EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
Monday
CHKP, HAL, HAS, IBM, LRCX, MTB, MS, NVR, RMBS, RCL, STLD, STI,
Tuesday
AMGN, BHI, BRCM, CMG, CREE, DFS, EWBC, FITB, GCI, HOG, ILMN, LMT, MAN, MTG, NBR, NAVI, NTRS, NVR, SYK, SNV, TCB, AMTD, UA, UTX, VZ, VMW, YHOO, YUM
MARKET NOTE:
The market is in a much better mood this morning, especially compared to Friday's drubbing. It's helped that China announced some aggressive economic stimulus plans. The market has pretty much recouped the losses from Friday and its coming at a time when earnings season is going to kick into high gear. The bulls know they need to hold the gains into the close if they hope to have a shot at revisiting the all time high of 2119 on the S&P. First step is a close above 2108. To the downside if we see any selling 2088 will need to hold if the bulls want to maintain the technical advantage.
ADDITIONS TO WATCH LISTS:
No additions today
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 - Up almost 2.5% and looks like is squeezing in a bullish symmetrical triangle which is bullish
HAR - Up over 4% with on strong volume with breakout at $142.43
HRS - Bouncing off of initial 20 day EMA support
Mid Cap Watch List
RYL - Hovering just above $46 price support
Small Cap Watch List
RTEC - Up nearly 2% after holding recent price support
DELETIONS FROM OUR WATCH LISTS:
There are no deletions unless a Watch List stock hits its stop loss.
At your service,
John Hopkins, Earnings Beats