During day
trading
hours,
there
were
many
stocks
that
continued
to
break
up
to
the
upside.These
stocks
are
usually
going
up
or
down
on
with
news.If
you
are
looking
to
day
trade
today,
you
might
want
to
check
out
the
following
stocks. I
usually
throw
these
on
my
watch
list
and
monitor
with
resistance
&
support
levels.
Below
are a
list
of
stocks
that I
am
watching
for
today.You can also check previous stocks to buy reports- Right Here
Stock Trading Signals's Top #PreMarket Watchlist
Top News
In other news around the markets:
◾ The search for a missing Malaysian Airlines flight entered
its fourth day on Tuesday with no forward progress. Authorities have widened
their search for the plane, destined for Beijing,
but have yet to find any evidence of the aircraft. Two passengers have been
discovered as holding false passports, but officials have said there isn’t any
evidence of a terror attack.
◾ Chiquita Brands International has made an agreement to
merge with Irish fruit company Fyffes in a $1.07 billion all-stock deal which
would make the new company the largest banana company in the world. The deal is expected to be completed later
this year, but it could raise competition issues with regulators.
◾ With Crimean residents set to vote on a referendum on
Sunday, tensions between the US
and Russia are
at an all time high. The Wall Street Journal reported that Russian President
Vladimir Putin has turned down the US’
proposal to end the crisis in Ukraine,
which in turn led US Secretary of State John Kerry to reject Moscow’s
invitation to meet Putin and discuss the situation face to face.
◾ A survey by the National Australia Bank indicated that
business conditions slipped to zero in February, down from plus 5 in January.
The score takes into account factors like labor, purchasing costs and trading
conditions.
Asian Markets
Asian markets improved after taking a beating on Monday. The
Japanese NIKKEI was up 0.69 percent, China’s
Shanghai composite gained 0.10
percent and the Shenzhen composite rose 0.33 percent. The South Korean KOSPI
rose 0.48 percent and the Hang Seng index gained 0.06 percent.
European Markets
European markets were mixed on Tuesday; the UK’s
FTSE lost 0.35 percent, the eurozone’s STOXX 600 was down 0.08 percent and the
German DAX lost 0.91 percent. However, France’s
CAC 40 gained 0.10 percent and Italy’s
MIB was up 0.58 percent.
Commodities
Energy futures gained modestly, Brent futures were up 0.17
percent and WTI futures rose 0.18 percent. Gold gained 0.09 percent and Silver
was up 0.14 percent, but industrial metals were mixed with copper down 0.97
percent and aluminum up 0.59 percent.
Currencies
Currency markets were quiet to begin the morning, the euro
was steady at $1.3851 and the pound lost 0.05 percent against the greenback.
The American dollar lost 0.22 percent against the Australian dollar and lost 0.01 percent to the Japanese yen.
Earnings
Notable earnings released on Monday included:
◾ United Natural Foods, Inc. (NASDAQ: UNFI
[FREE Stock Trend Analysis]) reported second
quarter EPS of $0.56 on revenue of $1.65 billion, compared to last year’s EPS
of $0.46 on revenue of $1.45 billion.
◾ Urban Outfitters, Inc (NASDAQ: URBN)
reported fourth quarter EPS of $0.59 on revenue of $905.90 million, compared to
last year’s EPS of $0.56 on revenue of $856.83 million.
◾ Hill International, Inc. (NYSE: HIL)
reported a fourth quarter loss of $0.03 per share on revenue of $145.00
million, compared to last year’s loss of $0.04 per share on revenue of $110.77
million.
Pre-Market Movers
Stocks moving in the Premarket included:
◾ Macy’s Inc (NYSE: M) gained 0.79 percent in premarket
trade after rising 0.82 percent over the past week.
◾ The Coca-Cola Co (NYSE: KO) lost 1.68 percent in premarket
trade after gaining 0.89 percent over the past five days.
◾ Carnival Corp (NYSE: CCL)
fell 1.03 percent in premarket trade after losing 1.24 percent on Monday
◾ American Express Co (NYSE: AXP)
was down 0.75 percent in premarket trade after rising 4.18 percent over the
past week.
Earnings
Notable earnings releases expected on Tuesday include:
◾ Caesars Entertainment Corporation (NASDAQ: CZR) is
expected to report a fourth quarter loss of $1.49 on revenue of $2.12 billion,
compared to last year’s loss of $3.75 on revenue of $2.02 billion.
◾ American Eagle Outfitters, Inc (NYSE: AEO) is expected to
report fourth quarter EPS of $0.26 on revenue of $1.05 billion, compared to
last year’s EPS of $0.55 on revenue of $1.12 billion.
◾ The Bon-Ton Stores, Inc. (NASDAQ: BONT)
is expected to report fourth quarter EPS of $2.74 on revenue of $980.95
million, compared to last year’s EPS of $3.73 on revenue of $1.03 billion.
Tuesday's economic calendar
7:30 NFIB Small
Business Optimism Index
7:45 ICSC Retail
Store Sales
8:55 Redbook Chain
Store Sales
10:00 Wholesale
Trade
10:00 Job Openings
and Labor Turnover Survey
1:00 PM Results of $32B, 3-Year Note Auction
For the latest updates on the stock market, visit,
