Weekly Picks of Stocks (Aug 30, 2020)

Some events and questions for this week.

Apple(AAPL) 4 for 1 and Tesla(TSLA) 5 for 1 will split on Monday by market open.  Will this increase the price of these stocks this week as the price makes it attractive for more investors?  Will be they be significant enough to move the price up?  Or will profit takers move the price down?

Nasdaq and S&P 500 have been closing at all time highs while the Dow 30 index has erased all the losses caused by the Covid-19 pandemic.  What will cause the next correction and when will it be?

Corporate earning season continues this week.

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

Earnings Announcement Date Companies
Monday, August 31, 2020 ZOOM VIDEO CMTS CM A ZM
Tuesday, September 1, 2020 Block H&R HRB
Wednesday, September 2, 2020 Macy’s, Inc. M, Copart, Inc. CPRT
Thursday, September 3, 2020 Broadcom Inc. AVGO, Campbell Soup CPB,  Momo Inc. MOMO, The Michaels Companies MIK, DocuSign, Inc. DOCU
Friday, September 4, 2020 Vedanta Ltd VEDL

The following is a list of stocks for the week of Aug 24, 2020 – Aug 28, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
MNRO Monro Muffler/Brake Aug 24, 2020 Ladder Bottom 29.11
RETA Reata Pharmaceuticals Inc Aug 25, 2020 Harami 27.46
STRA Strayer Education Aug 25, 2020 Harami 23.03
OPK OPKO Health Aug 28, 2020 Homing Pigeon 29.87

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
EXPI Exp Realty Internati Aug 24, 2020 Three Inside Down 71.23
NOMD Nomad Foods Aug 24, 2020 Hanging Man 75.3
TXRH Texas Roadhouse Aug 24, 2020 Hanging Man 70.06
MTLS Materialise NV Aug 24, 2020 Deliberation 71.31
JD JD.com Aug 27, 2020 Upside Gap Two Crows 77.29
CRM Salesforce.com Aug 28, 2020 Harami Cross 81.92

 

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