Weekly Picks of Stocks (08/10/2020)

Total corona virus cases pass 5 million in the US stretching its lead in the world as the number one country in terms of infections.

President Trump extended unemployment benefits of $400/week.  This is a $200 reduction from the previous benefit that expired on Aug 1st.

US Inflation report is set to be released this week on Aug 12, 2020.  The pandemic and state the economy will ensure that inflation remains low in the US.

July retail sales numbers will be released by the commerce department this week.  In June the numbers increased above expectations.  How will it be in July?

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 10, 2020 Duke Energy(DUK),Occidental Petroleum(OXY),PPL Corp.(PPL), Randgold Resources(GOLD)
Tuesday, August 11, 2020 NIO(NIO)
Wednesday, August 12, 2020 Cisco(CSCO),BRF S.A.(BRFS), Ultrapar Participacoes(UGP)
Thursday, August 13, 2020 Applied Materials, Inc.(AMAT), Brookfield Asset Management(BAM),Vedanta Ltd(VEDL), IQIYI, INC. ADS(IQ)

The following is a list of stocks for the week of Aug 03, 2020 – Aug 07, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
STRA Strayer Education Aug 06, 2020 Engulfing 27.83

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
LPSN Liveperson Aug 05, 2020 Deliberation 80.62
PDCO Patterson Companies Aug 05, 2020 Hanging Man 77.74
FRPT Freshpet Aug 05, 2020 Upside Gap Two Crows 73.84
VSLR Vivint Solar Inc Aug 06, 2020 Deliberation 77.94
PDCO Patterson Companies Aug 06, 2020 Hanging Man 74.65
TWST Twist Bioscience Corp Aug 06, 2020 Dark Cloud Cover 70.08
HCM Hutchison China MediTech Ltd. Aug 06, 2020 Deliberation 72.6
PFSI PennyMac Financial Aug 07, 2020 Belt Hold 81.52

 

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