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

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