– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.
7:30 AM – MORNING MARKET & WATCH LISTS UPDATE
NOTE: Today’s watch list can be found here.
The major indexes rallied Friday as the April jobs report brought some relief, and investors applauded key earnings announcements.
The Dow gained +332 on the session, helped by Apple which added nearly 50 points to Dow’s rally.
QUOTE OF THE DAY:
“Arriving at one goal is the starting point to another.”
– John Dewey
The blue chips booked their best day in 3 weeks, after the index had been struggling – falling in 9 of the past 13 sessions.
This comes after the Dow and the S&P 500 made a positive signal on Thursday when each found support at their 200-day moving averages.
Both did post -0.2% weekly declines while the Nasdaq actually turned positive for the week, up a solid +1.3%.
The tech-laden index also got a boost from Apple and surged +1.7% on Friday, as shares rallied on news that Warren Buffett increased his stake in the personal-technology company. The Nasdaq did close just above the 50-day moving average, and that is a bullish sign.
Earnings season heads for a close as 81% of companies have now reported earnings.
Among the S&P 500 companies, 47 will report earnings next week, including Nvidia Corp. NVDA, Costco Wholesales Corp. COST, Dow component Walt Disney Co. DIS, and Tyson Foods Inc. TSN.
Today, we have Gannett (GCI), Scripps (SSP), and Tyson Foods (TSN) will release earnings before the open. AMC Entertainment (AMC) and Zillow (ZG) will follow after the close.
With the Federal Reserve meeting, monthly jobs report and the bulk of the earnings season behind us, mainstream investors will turn their focus back to global trade headlines in coming weeks.
They will also be listening to cues from several Fed heads who are scheduled to speak over the course of the week, each will surely offer more insight into the central bank’s monetary policy strategy.
After an earnings barrage and FOMC data, stock-market moves will now hinge more on global trade.
This morning, U.S. stock futures are higher with the Dow’s up 77 points as of 7:30 AM.
European markets were mixed, with exchanges in the United Kingdom and Ireland closed for a holiday.
Stocks in Asia ended their session with gains.
We now have a total of 19 stocks which we will be watching for a buyable breakout here.
One stock in particular is CUTR, which is trading above its 50-day moving average and is building its base.
Chart courtesy of stockcharts.com – Click chart to enlarge.
No one has to wait for me to issue any type of alert. Any gains above the stock’s TRIGGER PRICE while the day’s volume is at least on pace to make the TRIGGER VOLUME would have this set up confirming a BUY signal up to the MAX BUY PRICE.
Current 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.
As always, if anyone has any questions – please feel free to email me at email@example.com as I would be glad to assist you. _________________________________________________
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.