Weekly Picks of Stocks (10/05/2020)

US President Donald Trump’s Covid-19 diagnosis was the biggest news last week.  Trump’s age group puts him in the high risk of becoming severely ill from the virus.  Although, he’s expected to get the best care and recover from the virus it will create uncertainties in the market and as expected there was a sell-off on Friday.  However, historically any uncertainties due to the health or life of US President has been short lived.  Woodrow Wilson influenza, Eisenhower heart attack, and even Reagan(assassination attempt) did not cause long term declines in the stock market.

Q3, 2020 Earnings Calendar for the week of 10/05/2020 – 10/09/2020

Delta will report their earnings this week.  Travel sector received some positive news last week as United announced it will resume services to several international countries.  Will it help Delta airlines?

Domino’s Pizza also reports this week and is trading at an all time high.  They are expected to beat the earnings estimates. Is their current run up from the expected earnings beat?

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

Tuesday, October 6, 2020
Levi Strauss(LEVI) – After Market
Thursday, October 8, 2020
Carnival Corp.(CCL) – Before Market
Delta Air Lines(DAL) – Before Market
Domino’s Pizza Inc(DPZ) – Before Market

The following is a list of stocks for the week of Sep 28, 2020 – Oct 02, 2020 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
APA Apache Corporation Sep 28, 2020 Harami 29.58
VLO Valero Energy Oct 02, 2020 Piercing Line 27.9
NOV National Oilwell Varco Inc. Oct 02, 2020 Piercing Line 24.16
E Eni S.p.A. Oct 02, 2020 Piercing Line 28.47

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SGMS Scientific Games Sep 29, 2020 Belt Hold 70.04
DIOD Diodes Incorporated Oct 01, 2020 Deliberation 75.41
BFAM Bright Horizons Family Solutions Inc Oct 01, 2020 Hanging Man 76.94

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