It will be busy for economic news, with FOMC Chair Jerome Powell speaking in front of Congress Tuesday and Wednesday. There will be CPI and retail sales, as well. But let’s not forget there will be significant earnings this week too.
Cisco (CSCO)
Cisco (NASDAQ:CSCO) will report results on February 12 after the close of trading, and the stock has been difficult to deal with in recent months. The trade war with China has damaged the company and hurt sales. The chart for Cisco doesn’t reveal much, except that the RSI is now trending higher, and it would suggest to me that longer-term the stock is likely to start rising again.
Roku (ROKU)
Roku has been trending lower for some time, and the RSI suggests that the trend isn’t about to change. The chart appears to be a falling triangle, and I have noted it for some time. The stock has been unable to clear the downtrend on multiple attempts. I think that means that shares fall following results and head lower towards $116 and perhaps $105.
NVIDIA (NVDA)
NVIDIA (NASDAQ:NVDA) has been trending higher and has managed to find some excellent support around $236. I think shares will continue higher towards $268. I believe Intel’s results in the datacenter are a good sign for NVIDIA.
Alibaba (BABA)
Alibaba (NYSE:BABA) will also report results, and I had seen some bullish betting this week that suggested the stock rise to around $235 by the middle of March.
Netflix (NFLX)
Netflix (NASDAQ:NFLX) broke out of a very long-term downtrend this week and rose above resistance at $363. I think that means the stock continues to grind higher towards $385.
Visa (V)
I think Visa (NYSE:V) may have formed a bullish flag pattern that indicates shares rise to around $220.
Under Armour (UAA)
Under Armour (NYSE:UAA) has been consolidating nicely beneath resistance at $21.85, and I think this stock finally breaks out and pushes higher towards $24.80.
