Hello my friend
In the spirit of Thanksgiving I thought I would send out the full video of next weeks stocks to watch for trading and investing that is usually exclusive for just the Pro members of Alpha Wolf Trading. I hope everyone had a fantastic Thanksgiving and the good times continue through the entire weekend.
There is a lot of economic data that could impact the markets and several Fed members including Janet Yellen speaking next week. Bitcoin/ Blockchain mania is hitting fevered pitch, retail sales numbers will be in focus from Black Friday and Cyber Monday. An argument could be made that we are overbought in several sectors. Oil, Home builders, Consumer discretionary, Semis, Tech, small caps are just a few that come to mind from the look of their charts.
It is prudent to be cautious but always remember that things can stay overbought for a long time. Trying to call the top or buck the trend can be a very painful and debilitating exercise. Don't try to be a hero or Nostradamus. If you are unsure or uncomfortable taking a trade adjust the size and reduce the amount of exposure so that you aren't panicking with every tic that goes against you. Have a clearly defined trade plan for every trade and always know your risk reward.
Keep an eye on Infrastructure stocks this week see the Barrons' note at the bottom of the blog.
A couple of sectors that have been showing some recent signs of strength that are highly speculative and not for those with low risk tolerance are the Marijuana and Uranium sectors.
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Stocks To Watch For Trading and Investing
$SENS $MGTI $NETE $BLCM $AFMD $GLYC $IMDZ $KDMN $MGNX $STML $MOMO $EARS $KR $TITN $YEXT $ARWR $HEAR $BZUN $INSG $BLDP $MSFT $TWI
Notable earnings reports: Thor Industries (NASDAQ:THOR), Tech Data (NASDAQ:TECD) and Ferroglobe (NASDAQ:GSM) on Nov. 27; Marvell Technologies (NASDAQ:MRVL), Autodesk (NASDAQ:ADSK) and Nuance Communications (NASDAQ:NUAN) on Nov. 28; Workday (NYSE:WDAY), Tiffany (NYSE:TIF) and Box (NYSE:BOX) on Nov. 29; Ambarella (NASDAQ:AMBA), Barnes & Noble (NYSE:BKS), Kroger (NYSE:KR) and Ulta Beauty (NASDAQ:ULTA) on Nov. 30; Big Lots (NYSE:BIG) and Genesco (NYSE:GCO) on Dec. 1. See Seeking Alpha's Earnings Calendar for more.
Quiet period expirations: **Altair Engineering (OTCPK:ALTA), Evoqua Water Technologies (Pending:AQUA), Funko (Pending:FNKO), Allena Pharmaceuticals (Pending:ALNA), Spero Therapeutics (Pending:SPRO) on Nov. 27; Aquantia (Pending:AQ), Hexindai (Pending:HX) on Nov. 28; VistaGen Therapeutics (NASDAQ:VTGN) on Nov. 29; TransUnion (NYSE:TRU) on Nov. 30.
**Annual meetings: Microsoft (NASDAQ:MSFT) and Sapiens International (NASDAQ:SPNS) on Nov. 29; Autohome (NYSE:ATHM) on Nov. 30.
Investor meetings: General Motors (NYSE:GM) is scheduled to share its vision on an autonomous future at an investor event on Nov. 30.
Piper Jaffray healthcare conference: Presenters at the event in New York City on Nov. 28-29 include Acorda Therapeutics (NASDAQ:ACOR), Novus Therapeutics (NASDAQ:NVUS), Sangamo Therapeutics (NASDAQ:SGMO), Halozyme Therapeutics (NASDAQ:HALO), Mazor Robotics (NASDAQ:MZOR), Regeneron Therapeutics (NASDAQ:REGN), Depomed (NASDAQ:DEPO), Jazz Pharmaceuticals (NASDAQ:JAZZ) and a host of others.
U.S. auto sales: A 1% drop in sales is expected for November with demand trends normalizing after a couple of strong months of hurricane replacement business. Ford (NYSE:F), Nissan (OTCPK:NSANY), Subaru (OTCPK:FUJHY) and Honda (NYSE:HMC) are expected to show positive sales growth for the month. See November U.S. auto sales preview.
Black Friday/Cyber Monday: Look for more analysis on holiday shopping winners and losers. Early data suggests a strong showing for Amazon (NASDAQ:AMZN), Wal-Mart (NYSE:WMT), J.C. Penney (NYSE:JCP), Gap (NYSE:GPS) and Abercrombie & Fitch (NYSE:ANF). Macy's (NYSE:M) was also in that group of outperformers until a credit card processing slowdown frustrated customers. Target (NYSE:TGT) is looking to recover from a 2.8% decline in share price on Friday.
Monthly sales updates: Costco (NASDAQ:COST) on Nov. 29; Buckle (NYSE:BKE), Cato (NYSE:CATO) and L Brands (NYSE:LB) on Nov. 30.
Barron's mentions: Infrastructure stocks could get a boost if the Trump administration guides legislation to the finish line. Vulcan Materials (NYSE:VMC), Fluor (NYSE:FLR), Martin Marietta Materials (NYSE:MLM), Jacobs Engineering Group (NYSE:JEC), U.S. Concrete (NASDAQ:USCR) and Eagle Materials (NYSE:EXP) are names to watch. Verizon (NYSE:VZ) and Mondelez International (NASDAQ:MDLZ) are two other stocks singled out for upside potential.
Sources: EDGAR, Bloomberg, Nasdaq.com. Seeking Alpha
