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Friday 25 October 2013

Stocks to watch

The market will focus on earnings reports today & stocks should go up today because of strong earnings reports
It might be better to wait for more economic news @ 10am EDT before trading

Procter & Gamble will reflect consumer spending
P&G's core earnings per share fell 1% & only met expectations but sales were better than expectations
Stock is down from 80.61 to 80.18, watch 80.0 (stronger support) or 80.3

United Parcel Service will reflect goods shipping conditions & indicates overall economic health
UPS reported stronger profits due to increased demand in US e-commerce shipments & strong European export growth
Stock is up from 94.49 to 97.0 but might be too high, watch 97.0 for support/resistance

Amazon reported a loss of $0.09 EPS, in line with expectations but revenue was better than expected
Stocks jumped from 332.21 to 359 & might be too high, watch 360 for possible support or resistance

Microsoft reported better than expected earnings & revenue
Possible resistance @ 36.0 & 35.67 but also possible to break above 36.0 & turn it into support if momentum is strong enough

Boeing secured $20.7 billion worth of deals from multiple China customers but yet to be approved by the Chinese government
Stock is up from 128.98 to 129.59, watch 130 for possible breakthrough, it should at least be a temporary resistance before it fails or manages to break above it
Momentum is weak for now

Apple possible support @ 530
Apple's earnings report on Monday but after market closes

Netflix possible support/resistance @ 330

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