EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Monday
None
Tuesday
None
MARKET NOTE:
The market is off to a strong start this morning, particularly the Dow up almost 1.5%. World markets were strong overnight as well with China signalling the possibility of further economic stimulus. Key today will be to see if the bulls can hold these nice early gains into the close. At a minimum the bulls want to see the S&P close over 2070 to regain the technical advantage.
ADDITIONS TO WATCH LISTS:
We have spotted some strong candidates in the large cap, mid cap and small cap space. Full details will be added to our site later today.
Large Cap
CSCO - $140 billion market cap. First entry current price.
PCLN - $59 billion market cap. First entry current price.
LNKD - $31 billion market cap. First entry current price.
Mid Cap
GOGO - $1.6 billion market cap. First entry current price.
ONNN - $5.1 billion market cap. First entry current price.
Small Cap
RTEC - $367 million market cap. First entry current price. Note that volume is lower than most that
make our Watch List so might be subject to additional manipulation
SWHC - $706 million. First entry current price.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Short Watch List:
There are no Short Watch List stocks at this time.
Large Cap Watch List
AN - Up 1.5% today with breakout at 64.52. Like to see an increase in volume.
BA - Nice bounce off the 50 day and close over the 20 day would be bullish
HAR - Consolidation is helping to alleviate some momentum issues
HRS - Another nice day with a close over 78.29 being a break out
Mid Cap
INFN - Up again off recent bounce
KLIC - Close above 15.60 would be good sign in near term
RYL - Breaking out to a new high. Target remains at $51
Small Cap
VDSI - Stock remains well above price support at $21 and is in consolidation mode
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop
Enjoy your weekend!
At your service,
John Hopkins, Earnings Beats