** "I'm only rich because I know when I am wrong. I basically have survived by recognizing my mistakes." George Soros**
It was nice to see the markets bounce on Friday but it was on lite volume. Indexes have an awful lot of work to do in order to reverse the technical damage and signal an all clear for the bulls. The bears continue to be in control as we are below key moving averages in several sectors and major indexes. With earnings wrapped up and a new quarter or earnings just a couple weeks away we will be paying more attention to trade tariff fears, White House drama, and some economic data that will be reported in the upcoming week.
There is talk of potential M&A between WMT and HUM which was reported after the close on Thursday and that could give a boost to some sympathy plays in each sector.
We have a Spotify IPO on Tuesday and that could spark some sympathy with P & SIRI.
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I wanted to give everyone this weeks stocks to watch video that I typically do just for the pro members at Alpha Wolf Trading in the spirit of Easter for free. I hope you have a wonderful holiday.
Here are Just a few stocks from this weeks video 28 stocks to watch $MLCO $RDNT $SMG $YOGA $SWCH.
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Highly anticipated Earnings
Source Earnings Whispers
Economic data calender
Source Bloomberg
Barron's mentions: Canadian marijuana stocks such as Canopy Growth (OTCPK:TWMJF), Aurora Cannabis (OTCQX:ACBFF), MedReleaf (OTCPK:MEDFF) and Cronos Group (NASDAQ:CRON) are overvalued, warns the publication. A new CEO won't help turn around Deutsche Bank (NYSE:DB) as the "toughest job in banking" is taken on. Comcast (NASDAQ:CMCSA) is called a bargain, even amid the risk of a bidding war with Fox (NASDAQ:FOXA) for Sky. Shares of the media giant trade at only 7.5X estimated 2018 EBITA. Also, keep an eye on chip technology specialist CEVA (NASDAQ:CEVA) for upside potential.
Source Seeking Alpha and Bloomberg
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