Stocks To Watch – 5/20/2024

Brief Overview

Hello Traders & Investors,

Scroll down to see the stocks we have on watch this week !

Meme stocks made a comeback last week with Roaring Kitty sparking interest back into AMC and GME. While short lived, there was MASSIVE opportunity for traders to take advantage of the situation to both the up and down side of the move.

U.S. Stock Indexes reached new all time highs on Wednesday with the Utilities Sector of all things leading YTD growth.  

Small cap season is upon us! Watch for small cap names to rip. Keep eyes on Russel 2000 ETF (IWM) to keep moving higher, as well as huge moves (100%+ intraday ) for small cap names. We’ll be on the lookout for setups to alert to members but don’t wait for us to take advantage of any A+ setups you come across on your own!

We will also have eyes on Chinese stocks this week as we saw a good number of big China names like BABA, JD, BILI, PDD, BIDU, JKS, KWEB, YINN & FUTU showing up on our scanners last week. 

Earnings are starting to slow down slightly, but we will hear from the big dog NVDA on Wednesday as well as other notable names such as PANW, ZM, LOW, TGT & SNOW all scheduled to report this week

Slow week for Fed reports with existing & new home sales, and employment numbers scheduled to be reported.