Weekly Picks of Stocks (Aug 17, 2020)

Key questions this week.

S&P 500 is very close it’s all time intraday high of 3,393.52 in Feb.  Will the market face resistance at this level or will break through this week?

Economic stimulus package negotiations are still going on between the Republicans and Democrats.  Will this be the week the stimulus is passed?

Retails sales numbers announced last week.

“Retail trade sales were up 0.8 percent (± 0.5 percent) from June 2020, and 5.8 percent (± 0.7 percent) above last year. Non-store retailers were up 24.7 percent (± 1.4 percent) from July 2019, while food and beverage stores were up 11.1 percent (± 0.9 percent) from last year.” – US Department of Commerce (ADVANCE MONTHLY SALES FOR RETAIL AND FOOD SERVICES, JULY 2020)

Some big companies from the retails industry will report their earnings this week.

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

Date Ticker
Monday, August 17, 2020 JD.com(JD)
Tuesday, August 18, 2020 Amcor plc(AMCR), Home Depot(HD), Vedanta Ltd(VEDL), Wal-Mart(WMT)
Wednesday, August 19, 2020 Lowes Cos.(LOW), TJX Companies Inc.(TJX)
Thursday, August 20, 2020 Alibaba(BABA)
Friday, August 21, 2020 Pinduoduo Inc.(PDD)

The following is a list of stocks for the week of Aug 10, 2020 – Aug 14, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SRNE Sorrento Therpt Aug 10, 2020 Deliberation 89.11
WAB Westinghouse Air Brake Aug 10, 2020 Deliberation 71.89
GLIBA Gci Liberty Inc. Cl A Aug 10, 2020 Belt Hold 72.85
TXT Textron Inc. Aug 11, 2020 Dark Cloud Cover 72.98
TKR Timken Aug 11, 2020 Shooting Star 72.61
CW Curtiss-Wright Aug 12, 2020 Upside Gap Two Crows 73.6
DCI Donaldson Aug 12, 2020 Hanging Man 75.48

 

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