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 |