Weekly Picks of Stocks (Aug 03, 2020)

Covid-19 rates continue to decline in some states but in others mainly in CA they continue to rise.  How has the job market reacted to this?  We’ll know this Friday as July’s job will be released on Friday Aug 7, 2020 by the US Labor Department.

Congress in the meantime continues to debate the next stimulus package.  Democrats want a $3T package and extension to the $600/Week unemployment benefits as the 1st one expired last Friday.  Republicans want a $1T package but limitations on the extension to the unemployment benefits.  The decision is supposed to be between Aug 10 – Sept 6.  Will both parties close the gap in their relief packages and reach a decision by then?

Earnings season continues.  Here are some of the big companies that will report their Q2 earnings this week.

Click on the ticker links below for earnings estimates and whispers on expected earnings.

Date Tickers
Monday, August 3, 2020 MPLX(Mplx Lp)
AIG(American International Group, Inc.)
Tuesday, August 4, 2020 ATVI(Activision Blizzard)
DIS(Disney)
Wednesday, August 5, 2020 CVS(CVS Caremark Corp.)
ADT(ADT Inc.)
MET(MetLife Inc.)
MRO(Marathon Oil Corp.)
Thursday, August 6, 2020 BMY(Bristol-Myers Squibb)
TMUS(T-Mobile US)
Friday, August 7, 2020 VEDL(Vedanta Ltd)

The following is a list of stocks for the week of Jul 27, 2020 – Jul 31, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
EHTH eHealth Jul 30, 2020 Piercing Line 28.04

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
KMB Kimberly-Clark Jul 30, 2020 Hanging Man 73.29
ROP Roper Industries Jul 30, 2020 Harami Cross 70.04
CDNS Cadence Design Systems, Inc. Jul 31, 2020 Hanging Man 75.52
FR First Industrial RT Jul 31, 2020 Hanging Man 75.33
STAG STAG Industrial Jul 31, 2020 Hanging Man 70.54
SPB Spectrum Brands Jul 31, 2020 Deliberation 73.49
SSTK Shutterstock, Inc. Jul 31, 2020 Deliberation 89.73
EPAM EPAM Systems Jul 31, 2020 Hanging Man 72.99
AZO AutoZone Inc Jul 31, 2020 Hanging Man 72.11

 

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