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Evening Stock Watch-List: August 7, 2019

Evening Stock Watchlist: August 7 2019

August 7, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

-160(-.62%)

-17(-.60%)

-48(-.65%)

-65 (-.55%)

+13 (.88%)

DIS

Disney ($DIS) reported a significant earnings miss on both EPS and revenues. I took a short on this after it bounced from the initial tanking downwards and got in at $137.56 with 500 shares. By the end of AG I was up about $600 on the trade but decided to swing it with a price target of $134.61. Our markets which are selling off here in AH will help us get that, but the main reason I wanted to swing it was because of the analyst commentary I expect this name to get to the negative side tomorrow. The numbers have me projecting that $133 is the rightful restng spot for this to end up at but i’ll be a little more conservative and look to lock in on my $1,500 trade tomorrow possible even in pre-market. However, if we can get an early morning panic pop  I would love to add another 500 shares short on anything near $139.

MOS

The Mosaic Company ($MOS) is an Agricultural Chemicals company in the Basic Materials sector. This mid-cap stock took a tumble after releasing lower-than-expected earnings, as well as lowered guidance. After falling from highs of $24.60 to lows of $20.05, it made a nice reversal back towards (and over) $22.00. As it tests this choppy resistance from $22.50, it could consolidate some here before legging up again into its gap fill. I plan to day trade this over the $22.50 natural resistance level for the gap fill pattern!

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