Weekly Picks of Stocks (10/19/2020)

Q3 Earnings season is in full swing this week.  Lots for financial and tech companies will report.  Big ones include Netflix, Tesla, Coca Cola and Verizon. 

Last week financial companies earnings mostly beat analysts estimates despite the increase in Q3 analyst expectations and Covid-19.  However, overall markets ended the week flat. 

The upcoming tech earnings and how the market behaves could serve as a good indicator of how the market will behave in the following weeks as more tech companies report.  

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

Monday, October 19, 2020
Cadence Design Systems, Inc.(CDNS) – After Market
Enterprises Financial Services(EFSC) – After Market
Halliburton Co.(HAL) – Before Market
International Business Machines Corporation(IBM) – After Market
Zions Bancorp(ZION) – After Market
Tuesday, October 20, 2020
Ameriserv Financial(ASRV) – Before Market
CNB Financial(CCNE) – After Market
Comerica Inc.(CMA) – Before Market
Commerce Bancshares(CBSH) – Before Market
First Midwest Bancorp(FMBI) – After Market
Fulton Financial(FULT) – After Market
Health Care Services Group(HCSG) – After Market
HempCoin(THC) – After Market
Irobot(IRBT) – After Market
Lockheed Martin Corp.(LMT) – Before Market
Netflix(NFLX) – After Market
Pentair Ltd.(PNR) – Before Market
Peoples Bancorp (Marietta)(PEBO) – Before Market
Philip Morris International(PM) – Before Market
Pinnacle Financial Partners(PNFP) – After Market
Regions Financial Corp.(RF) – Before Market
Snap Inc.(SNAP) – After Market
Synchrony Financial(SYF) – Before Market
Tenet Healthcare Corp.(THC) – After Market
Teradyne(TER) – After Market
Texas Instruments, Inc.(TXN) – After Market
Travelers Companies Inc(TRV) – Before Market
UBS Group(UBS) – Before Market
Wednesday, October 21, 2020
Abbott Labs(ABT) – Before Market
Armstrong Flooring(AFI) – Before Market
AutoNation Inc(AN) – Before Market
Avery Dennison Corp(AVY) – Before Market
Biogen, Inc(BIIB) – Before Market
Boston Private Financial(BPFH) – After Market
Chipotle Mexican Grill(CMG) – After Market
Community Trust Bancorp(CTBI) – Before Market
CSX Corporation(CSX) – After Market
Discover Financial Services(DFS) – After Market
Equifax Inc.(EFX) – After Market
Ericsson Telephone(ERIC) – Before Market
Flagstar Bancorp(FBC) – Before Market
Las Vegas Sands(LVS) – After Market
Netgear(NTGR) – After Market
NextEra Energy(NEE) – Before Market
Silgan Holdings(SLGN) – Before Market
SL Green(SLG) – After Market
Teledyne Technologies(TDY) – Before Market
Tesla, Inc.(TSLA) – After Market
The First Bancorp(FNLC) – After Market
Travelzoo(TZOO) – Before Market
Umpqua Holdings(UMPQ) – After Market
Verizon(VZ) – Before Market
Whirlpool Corp.(WHR) – After Market
Thursday, October 22, 2020
Alaska Air(ALK) – Before Market
American Airlines Group(AAL) – Before Market
Ameris Bancorp(ABCB) – After Market
AT&T Inc(T) – Before Market
BJS Restaurants(BJRI) – After Market
Capital One Financial(COF) – After Market
Check Point Software Technologies Ltd.(CHKP) – Before Market
Citrix Systems, Inc.(CTXS) – Before Market
Coca Cola(KO) – Before Market
Coinstar(CSTR) – After Market
Dow Chemical(DOW) – Before Market
East West Bancorp(EWBC) – Before Market
eHealth(EHTH) – After Market
EquiTrader(EQT) – Before Market
Fifth Third Bancorp(FITB) – Before Market
First American(FAF) – Before Market
First Financial Bancorp(FFBC) – After Market
FirstEnergy Corp(FE) – After Market
Huntington Bancshares(HBAN) – Before Market
Intel(INTC) – After Market
KB Financial(KB) – Before Market
M&T Bank Corp.(MTB) – Before Market
Manhattan Associates(MANH) – After Market
Mattel Inc.(MAT) – After Market
Northrop Grumman Corp.(NOC) – Before Market
Nucor Corp.(NUE) – Before Market
Penske Automotive(PAG) – Before Market
Peoples United Bank(PBCT) – After Market
Pulte Homes Inc.(PHM) – Before Market
Quest Diagnostics(DGX) – Before Market
Robert Half International(RHI) – After Market
SCP Pool(POOL) – Before Market
Sirius XM Radio, Inc.(SIRI) – Before Market
Snap On Inc.(SNA) – Before Market
Southwest Airlines(LUV) – Before Market
Union Pacific(UNP) – Before Market
Valero Energy(VLO) – Before Market
Verisign Inc.(VRSN) – After Market
W.W. Grainger, Inc.(GWW) – Before Market
Western Alliance(WAL) – After Market
Friday, October 23, 2020
Altra Holdings(AIMC) – Before Market
American Express(AXP) – Before Market
First Hawaiian Inc(FHB) – Before Market
United Bankshares(UBSI) – Before Market

The following is a list of stocks for the week of Oct 12, 2020 – Oct 16, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
VEDL Vedanta Ltd Oct 13, 2020 Homing Pigeon 23.21

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
PACB Pacific Biosciences Oct 12, 2020 Dark Cloud Cover 80.63
NVCR NovoCure Limited Oct 12, 2020 Dark Cloud Cover 80.82
CDNA CareDx, Inc Oct 12, 2020 Dark Cloud Cover 81.9
GPI Group 1 Automotive Oct 12, 2020 Three Outside Down 74.39
UI Ubiquiti Networks Oct 12, 2020 Hanging Man 71.29
ORA Ormat Oct 13, 2020 Shooting Star 79.61
APAM Artisan Partners AM Oct 13, 2020 Deliberation 76.96
EGO Eldorado Gold Corporation Oct 14, 2020 Deliberation 74.15
TPTX Turning Point Therapeutics Inc Oct 14, 2020 Belt Hold 78.7
CCK Crown Holdings, Inc. Oct 16, 2020 Doji Star 71.8

Weekly Picks of Stocks (Sep 14, 2020)

Nasdaq dropped slightly over 4% last week.  For those of you interested in stats that’s the most since March following Covid-19 shutdowns. Will the correction continue this week?  There isn’t any news expected to suggest otherwise.  Best to prepare for a sideways moving market at least until the next earnings season or if the Fed pushes another relief package.

There is an Apple event on Sept 15.  This is when they typically announce new phones.  However, this year no significant news is expected from this event.  Apple is down 18% from their highs after the 4:1 split.

Corporate earning season continues this week.

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

Monday, September 14, 2020
Lennar Corp.LEN)
Tuesday, September 15, 2020
Adobe Systems Incorporated(ADBE)
FedEx Corporation(FDX)

The following is a list of stocks for the week of Sep 08, 2020 – Sep 11, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
SU Suncor Energy Sep 09, 2020 Homing Pigeon 28.75
FANG Diamondback Energy Inc Sep 09, 2020 Homing Pigeon 26.16
CPB Campbell Soup Sep 09, 2020 Homing Pigeon 28.55
WBA Walgreens Boots Alliance, Inc. Sep 11, 2020 Doji Star, Homing Pigeon 24.45
CIEN Ciena Corp Sep 11, 2020 Harami 23.04
LITE Lumentum Holdings Inc. Sep 11, 2020 Homing Pigeon 26.92

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
None

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

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

 

Weekly Picks of Stocks (08/24/2020)

Key reports to watch out for this week:

Consumer Confidence Report will be published on Aug 25, 2020 (or every last Tuesday of the month). In July the number was 92.6.  For reference last Aug the number was 128.

Gross Domestic Product Q2 2nd revision will be released on Aug 27, 2020.

Corporate earning season continues and some big companies from the Technology sector will report their earnings this week.

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

Date Tickers
Tuesday, August 25, 2020 Autodesk, Inc.(ADSK), Intuit, Inc.(INTU), Best Buy Co. Inc.(BBY), Hormel Foods Corp.(HRL), Medtronic Inc.(MDT), Nordstrom(JWN), Salesforce.com(CRM),
Smucker(SJM), Hewlett Packard(HPE),
Toll Brothers(TOL)
Wednesday, August 26, 2020 NetApp(NTAP), Splunk Inc(SPLK), Box Inc(BOX),
Eaton Vance(EV)
Thursday, August 27, 2020 Dollar Tree, Inc.(DLTR), Workday, Inc.(WDAY), Dollar General(DG), The Gap, Inc.(GPS), HP Inc.(HPQ), Tiffany & Co.(TIF), Marvell Tech(MRVL), Okta, Inc.(OKTA), Coty Inc(COTY), Dell Tech(DELL),
Frontline(FRO), VMware, Inc.(VMW)

The following is a list of stocks for the week of Aug 17, 2020 – Aug 21, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
None

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
AAP Advance Auto Parts Aug 18, 2020 Belt Hold 75.41
NPO Enpro Industries Aug 18, 2020 Hanging Man 70.95
AZRE Azure Power Global Aug 18, 2020 Hanging Man 78.95
PLUG Plug Power Inc. Aug 20, 2020 Hanging Man 75.27
JD JD.com Aug 21, 2020 Deliberation 75.78
TPTX Turning Point Therapeutics Inc Aug 21, 2020 Hanging Man 70.3

 

Weekly Picks of Stocks (July 13, 2020)

The following is a list of stocks for the week of Jul 06, 2020 – Jul 10, 2020 that show bullish and bearish trends.

Second quarter earnings start this week.  Prominent companies reporting in are Netflix(NFLX: $1.81/share expected), UnitedHealth Group (UNH: $5.18/share expected) and Delta Airlines (DAL: -4.12/share expected).

Will earnings or record Covid-19 cases in some states dictate the markets this week?

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
CACI CACI International Inc Jul 10, 2020 Piercing Line 27.9

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SHOP Shopify Inc Jul 06, 2020 Upside Gap Two Crows 71.28
MELI MercadoLibre Jul 08, 2020 Hanging Man 72.91
HMY Harmony Gold Mining Jul 09, 2020 Dark Cloud Cover 76.99
BZUN Baozun Inc. Jul 09, 2020 Dark Cloud Cover 73.86
BZUN Baozun Inc. Jul 09, 2020 Belt Hold 73.86
MELI MercadoLibre Jul 09, 2020 Hanging Man 73.4
HCM Hutchison China MediTech Ltd. Jul 09, 2020 Hanging Man 78.91

 

Weekly Picks of Stocks (July 06, 2020)

The following is a list of stocks for the week of Jun 29, 2020 – Jul 02, 2020 that show bullish and bearish trends.

Without major financial news expected this week rising Covid-19 cases is expected to be in forefront for investors.  Decline in unemployment numbers and better than expected number of jobs added propelled major indices into the green last week.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
MSG Madison Square Garden Jun 29, 2020 Harami 29.65
ATEX Pdvwireless Jun 30, 2020 Piercing Line 29.11

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
ALT Altimmune, Inc. Jun 29, 2020 Upside Gap Two Crows 74.12
DSKE Daseke Inc Jun 29, 2020 Deliberation 79.1
EXPI Exp Realty Internati Jun 30, 2020 Hanging Man 85.56
GDOT Green Dot Jul 01, 2020 Deliberation 74.98
SA Seabridge Gold Jul 01, 2020 Hanging Man 71.1
MED Medifast Jul 01, 2020 Deliberation 76.76
CLCT Collectors Universe Jul 01, 2020 Three Inside Down 70.41
LRN K12 Jul 02, 2020 Deliberation 77.17

 

Weekly Picks of Stocks (June 29, 2020)

All 3 major indices(Dow Jones, S&P500 & Nasdaq) closed down last week.  Several states(Texas, Arizona, California, Florida and Nevada) showed sharp spike in their Covid-19 cases.  As a country US reported the highest daily cases the past week.

Experts claim this is not due to increased testing.  As a result those states are either re-closing the businesses or pausing their re-opening all together.

The increase was widely seen as the reason for the decline the past week.  Although most states are showing a decline in Covid-19 cases.

This week June’s jobs numbers will be released on Thursday.  Consensus is that it will show more jobs were added in June compared to May.  Unemployment numbers are also expected to decline.

What will the investors value this week?  Job or Covid-19 numbers?

Check our Top 5 stocks from the Energy Sector or Communications Sector for some ideas.

The following is a list of stocks for the week of Jun 22, 2020 – Jun 26, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
GILT Gilat Satellite Networks Jun 25, 2020 Hammer 27.8
THS Treehouse Foods Jun 26, 2020 Harami 28.86

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
BMRN BioMarin Pharmaceutical, Inc. Jun 22, 2020 Harami Cross 72.99
ACTG Acacia Research Jun 22, 2020 Hanging Man 74.31
AGTC Applied Genetic Technologies Corporation Jun 23, 2020 Hanging Man 77.14
CLCT Collectors Universe Jun 23, 2020 Belt Hold 75.21
CLCT Collectors Universe Jun 24, 2020 Three Outside Down 71.77
NVAX Novavax, Inc. Jun 26, 2020 Evening Star 74.21

 

Weekly Picks of Stocks (Jun 22, 2020)

The following is a list of stocks for the week of Jun 15, 2020 – Jun 19, 2020 that show bullish and bearish trends.

Following a nice gain on Monday last week the Dow 30 Index remained flat the rest of the week.  The Covid-19 cases are increasing in some of the states that re-opened their economies.  Some of the increases are not reflective of more testing. 

Real estate market data for May will be released this week.  The numbers are expected to lower than May last year but higher than April, 2020.   Will this offset the Covid-19 fears this week?

As for retail, NKE(Nike) will announce their earnings this week.  As with all retail for this quarter NKE earnings are expected to be down.   However, re-opening of the economy will benefit NKE in Q2.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
EE El Paso Electric Jun 16, 2020 Ladder Bottom 26.16

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SE Spectra Energy Corp. Jun 16, 2020 Hanging Man 77.37
NVAX Novavax, Inc. Jun 19, 2020 Deliberation 75.6
WIX Wix.Com Ltd Jun 19, 2020 Deliberation 73.29

 

Weekly Picks of Stocks (June 15, 2020)

The following is a list of stocks for the week of Jun 08, 2020 – Jun 12, 2020 that show bullish and bearish trends.

Based on our analysis, trader trend is still bearish despite the increase in the overall markets on Friday after the Dow Jones index dropped almost 2000 points on Thursday.  We noticed the same 2 weeks prior as well.

Last week we noted LULU was showing bearish trend and they were scheduled to release their earning on Thursday.  The earnings came low, as expected.  Since our blog last Monday LULU has dropped 8%.  If you didn’t short this company last week it may be good to look for an opportunity to go long now.  Their income will go back up as re-opening of the economy in the US is well underway.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
None

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
PE Parsley Energy Jun 08, 2020 Hanging Man 79.83
DVN Devon Energy Corp. Jun 08, 2020 Hanging Man 72.01
SBRA Sabra Health Care Reit Jun 08, 2020 Deliberation 76.0
WMS ADS Jun 08, 2020 Upside Gap Two Crows 72.86
HAL Halliburton Co. Jun 09, 2020 Hanging Man 71.29
TECK Teck Resources B Jun 09, 2020 Hanging Man 70.0
ENBL Enable Midstream Partners, LP Jun 09, 2020 Evening Star 73.22