be hosting a webinar, "Sneak Preview: The New and Improved EarningsBeats.com" to explain how our product and service offerings going forward can benefit you and as Tom Bowley transitions back to EarningsBeats.com.
Market Update:
The bulls should be quite pleased today with all of the major indexes higher and as they move back above all key technical levels in unison. The VIX is lower by over 8% as it moves back below all key technical levels as traders cheer the possibility of a trade war truce with China. Naturally the skeptics will wonder if the early gains will hold or will we see another bout of selling on the rally? Of course it's possible but the bulls will point to the fact that they have now regained the technical control. It is impressive that the S&P is now one more day like today away from getting back to its all time high when less than two weeks ago the bears were painting a pretty bleak picture. But all of the sudden we have a new trading range on the S&P of 2945 to the downside (the 50 day) and 3027, the all time high. But first the bulls will need to clear the 3000 level and they need to hold on to the bulk of today's gains if they hope to get more traders off the sidelines. But at least for today the bulls can claim full bragging rights and now we'll see if they can build on this positive momentum into the close.
Companies reporting earnings today (September 5)
Before Market Opens:
CIEN and DCI
After Market Closes
DOCU, GWRE, LULU, MDLA, PD, SAIC and ZOOM
Companies reporting earnings tomorrow (September 6)
Before Market Opens:
None
After Market Closes:
None
STRONG EARNINGS CHARTLIST/TOP 10 STOCK PICK PORTFOLIOS/ADDITIONS TO WATCH LIST
We will keep you posted on updates to the Strong Earnings ChartList. In addition we will be posting the performance of the Top 10 Stock Picks portfolios on a weekly basis starting tomorrow.
We issued a long alert on CECO yesterday with additional details below. 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
CECO - We added this stock to the Watch List yesterday and it is higher today by 3%. It would be bullish if the stock closes above its 20 day moving average, currently at $20.79.
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats.com Better Timing. Better Trades.