Weekly Picks of Stocks (06/28/2021)

U.S. Bureau of Labor Statistics will release June’s job report on Friday.   An increase in the number of re-hires from May to June is expected. Unemployment rate is also expected to decline from 5.8% to 5.6%. The rate before the pandemic was 3.5%. So still some ways to go before unemployment gets closer to pre-pandemic level.

Labor shortage is still an issue and businesses are pressured into increasing their wages to lure workers back in. There are some consensus amongst economic experts that this caused by a couple of factors.

1. Parents concern for leaving their children in day care and contracting Covid. 2. Continued unemployment benefits.

The expectation is that this shortage will go away when schools reopen, more people are vaccinated and unemployment benefits runs out.  About 20 states have pulled back from federal aid for unemployment.  Those states are starting to see decline in their labor shortages.

Consumer confidence index will be published on Tuesday  It is also expected to increase from May to June.

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

Tuesday, Jun 29, 2021
Tsakos Energy (TNP) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
LMP AUTOMOTIVE CS (LMPX) – After Market.   Add to Google Calendar   Add to Outlook Calendar
Wednesday, Jun 30, 2021
Bed Bath & Beyond Inc. (BBBY) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Constellation Brands (STZ) – Before Market.   Add to Google Calendar   Add to Outlook Calendar
Thursday, Jul 1, 2021
Affimed N.V. (AFMD) – Before Market.   Add to Google Calendar   Add to Outlook Calendar

The following is a list of stocks for the week of Jun 21, 2021 – Jun 25, 2021 that show bullish and bearish trends.

The bullish matches – Oversold RSI

Ticker Company Name Date Chart Type RSI
KGC Kinross Gold Jun 21, 2021 Homing Pigeon 26.5
NG Novagold Resources Inc Jun 21, 2021 Harami 29.21
ABG Asbury Automotive Jun 21, 2021 Harami 28.41
KGC Kinross Gold Jun 22, 2021 Unique Three River 24.9
YY YY Inc. Jun 22, 2021 Harami 26.79
NOMD Nomad Foods Jun 24, 2021 Doji Star 27.25

The bearish matches – Overbought RSI

Ticker Company Name Date Chart Type RSI
SHOP Shopify Inc Jun 21, 2021 Deliberation 79.87
GNRC Generac Holdings Inc. Jun 21, 2021 Deliberation 78.38
ROKU Roku Inc Jun 23, 2021 Deliberation 73.16
TRUP Trupanion Jun 24, 2021 Deliberation 82.85

Leave a Reply

Your email address will not be published. Required fields are marked *