Weekly Picks of Stocks (Aug 03, 2020)

Covid-19 rates continue to decline in some states but in others mainly in CA they continue to rise.  How has the job market reacted to this?  We’ll know this Friday as July’s job will be released on Friday Aug 7, 2020 by the US Labor Department.

Congress in the meantime continues to debate the next stimulus package.  Democrats want a $3T package and extension to the $600/Week unemployment benefits as the 1st one expired last Friday.  Republicans want a $1T package but limitations on the extension to the unemployment benefits.  The decision is supposed to be between Aug 10 – Sept 6.  Will both parties close the gap in their relief packages and reach a decision by then?

Earnings season continues.  Here are some of the big companies that will report their Q2 earnings this week.

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

Date Tickers
Monday, August 3, 2020 MPLX(Mplx Lp)
AIG(American International Group, Inc.)
Tuesday, August 4, 2020 ATVI(Activision Blizzard)
DIS(Disney)
Wednesday, August 5, 2020 CVS(CVS Caremark Corp.)
ADT(ADT Inc.)
MET(MetLife Inc.)
MRO(Marathon Oil Corp.)
Thursday, August 6, 2020 BMY(Bristol-Myers Squibb)
TMUS(T-Mobile US)
Friday, August 7, 2020 VEDL(Vedanta Ltd)

The following is a list of stocks for the week of Jul 27, 2020 – Jul 31, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
EHTH eHealth Jul 30, 2020 Piercing Line 28.04

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
KMB Kimberly-Clark Jul 30, 2020 Hanging Man 73.29
ROP Roper Industries Jul 30, 2020 Harami Cross 70.04
CDNS Cadence Design Systems, Inc. Jul 31, 2020 Hanging Man 75.52
FR First Industrial RT Jul 31, 2020 Hanging Man 75.33
STAG STAG Industrial Jul 31, 2020 Hanging Man 70.54
SPB Spectrum Brands Jul 31, 2020 Deliberation 73.49
SSTK Shutterstock, Inc. Jul 31, 2020 Deliberation 89.73
EPAM EPAM Systems Jul 31, 2020 Hanging Man 72.99
AZO AutoZone Inc Jul 31, 2020 Hanging Man 72.11

 

Weekly Picks of Stocks (July 27, 2020)

There are signs that despite rise in Covid-19 continues the rate is slowing down.  Let’s hope that continues.

Congress is expected to release the details of the stimulus plan this week after discussions last week.  The stimulus is expected to include another round of payments to persons under certain income criteria.  Help is also expected for small businesses affected by the pandemic.

Earning season continues with the following big companies reporting this week.  Companies have been beating the estimates.  But those are pandemic adjusted estimates.  The earnings of companies beating the estimates now have been significantly less than their earnings in second quarter of last year.

Date Tickers
27-Jul-20 SAP, Hasbro (HAS)
28-Jul-20 McDonald’s Corporation (MCD), JetBlue Airways Corporation (JBLU), Amgen (AMGN), EBAY, Visa (V)
29-Jul-20 Automatic Data Processing, Inc. (ADP), Boeing (BA), Facebook, Inc. (FB), Fair Isaac Corporation (FICO)
30-Jul-20 The Procter & Gamble Company (PG), Mastercard (MA), Pfizer Inc. (PFE)
31-Jul-20 Citigroup Inc [C], Exxon Mobil Corporation (XOM)

The following is a list of stocks for the week of Jul 20, 2020 – Jul 24, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
FE First Energy Corp Jul 23, 2020 Homing Pigeon 19.84

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
EBS Emergent Bio Solutions Jul 20, 2020 Dark Cloud Cover 72.92
NTGR Netgear Jul 20, 2020 Deliberation 73.36
MKC McCormick & Co. Jul 22, 2020 Hanging Man 76.52
STC Stewart Info Services Jul 23, 2020 Deliberation 76.4
RUN Sunrun Inc. Jul 24, 2020 Hanging Man 84.89

 

Weekly Picks of Stocks (July 20, 2020)

Congress comes back this week after a 2 week break.  Discussions expected this week for another stimulus to help individuals and businesses affected by the pandemic.

Covid-19 infections and death continue to rise in the US.  Over 140,000 people are dead from this infection.  Major pharmaceutical companies Johnson & Johnson, Merck, Pfizer, Moderna & Aztrazaneca are set to testify in front of congress regarding their work in developing a vaccine for Covid-19.

Earnings seasons continues this week.  Some noteworthy companies are listed below.

Date Tickers
20-Jul-20 Halliburton (HAL), IBM
21-Jul-20 UBS, United Airlines (UAL)
22-Jul-20 Chipotle (CMG), Tesla (TSLA)
23-Jul-20 American Airlines (AAL), Cintas (CTAS)
24-Jul-20 Verizon (VZ), American Express Company (AXP)

The following is a list of stocks for the week of Jul 13, 2020 – Jul 17, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
JCOM J2 Global Communications Jul 14, 2020 Harami 24.15

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
HLF Herbalife Jul 14, 2020 Hanging Man 71.27
PKI Perkin Elmer Jul 16, 2020 Hanging Man 70.55
RUN Sunrun Inc. Jul 17, 2020 Deliberation 89.8

 

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

 

Weekly Picks of Stocks (June 08, 2020)

The following is a list of stocks for the week of Jun 01, 2020 – Jun 05, 2020 that show bullish and bearish trends.

2.5 million jobs were added in May. The unemployment was down to 13.3% instead of the expected 20%.

Markets responded positively. The Dow Jones gained close to 7%, S&P 500 was up 5% and Nasdaq was 3.5% for the week.

Despite that we found a few stocks that are showing bearish signals this week.

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
TYL Tyler Technologies Jun 02, 2020 Hanging Man 73.03
LULU Lululemon Athletica Jun 03, 2020 Deliberation 83.73
UAL United Continental Holdings Jun 05, 2020 Belt Hold 74.15
DAL Delta Air Lines Jun 05, 2020 Belt Hold 75.25
JCI Johnson Controls Jun 05, 2020 Deliberation 75.0
CBRE CBRE A Jun 05, 2020 Deliberation 73.9
BAP Credicorp Jun 05, 2020 Deliberation 73.23

 

Weekly Picks of Stocks (Jun 1, 2020)

The following is a list of stocks for the week of May 26, 2020 – May 29, 2020 that show bullish and bearish trends.

May jobs report is due this week. US unemployment rate is expected to be 20%.

However, more businesses opened this past week across the country. This should help stabilize the rate of unemployment now and help reduce the rate going forward.

There were few stocks that showed bearish signal this past week and may offer a small bargain.

The bullish matches – Oversold RSI

None.

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
MDB MongoDB 26-May-20 Dark Cloud Cover 78.91
WIX Wix.Com Ltd 26-May-20 Belt Hold 75.19
WIX Wix.Com Ltd 26-May-20 Dark Cloud Cover 75.19
IRBT Irobot 26-May-20 Deliberation 84.78
NWSA News Corporation 27-May-20 Hanging Man 71.81
PAGP Plains GP Holdings, L.P. 27-May-20 Hanging Man 71.87
HRTX Heron Therapeutics 27-May-20 Hanging Man 73.94
SPWH Sportsman’s Warehouse Holdings 28-May-20 Dark Cloud Cover 79.05