Category Archives: Hot Stocks

Consumer Staples Select Spiders (XLP) Worth a Look

Consumer Staples Select Spiders (XLP, $64.85, up $0.55) XLP September 65 calls (XLP200918C00065000, $0.80, up $0.15) Entry Price: $0.70 (8/17/2020) Exit Target: $1.40 Return: 14% Stop Target: None Action: Lower resistance at $64.50-$65 was recovered with shares closing on the session high of $64.85. Support remains at $64-$63.50. Index and Earnings Options Play List for 8/17/2020

Bulls Get Weekly Win Despite Friday’s Flat Action The market lost ground on Friday following a flood of economic news and inaction from Congress on developments for a coronavirus relief package. No deal was announced on that front as lawmakers have broken for recess until Labor Day. Despite the flat session, the major indexes posted […]

Monday’s (8/17/2020) earnings announcements (JD, CWCO, BEST…)

Monday’s (8/17/2020) earnings announcements: Before the open: Consolidated Water (CWCO), Eagle Point Credit (ECC), Gulf Resources (GURE), (JD), Milestone Scientific (MLSS), Niu Technologies (NIU), SWK Holdings (SWKH) After the close: Americas CarMart (CRMT), Best (BEST), China Biologic Products (CBPO), Dolphin Entertainment (DLPN), Edison Nation (EDNT), Fabrinet (FN), Progressive Care (RXMD), Social Reality (SRAX) Economic […]

Analyst Upgrades/ Downgrades

Analyst Upgrades/ Downgrades   Estee Lauder (EL) upgraded to Outperform from Perform at Oppenheimer Halliburton (HAL) upgraded to Conviction Buy from Buy at Goldman Sachs Schlumberger (SLB) upgraded to Overweight from Equal Weight at Wells Fargo   Baker Hughes (BKR) downgraded to Buy from Conviction Buy at Goldman Sachs BJ’s Wholesale (BJ) downgraded to Hold […]

Consumer Discretionary Select Spiders (XLY) Stays Hot

The Consumer Discretionary Select Spiders (XLY) extended its winning streak to 4-straight sessions after tapping an intraday and fresh all-time high of $129.52. New and lower resistance at $129.50-$130 was cleared but held. A close above the latter would be an ongoing bullish signal for additional strength towards $131.50-$132, depending on momentum. Current support is […]