SEPTlNSVETlNG
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7-21 stock watchlist
$QQQ $NOK $GLW
$QQQ is trading inside the lower half of the daily NEUTRAL zone. Price is at yesterday’s high at $704 during premarket, but the broader trend is still down from the all‑time high at $748. If price gets rejected near $705, I will open a short position, targeting $693 → $688. If price reclaims $705, I’ll keep the long scenario open as well.
Stocks on Watch:
$GLW, Price formed a higher low on the 1‑hour chart and is now sitting at the breakout level. A break above the premarket high with volume confirmation will trigger my long entry, targeting $174. A rejection at $160 invalidates the setup for me, so I’ll stand aside.
$Nokia, Price broke above the range in premarket, supported by both technical strength and a positive catalyst. I’ll look for a pullback entry for bullish continuation.
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$GOOG pre-earning outlook,
WHAT TO WATCH
●Insider selling: Lawrence Page Trust filings indicate planned sales, raising governance/confidence concerns.
●Institutional activity: Heavy net selling (buy%=-69.8) and aftermarket sell-off (99% sell) suggest institutional caution.
●Technical neutral zone break: Price at $353.81 near zone top ($353.4) — watch if resistance holds or breaks.
●Hedge fund unwinding: 56 holders with net decrease of $169M, signaling reduced conviction.
●Revenue growth trajectory: Consensus $172.7B vs. wide range — focus on Google Services and Cloud growth.

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$TSLA pre-earning outlook
WHAT TO WATCH
●Delivery numbers vs. 480k reported in Q2 2026 SEC filing — any discrepancy could drive volatility
●Automotive gross margin (ex-credits) — consensus expects ~18.5%
●Full self-driving (FSD) revenue recognition and deferred revenue balance
●Energy storage deployment (Megapack) and segment margin trajectory
●Cybertruck ramp commentary — production bottlenecks or demand signals

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7-21 Morning Brief
GLOBAL MARKETS OVERNIGHT — Asia closed mixed with China tech boosted by record ETF inflows (FXI). European indices are flat to slightly lower. US futures are pointing to a positive open, supported by strong earnings from MMM and VMI.
MACRO & ECONOMIC CALENDAR — Today’s key data: 08:30 Housing Starts and Durable Goods Orders (MEDIUM impact), 10:00 New Home Sales (MEDIUM), and 10:00 Consumer Confidence (HIGH impact). Watch for consumer sentiment data as the Fear & Greed Index sits at 29 (FEAR).
EARNINGS TODAY — Notable reports: GM (EPS est $3.13), DHI ($2.99), COF ($4.88), HAL ($0.54), EQT ($0.41), CB ($6.60), DHR ($1.84), EFX ($2.21). GM already reported overnight with mixed results.

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Top News Overnight
- $MMM 3M reported better-than-expected Q3 results and raised FY26 EPS guidance above estimates. Shares are trading higher. Direction: UP.
- $GM General Motors lowered FY26 GAAP EPS guidance to $8.98-$10.98 vs $10.80 est, despite a Q2 beat. Direction: DOWN.
- $VMI Valmont Industries beat Q2 estimates and raised FY26 guidance. Direction: UP.
- $MGY Magnolia Oil & Gas to acquire WildFire Energy; stock sinking on the deal. Direction: DOWN.
- $AAPL Apple stock hit historic 11x sales valuation ahead of Tim Cook’s final earnings call. Direction: UP.

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ANALYST MOVES — Morgan Stanley downgraded multiple software names: $ADBE to Underweight (PT $240), $INTU to Equal-Weight (PT $335), $ESTC to Equal-Weight (PT $66), $BL to Equal-Weight (PT $33), $FROG to Equal-Weight (PT $95). Truist downgraded $TENB to Hold (PT $40). Baird raised $SPGI PT to $521 (Outperform).
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STOCKS TO WATCH
- $MMM: Post-earnings momentum with raised guidance. Watch for continuation above recent highs.
- $GM: Mixed earnings with lowered full-year guidance. Expect volatility; key level is $48 support.
- $ADBE: Downgraded to Underweight by Morgan Stanley. Tech weakness may persist; watch $240 PT.
- $AAPL: Historic valuation ahead of Cook’s final call. Sentiment is bullish but high multiple is a risk.
- $MGY: Acquisition news sinking stock. Watch for further downside on deal concerns.
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Coffee, laughs, and 10 years of catching up with my favorite people No plans needed, just good vibes only. #FriendsReunion

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Thanksgiving Special Meal Alert! Juicy roasted turkey, creamy mashed potatoes, and pumpkin pie—warm up your holiday vibe with our limited feast only this week! #ThanksgivingFeast

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