Weekly Picks of Stocks (Sep 8, 2020)

All major indices dropped at the end of the week.  Will the slide continue this week?  There wasn’t any bad news that caused this drop.  It looks like profit taking.  If that is the case look for the rebound sometime this week.

Tesla didn’t make the S&P 500 as widely thought.  Consensus is that this will cause a sell-off.  At least until the next earnings season when the rumors of Tesla making it to the S&P 500 should cause it to go up again.

Corporate earning season continues this week.  Will any or some of these lead the rebound or get caught up in the overall sell-off in the market?

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

Tuesday, September 8, 2020
Slack(WORK)
Lululemon Athletica(LULU)
Wednesday, September 9, 2020
American Eagle Outfitters(AEO)
Mei Pharma Inc(MEIP)
Thursday, September 10, 2020
Aurora Cannabis(ACB)
Fuelcell Energy(FCEL)
Oracle Corp.(ORCL)
PELOTON (PTON)
Friday, September 11, 2020
Kroger Co.(KR)

The following is a list of stocks for the week of Aug 31, 2020 – Sep 04, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
GRFS Grifols Aug 31, 2020 Homing Pigeon 26.58

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
TRQ Turquoise Hill Resources Sep 01, 2020 Doji Star 82.07
MRVL Marvell Tech Sep 01, 2020 Deliberation 70.0
YUMC Yum China Holdings Sep 01, 2020 Hanging Man 70.6
GSHD Goosehead Insurance Inc. Class A Common Stock Sep 01, 2020 Deliberation 70.89
RUN Sunrun Inc. Sep 02, 2020 Dark Cloud Cover 71.63
KBR KBR Sep 02, 2020 Hanging Man 70.54
APPN Appian Corporation Sep 02, 2020 Deliberation 75.32
CYRX Cryoport Inc Sep 03, 2020 Breakaway 76.06

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