Hot Stocks To Watch 10/17/2017: HOG, NFLX
Warrior Trading | Oct 17, 2017 09:17AM ET
Economic Calendar & Watch List
Morning Notes
US Futures are flat and European stocks are slightly higher in early trading. European gains were limited due to cuts in Spain’s GDP and less than expected surveyed economic growth in Germany. Asian stocks settled mostly higher. Chinese stocks pulled back ahead of a meeting and Japan’s Nikkei rose to a near 21 year high.
Technicals
The SPY (NYSE:SPY) posted new record highs in Monday’s session as the market continues its melt up. Support will lie at the low of Monday’s range at $254.82, followed by $254.64, $254.37, $253.98, $253.65, $253.20, $252.56, the 20EMA at $252.48, then $252.23, $251.30, the former ascending resistance at $251.20, and the recent pivot at $250.15. Resistance will lie at the record highs of $255.51.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
Netflix Inc (NASDAQ:NFLX),
Harley-Davidson Inc (NYSE:HOG)
Economic Calendar
8:55 Redbook
9:15 Industrial Production Report, expected +0.1%
Notable Earnings Before Open
Johnson & Johnson (NYSE:JNJ) – EPS Est. $1.8
UnitedHealth Group Incorporated (NYSE:UNH) – EPS Est. $2.57
Goldman Sachs (NYSE:GS) – EPS Est. $4.31
Morgan Stanley (NYSE:MS) – EPS Est. $0.81
CSX (NASDAQ:CSX) – EPS Est. $0.51
Harley-Davidson (HOG) – EPS Est. $0.41
Notable Earnings After Close
International Business Machines (NYSE:IBM) – EPS Est. $3.28
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.