Weekly Picks of Stocks (09/21/2020)

Nasdaq continued to slide last week.  It has dropped just under 10% in first 3 weeks for September.  Apple, Google, Facebook, Netflix and Amazon have all lead the way.  Tesla on the other hand has been going up despite not getting into the S&P500.  This may be largely due to ‘Battery Day’ on Sept 22 when Tesla will unveil their new battery.  The expectations are high for this announcement.  Will it be the news that  shifts the market in bulls favor?

Corporate earning season continues this week.  Some big companies(Nike, Costco, & Carmax) are reporting.  Last week FDX and ADBE better than expected earnings did not help those stocks.  They instead were dragged down by the overall market.  Will it be different this week?  Nike, Costco & Carmax are expected to beat the estimates.

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

Earnings Date Company
Tuesday, September 22, 2020 Aurora Cannabis(ACB)
NIKE, Inc.(NKE)
AutoZone(AZO)
Wednesday, September 23, 2020 Cintas Corporation(CTAS)
General Mills(GIS)
Thursday, September 24, 2020 Accenture(ACN)
Carmax Inc(KMX)
Costco Wholesale Corporation(COST)
Friday, September 25, 2020 Carnival Corp.(CCL)

The following is a list of stocks for the week of Sep 14, 2020 – Sep 18, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
CIEN Ciena Corp Sep 14, 2020 Three Inside Up 26.7
KMPR Kemper Sep 16, 2020 Harami 27.46
SHEN Shenandoah Telecom Sep 16, 2020 Inverted Hammer 28.84
FOXF Fox Factory Holding Corp Sep 17, 2020 Engulfing 26.31

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
NVCR NovoCure Limited Sep 16, 2020 Deliberation 87.18
APPS Digital Turbine Sep 18, 2020 Deliberation 74.95
TRTN Triton Int Sep 18, 2020 Deliberation 82.04

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