7 Stocks You Need To Know About For Thursday
After making four-year highs
yesterday, stocks closed flat on Wednesday.
Oil futures ended lower after the Energy Department reported an unexpected rise
in crude supplies. Traders will be focused on retail stocks tomorrow, as July
comps were released after the close.
July same store sales were release after the close. Here are some selected
results:
Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating)
+7%
Zumiez
(
ZUMZ |
Quote |
Chart |
News |
PowerRating)
+12.7%
Hot Topic
(
HOTT |
Quote |
Chart |
News |
PowerRating)
-5%
American Eagle
(
AEOS |
Quote |
Chart |
News |
PowerRating) +17.1%
Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating)
-4.2%
Here are a few stocks to watch for Thursday:
Cheesecake Factory
(
CAKE |
Quote |
Chart |
News |
PowerRating) may be forming a head and shoulders top. The stock closed in the
bottom of the range and near the neckline. A break of the neck line would be
considered bearish.
Dynamic Materials
(
BOOM |
Quote |
Chart |
News |
PowerRating) is trading near the top of a regression channel. Many traders are
looking for a breakout when stocks trade near their highs, but be advised that
many breakouts fail.
Digital River
(
DRIV |
Quote |
Chart |
News |
PowerRating) made a flag after gapping up a few days ago. If the stock takes out
Wednesday’s high, it may be a buy.
American Eagle
(
AEOS |
Quote |
Chart |
News |
PowerRating) slid the past two days but reported excellent July comps after the
close Wednesday. This could bump the stock on Thursday.
Starbucks
(
SBUX |
Quote |
Chart |
News |
PowerRating)
also reported good July comps and will be in focus on Thursday.
Netflix
(
NFLX |
Quote |
Chart |
News |
PowerRating) took out the highs.
FYI, the best time to buy a momentum stock is on a rally from a pullback
(i.e. August 1) but some traders will be looking at this one nonetheless.
Brice Wightman