7:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
On Wednesday, the Dow Jones industrial average closed down -0.6%. The S&P 500 shed -0.8% and the Nasdaq declined -0.6%.
QUOTE OF THE DAY:
“Recently, I was asked if I was going to fire an employee who made a mistake that cost the company $600,000. No, I replied, I just spent $600,000 training him. Why would I want somebody to hire his experience?”
– Thomas J. Watson
Yesterday, the Federal Reserve left its key benchmark rate unchanged despite renewed calls by President Donald Trump for lower interest rates.
Policymakers unanimously agreed to leave rates alone, sticking with the wait-and-see approach outlined earlier this year.
“We don’t see a strong case for moving in either direction,” Fed Chairman Jerome Powell said at a press conference. “The committee is comfortable with our current policy stance.”
Now You Can Start Receiving James’ –
Technical SetUps WatchList Each Market Morning
He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day.
Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE.
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This morning, US stock futures are slightly higher. European markets opened in negative territory. Markets were closed in Shanghai and Tokyo, but stocks in Hong Kong advanced +0.8%.
For earnings today, we have CIGNA (CI), DowDuPont (DWDP), Dunkin (DNKN), Hanesbrands (HBI), Kellogg (K), Under Armour (UAA) and Wayfair (W) release earnings before the opening bell.
The following companies will report after the close: Activision Blizzard (ATVI), CBS (CBS), Con Edison (ED), Expedia Group (EXPE), GoDaddy (GDDY), Monster Beverage (MNST), Shake Shack (SHAK), US Steel (X) and US Cellular (USM).
Also of note, U.S. data on jobless claims will be released at 8:30 a.m. ET.
I ran my routine stock screens early this morning and added 4 new stocks to our Technical SetUps WatchLists.
Current Personal Portfolio Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.
Missed any of these morning reports? You can find all previous reports here.
About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.
Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.