EB Watch List Update Report
Dear Members:
First, please note that today's report is being sent to our regular members as well as a courtesy to those who are also a part of the EarningsBeats.com community.
Also, please note that Tom Bowley's December historical trends blog is now on the site. VERY timely and well worth reading!
MARKET NOTE:
December is off to a positive start with all of the major indexes higher. This in spite of another disappointing economic report earlier this morning. So far the S&P has remained contained below the 2100 level though it got close earlier in the session as it nearly touched 2099. So that brick wall continues to exist, at least for the moment. But, given the positive historical period we are currently in, it would not be surprising to see that 2100 level cleared very soon.
KEY EARNINGS REPORTS
Companies reporting earnings today (December 1) include:
There are no key earnings reports due out today
Companies reporting earnings tomorrow (December 2) include:
AEO, NA.TO, RY.TO and SNPS
ADDITIONS TO WATCH LISTS:
We are adding Juniper Networks (JNPR) to our Large Cap Watch List at the current price (as of this email) of $30.25 with a second entry of $29.66. All other important information, including price target and stop loss, will be added to our site later today.
BRIEF COMMENTS ON SELECT WATCH LIST STOCKS:
Large Cap Watch List
BSX - Stock continues to consolidate and would still like to see it close above $18.40 which would be bullish.
FLEX - Stock is back above its 20 day moving average and a close above $11.44 would be very bullish.
Mid Cap Watch List
EEFT - Stock is down slightly as it nears testing its 50 day moving average, currently at $76.95. This is an important level to hold as a close below that level could take the stock lower.
WYN - Stock made a nice move higher earlier in the session before pulling back close to even. A close back above $77.19 would be bullish.
Small Cap Watch List
IMPV - Stock is lower today but remains above all key technical levels.
INVN - Stock is higher by 1.8% so far today and a close above $11.90 would be very bullish.
SWHC - Stock is flat and needs to close above $18.65 which would be very bullish.
DELETIONS FROM OUR WATCH LISTS:
There are no deletions from the Watch List today unless a Watch List stock closes below the stop loss provided.
At your service,
John Hopkins, EarningsBeats