The watch list this week is smaller due to the IBD50 earnings releases this week. Quite a few recent trades report in the next few days. AMD, JBLU, USG, and VALE are among those reporting, so we will exit these positions prior to earnings.
VEEV – IBD50 Candidate
Veeva Systems Inc. provides cloud-based software for the life sciences and healthcare industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a large suite of multichannel customer relationship management applications for the biotechnology and pharmaceutical industries.
Technically, the stock looks ready to follow through this week. RSI, STO, and MACD are all rising. Volume is above average.
This is what we will be looking for this week, in addition to stocks that have already reported in strong sectors. Financial stocks fit these criteria and have been strong over the past week.
Watch BAC, C, GS, JPM, and MS.
Below is the watch list with IBD50 earnings dates noted.
Homebuilders are set to push higher as well. LEN, for example, reported a 5% beat on 10/03/2017, gapping up on Friday.
Mobile home manufacturer WGO also reported stellar earnings, similar to that in June that saw the stock catapult higher. We are looking for an entry on this candidate.
Whatever positions you choose to trade in the next few weeks, be sure to check earnings prior to entry. We’ll do our best to keep you informed as well during the LIVE broadcast.
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