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 |