Top chipmaker NVIDIA Corporation (NASDAQ:NVDA) and Walt Disney Co (NYSE:DIS) is going to be the forerunner in another week of earnings. Monster Beverage Corporation (NASDAQ:MNST) and even other top Chinese companies like Weibo Corp (ADR) (NASDAQ:WB), SINA Corp (NASDAQ:SINA) likely to share their reports too. The retail sector is likely to continue their sloppy run.
The stocks to watch out for – Apple’ gap up has fuelled shares above the 156.75 flat base entries but the stock seems to be unable to hold above that level. It remains to be seen if they can clear the buy point. Weibo and Sina will both be reporting their earnings next week as they are closing on the buy points. Sina is under the cup base and has a 97.89 buy point. Tesla gapped up on Thursday and it retook the 50-day line. On Friday, the shares passed the 350 mark with almost -3% gains. If they can continue their momentum, they need to be watched out for in the next week.
Microsemi has been going through the base building process for a long time now. Though they are trading 5% below the 54.69 entry, they are inching perilously closer to the 200-day line. But, Amazon seems to have lost support at their 50-day line. Despite doing great in July, the stock failed to retake the level.
So keep an eye out on all these stocks and watch out for any small and big changes. The market is excellent for some smart buying decision and piling great profits.