EB Watch List Update Report

Dear Members, KEY EARNINGS REPORTS: Monday: BBT, CMG, GPC, HAL, HAS, NFLX, STI, TXN MARKET NOTE: Nice rebound day today after yesterday's selling. The NASDAQ led the way lower yesterday and is leading the way higher today. The buying today is well rounded with all of the major sectors in positive territory. Both the NASDAQ and S&P have risen back above their respective 20 day moving averages after closing below yesterday. Earnings overall continue to please the market and we'll get a whole new batch come next week. Historically, we're entering a period (July 17 - September 27) that generally produces the worst equity performance of the calendar year. Please be careful. ADDITIONS TO WATCH LISTS: There are no additions to our Watch Lists today. BRIEF COMMENTS ON SELECT WATCH LIST STOCKS: Short Watch List: No significant changes today. Large Cap Watch List: NVDA - Stock is lower by almost 4% today on heavy volume. A close below 18.80 could put the stock in a position to move lower. FLEX - Up close to 1.9% as it moves back above its 20 day moving average. A close above 10.94 would be bullish. HSP - Up 1% for the day, slightly above its 50 day moving average of 50.13. Mid Cap Watch List: GRPN - Got as low as 6.16 before bouncing, now up over 2% for the session. Our Closing Stop remains at 6.20. PAY - Up nearly 2.25%, out performing the overall market today. Small Cap Watch List: There are no Small Cap Watch List stocks at this time. DELETIONS FROM OUR WATCH LISTS: There are no deletions today unless closing stops are violated. Happy trading! Tom Bowley Chief Equity Strategist EarningsBeats.com