Stock Waves Eye On Earnings


Here are five stocks to watch that report before the market open tomorrow.

CRI is one of our Stock Waves 300 stocks and is starting a primary 5th wave up like much of the market.  This bounce off the end of June looks like the second of three (abc) waves for the lower wave B on the chart, with the c wave targeting 71.63 before CRI resumes its rally.

HON has a textbook abc up from the June low. The most probable count is that it is a B wave of a wider flat targeting the lower 130s. 

NEE looks to be in an ending diagonal in its primary 5th wave up. It has room for higher in wave C of (3) toward the 286 to even 310 region, but the sub-waves are not super clean inside C and it is possible it first needs a sub-wave down to around 260.

VZ has had a decent corrective retrace off the April high, setting up a possible swing targeting the mid-60s. The 54 region is key support.

AXP may be working on a bigger consolidation from the June high, but even so a bounce more toward 108-110 as a "B" wave would be preferred.  90s are key support for near-term upside.

Login to Stock Waves to see these and dozens more earnings plays along with their charts.

AXP - Primary Analysis - Jul-23 1121 AM (2 hour)
AXP - Primary Analysis - Jul-23 1121 AM (2 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.


  Matched
x