Here is this weeks video of stocks to watch for trading and investing. We have several sectors could set up for a bounce. Fridays action was somewhat bullish and it would be nice to see some follow through next week and potentially break out of the range we are in.
Earnings season continues and it has been a strong quarter so far with encouraging guidance for the most part. We are entering the months where the market typically performs the worst so that is something to take into consideration but it does not mean the markets can't climb higher. Its extremely important to have a plan for whatever the market throws at us.
Lets focus on playing the sectors that display strength/ strong price action and look for opportunities to take advantage of with a sound trade plan that identifies your risk reward.
If you are looking to improve your trading and desire to be part of a group that truly cares about helping you become a more consistently profitable trader or investor then join the pack here at Alpha Wolf Trading. If you have any questions email me Tim@alphawolftrading.com
Enjoy the rest of your weekend.
*Stocks in this weeks video *
*$CSTM $RAIL $BLDR $ARAY $ARRY $XGTI $OMER $CGI $SOI $ADMP $INSG $VSLR $ACAD $ARAY $PIRS $IONS $ATRS $NRG $HLX $SRPT $FOLD $WUBA $FB $SGMS $RUN $MRVL $KMX $TRTC $STX $DEPO *
Other Stocks to watch next week
Expected IPO pricings: Zealand Pharma (Pending:ZLND) on August 8, Contura Energy (Pending:CTRA) on August 9, Ranger Energy Services (Pending:RNGR) on August 10.
IPO quiet period expirations: **Avenue Therapeutics (NASDAQ:ATXI), Esquire Financial (Pending:ESQ), Mersana Therapeutics (NASDAQ:MRSN); Aileron Therapeutics (NASDAQ:ALRN), Blue Apron (NYSE:APRN), Dova Pharmaceuticals (NASDAQ:DOVA) on August 8; Byline Bancorp (NYSE:BY), Tintri (NASDAQ:TNTR) on August 9.
**Secondary offering lockup expirations: Aeglea BioTherapeutics (NASDAQ:AGLE), Exact Sciences (NASDAQ:EXAS), Evolent Health (NYSE:EVH), Ctyokinetics (NASDAQ:CYTK) on August 7; Monroe Capital (NASDAQ:MRCC), Accelerate Diagnostics (NASDAQ:AXDX) on August 8; Becton Dickinson (NYSE:BDX) on August 9, Foundation Building Materials (NYSE:FBM) on August 9; Kinsdale Capital (Pending:KNSL), TPI Composite (NASDAQ:TPIC) on August 10.
Notable annual meeting: Pandora (NYSE:P) on August 7, Ralph Lauren (NYSE:RL) on August 10, Merrimack Pharmaceuticals (NASDAQ:MACK) on August 11.
FDA watch: Gilead (NASDAQ:GILD) expects to find out if its single tablet daily regimen for HIV is accepted for review. TherapeuticsMD (NYSEMKT:TXMD) to receive Advice Letter on TX-004HR. A drug approval call is scheduled for Jazz Pharmaceuticals (NASDAQ:JAZZ) on August 7.
Sources: Seeking Alpha, Bloomberg, EDGAR