Weekly Picks of Stocks (11/02/2020)

Nov 3rd Election Day

If you are a citizen please exercise your privilege to vote on Tuesday if you haven’t already voted by mail in ballot.

How will the election affect the markets?

Due to pandemic millions of votes were already casted through mail-in-ballots.  Speculation is that results of the election may take a few days to be announced.  There is also speculation that legal battles will be fought over the results.  All this creates uncertainty and stock markets usually don’t do well with uncertainties.  Past few weeks performance may be a result of the anticipated uncertainty as companies despite beating earnings estimates have had their stock value decline.

Last week we mentioned AMZN, FB, AAPL and GOOG may decline even when they were expected to beat earnings estimate.  All except GOOG declined but GOOG also gave back 1/2 of its intraday gains to close up 3.4% on Friday.

This week Paypal, Square, & Uber will report their earnings.  They are all expected to beat the estimates.  Combined with the uncertainties around the elections and the behavior of the market in the past few weeks short terms traders should expect these stocks decline after they report.

Click on the ticker links below for earnings estimates and whispers on expected earnings.  Another long list this week.

Monday, November 2, 2020
PayPal Holdings, Inc.(PYPL) – After Market
Ingersoll Rand PLC(IR) – After Market
Loews Corp.(L) – Before Market
Transocean(RIG) – After Market
Waste Management Inc.(WM) – Before Market
CDW Corporation(CDW) – Before Market
Horizon Pharma(HZNP) – Before Market
trivago N.V.(TRVG) – After Market
Douglas Emmett(DEI) – After Market
US Foods(USFD) – Before Market
Tuesday, November 3, 2020
Humana Inc.(HUM) – Before Market
Prudential Financial(PRU) – After Market
Athene Holding(ATH) – Before Market
Thomson Reuters(TRI) – Before Market
Wednesday, November 4, 2020
Expedia Group(EXPE) – After Market
Verisk Analytics(VRSK) – After Market
Allstate Corp(ALL) – After Market
Apache Corporation(APA) – After Market
CF Industries Holdings Inc(CF) – After Market
Marathon Oil Corp.(MRO) – After Market
MetLife Inc.(MET) – After Market
Public Storage, Inc.(PSA) – After Market
ACADIA Pharmaceuticals Inc.(ACAD) – After Market
Mannkind(MNKD) – After Market
Wendys(WEN) – Before Market
Zynga Inc(ZNGA) – After Market
Cameco(CCJ) – Before Market
Fidelity Financial(FNF) – After Market
Fitbit, Inc.(FIT) – After Market
Godaddy Inc(GDDY) – After Market
Hilton Worldwide(HLT) – Before Market
Thursday, November 5, 2020
Monster Beverage(MNST) – After Market
T-Mobile US(TMUS) – After Market
American International Group, Inc.(AIG) – After Market
Bristol Myers Squibb(BMY) – Before Market
CIGNA Corp.(CI) – Before Market
Discovery Communications-A(DISCA) – Before Market
Discovery Communications-C(DISCK) – Before Market
Duke Energy(DUK) – Before Market
General Motors(GM) – Before Market
Iron Mountain Incorporated(IRM) – Before Market
Nielsen Holdings(NLSN) – Before Market
NRG Energy, Inc.(NRG) – Before Market
Sempra Energy(SRE) – Before Market
Caesars Entertainment(CZR) – After Market
Groupon Inc(GRPN) – After Market
Office Depot(ODP) – Before Market
Primo Water(PRMW) – Before Market
Zillow(Z) – After Market
Dropbox(DBX) – After Market
ADT Inc.(ADT) – After Market
Endeavour Silver(EXK) – Before Market
Hanesbrands(HBI) – Before Market
Herbalife(HLF) – After Market
Live Nation Entertainment(LYV) – After Market
NewYork Times(NYT) – Before Market
Park Hotels & Resorts(PK) – After Market
Square Inc(SQ) – After Market
Vonage(VG) – Before Market
Uber Technologies Inc(UBER) – After Market
Friday, November 6, 2020
Marriott International, Inc.(MAR) – Before Market
CVS Caremark Corp.(CVS) – Before Market
The Hershey Company(HSY) – Before Market
Icahn Enterprises(IEP) – Before Market
Magna Intl(MGA) – Before Market
ViacomCBS Inc. Class B(VIAC) – Before Market

The following is a list of stocks for the week of Oct 26, 2020 – Oct 30, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
GSX GASCO ENERGY Oct 26, 2020 Piercing Line 28.89
MA Mastercard Inc. Oct 29, 2020 Homing Pigeon 24.44
FTI FMC Technologies Inc. Oct 29, 2020 Piercing Line 29.24
GPN Global Payments Oct 29, 2020 Inverted Hammer 28.42
UGP Ultrapar Participacoes Oct 29, 2020 Piercing Line 26.85

The bearish matches – Overbought RS

Ticker Company Name Date Chart Type RSI
WAL Western Alliance Oct 26, 2020 Harami Cross 73.43
FOLD Amicus Therapeutics Oct 27, 2020 Deliberation 80.86
KOD Kodiak Sciences Inc Oct 27, 2020 Deliberation 90.14
SFIX Stitch Fix Inc Oct 29, 2020 Deliberation 75.88

 

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