EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Wednesday
APOL, FUL, PVH, RHT
Thursday
ACN, CAG, LULU,
MARKET NOTE:
The bulls continue to struggle to get any traction here; just nothing standing out as a reason for traders to get aggressively long. Durable goods came out weaker than expected while US crude inventories continued to rise. All of the major indexes are hanging out near their respective 20 day moving averages. So at least for the moment the bulls have the technical advantage. That would change if the S&P closes below 2085.
ADDITIONS TO WATCH LISTS:
There are no additions to the Watch List.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Short Watch List:
There are no Short Watch List stocks at this time.
Large Cap Watch List
BA - getting close to recent price support near $150
HRS - Challenging recent lows as it continues to consolidate
DATA - Moving down closer to bottom of its range; would like to see it hold its 50 day moving average near 91.50.
Mid Cap
INFN - Short term price support is 17.84 which might not be a bad place to considering entering
Small Cap
VDSI - Stock continues to struggle as it remains below important moving averages. Should have strong price support near $21.
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop
At your service,
John Hopkins, Earnings Beats