EB Watch List Update Report
Dear Members,
KEY EARNINGS REPORTS:
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
Wednesday
ABT, T, AN, BA, CAKE, CTXS, CLGX, DHI, EBAY, EMC, EFX, FFIV, FB, FBP, GNTX, HBAN, KNX, LVS, LHO, MCD, MORN, NLSN, NS, ORLY, OC, PLCM, QCOM, RJF, R, CKH, SIX, SLM, STJ, TROW, TCBI, TXN, KO, TSCO, UHS, XLNX
MARKET NOTE:
It's a mixed picture today with the NASDAQ higher and the Dow lower. It's pretty typical of what we've seen lately; much more interest in tech stocks than blue chip stocks with the NASDAQ back over 5000 and the bulls hoping to see a close above 5026, the most recent high close. Earnings are picking up big time as you can see from the potent lineup above. So the next few days could dictate where the market is heading in the near term with the S&P now in a range of 2119 to the upside and 2086 to the downside.
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
AN - PLEASE NOTE AUTO NATION REPORTS EARNINGS TOMORROW SO IS COMING OFF THE WATCH LIST. BEEN A NICE WINNER!
BA - PLEASE NOTE BOEING REPORTS EARNINGS TOMORROW SO IS COMING OFF THE WATCH LIST
CSCO - Breaking out to six week high with a strengthening MACD
HAR - Stock gapped up above closing resistance at the open and volume looks to be supporting the breakout
MCO - Broke to a fresh high today but on light volume and with a negative divergence. Might be prudent to take some profits off the table.
DATA - Held its 50 day moving average and pushing back towards recent highs
Mid Cap Watch List
GOGO - Volume increasing and a close above $22 would be bullish. Already up 12% since added to the Watch List!
RYL - Bounced off of $46 support yesterday and now testing 20 day ema at $47.61
Small Cap Watch List
RTEC - Up 2.5% but on light volume
DELETIONS FROM OUR WATCH LISTS:
Both AN and BA are being removed from our Watch List as they will be reporting earnings tomorrow. There are no other deletions unless a Watch List stock hits its stop loss.
At your service,
John Hopkins, Earnings Beats