Weekly Picks of Stocks (July 27, 2020)

There are signs that despite rise in Covid-19 continues the rate is slowing down.  Let’s hope that continues.

Congress is expected to release the details of the stimulus plan this week after discussions last week.  The stimulus is expected to include another round of payments to persons under certain income criteria.  Help is also expected for small businesses affected by the pandemic.

Earning season continues with the following big companies reporting this week.  Companies have been beating the estimates.  But those are pandemic adjusted estimates.  The earnings of companies beating the estimates now have been significantly less than their earnings in second quarter of last year.

Date Tickers
27-Jul-20 SAP, Hasbro (HAS)
28-Jul-20 McDonald’s Corporation (MCD), JetBlue Airways Corporation (JBLU), Amgen (AMGN), EBAY, Visa (V)
29-Jul-20 Automatic Data Processing, Inc. (ADP), Boeing (BA), Facebook, Inc. (FB), Fair Isaac Corporation (FICO)
30-Jul-20 The Procter & Gamble Company (PG), Mastercard (MA), Pfizer Inc. (PFE)
31-Jul-20 Citigroup Inc [C], Exxon Mobil Corporation (XOM)

The following is a list of stocks for the week of Jul 20, 2020 – Jul 24, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
FE First Energy Corp Jul 23, 2020 Homing Pigeon 19.84

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
EBS Emergent Bio Solutions Jul 20, 2020 Dark Cloud Cover 72.92
NTGR Netgear Jul 20, 2020 Deliberation 73.36
MKC McCormick & Co. Jul 22, 2020 Hanging Man 76.52
STC Stewart Info Services Jul 23, 2020 Deliberation 76.4
RUN Sunrun Inc. Jul 24, 2020 Hanging Man 84.89

 

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