Weekly Picks of Stocks (03/08/2021)

Inflation concerns still dominating the financial news.

10 year treasury yield spiked up last week.  A sign that investors are expecting inflation to go up and fed react to it by increasing the interest rates.

Fed Chairman, J Powell still maintains US Economy is far from where it’s expected to be. For reference, according to NY Times there are currently 9 million fewer jobs than at this time a year ago or 12 million fewer jobs now without the pandemic.

More money coming into the economy because 1.9T relief and stimulus bill was passed Sunday.  This bill will allow for extensions to unemployment benefits, stimulus checks and financial aid to local & state governments.

Rough past week for Nasdaq as it went through a correction. Recovered Friday but need to see it continue this week for signs of a sustained recovery.

Note: While Nasdaq was correcting S&P 500 and Dow Jones indices continued to move up. General market remains bullish and that bodes well for Nasdaq.

Earnings season continues this week.  Notable companies reporting this week include Del Taco(TACO), Campbell Soup(CPB), meme stock AMC Entertainment(AMC), Oracle (ORCL), DocuSign(DOCU), Ulta Beauty(ULTA) & El Pollo Loco(LOCO).

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

Monday, March 8, 2021
Benefitfocus(BNFT) – After Market
Magic Software(MGIC) – Before Market
Minerva Neurosciences(NERV) – Before Market
US Auto Parts Network(PRTS) – After Market
Turquoise Hill Resources(TRQ) – After Market
Clarus Corporation(CLAR) – After Market
Mohawk Group Holdings, Inc.(MWK) – After Market
Stitch Fix Inc(SFIX) – After Market
Del Taco Restaurants, Inc.(TACO) – After Market
Tuesday, March 9, 2021
Block H&R(HRB) – After Market
AeroVironment(AVAV) – After Market
American Public Education(APEI) – After Market
ANI Pharmaceuticals(ANIP) – Before Market
Avadel Pharmaceuticals plc(AVDL) – Before Market
Avid Technology, Inc.(AVID) – After Market
Blueknight Energy Partner(BKEP) – After Market
Childrens Place Retail(PLCE) – Before Market
Cumberland(CPIX) – After Market
DXP Enterprises(DXPE) – Before Market
Marinus Pharmaceuticals(MRNS) – Before Market
Creative Realities(CREX) – After Market
DarioHealth(DRIO) – Before Market
MongoDB(MDB) – After Market
Babcock & Wilcox Enterprises(BW) – Before Market
Barnes & Noble Education Inc(BNED) – Before Market
Dick’s Sporting Goods(DKS) – Before Market
Thor Industries(THO) – Before Market
Xeris Pharmaceuticals Inc(XERS) – Before Market
Wednesday, March 10, 2021
Campbell Soup(CPB) – Before Market
Fossil, Inc.(FOSL) – After Market
Oracle Corp.(ORCL) – After Market
AgroFresh Solutions(AGFS) – After Market
Allied Motion(AMOT) – After Market
Ballard Power Systems(BLDP) – After Market
Calavo Growers(CVGW) – After Market
Flexion Therapeutics(FLXN) – After Market
Greenlight Capital Realty(GLRE) – After Market
Lexicon Pharmaceuticals(LXRX) – After Market
Lifetime Brands(LCUT) – Before Market
United Natural Foods(UNFI) – Before Market
AMC Entertainment(AMC) – After Market
Cloudera, Inc.(CLDR) – After Market
Kronos Worldwide(KRO) – After Market
Tupperware Brands Corporation(TUP) – Before Market
Harpoon Therapeutics Inc(HARP) – After Market
International Money Express Inc(IMXI) – Before Market
U.S. Well Services Inc(USWS) – After Market
Thursday, March 11, 2021
JD.com(JD) – Before Market
Ulta Beauty(ULTA) – After Market
El Pollo Loco Holdings(LOCO) – After Market
Gogo Inc.(GOGO) – Before Market
Golden Entertainment(GDEN) – After Market
Information Services Group(III) – After Market
Innodata Inc.(INOD) – Before Market
Microvision(MVIS) – After Market
DocuSign, Inc.(DOCU) – After Market
Domo, Inc.(DOMO) – After Market
HCI Group Inc(HCI) – After Market
Horizon Global Corp(HZN) – Before Market
Myers Industries(MYE) – Before Market
Party City Holdco Inc(PRTY) – Before Market
Ready Capital(RC) – After Market
Tillys(TLYS) – After Market
Funko, Inc.(FNKO) – After Market
Goodrich Petroleum Corp(GDP) – Before Market
Exp Realty Internati(EXPI) – After Market
Inspired Entertainment Inc(INSE) – Before Market
22nd Century Group Inc(XXII) – Before Market
Friday, March 12, 2021
Kirkland’s, Inc.(KIRK) – Before Market
Saga Communications(SGA) – Before Market

The following is a list of stocks for the week of Mar 01, 2021 – Mar 05, 2021 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
GOLD Randgold Resources Mar 01, 2021 Homing Pigeon 27.21
AYX Alteryx Mar 01, 2021 Homing Pigeon 26.51
AWK American Water Works Mar 01, 2021 Homing Pigeon 29.31
FOLD Amicus Therapeutics Mar 05, 2021 Homing Pigeon 20.36
IOVA Iovance Biotherapeutics Inc Mar 05, 2021 Harami 27.95
DG Dollar General Mar 05, 2021 Homing Pigeon 27.37
BKI Black Knight Mar 05, 2021 Harami 29.23
ORA Ormat Mar 05, 2021 Harami 26.97
GRUB Grubhub Inc Mar 05, 2021 Harami 28.6
PRLB Proto Labs Mar 05, 2021 Homing Pigeon 28.12
ANSS ANSYS Mar 05, 2021 Homing Pigeon 28.88
AMED Amedisys Mar 05, 2021 Piercing Line 26.15

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
RCII Rent A Center Mar 02, 2021 Upside Gap Two Crows 75.66
NCLH Norwegian Cruise Line Mar 04, 2021 Dark Cloud Cover 72.46
DISCA Discovery Communications-A Mar 04, 2021 Deliberation 82.78
GE General Electric Company Mar 05, 2021 Hanging Man 70.91

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