Best Stock Picks Today | FDX Earnings 9-16-20

BEST STOCK PICKS TODAY

Trading Game Plan: 9-16-20

FDX (Fedex) and ADBE (Adobe) earnings reports have both stocks trading higher in after-hours trading.

Positive earnings guidance has given me some great trades the day after the earnings announcement so I'll be trading both stocks today.

With the FOMC decision on interest rates today we can expect the stock market volume to drop off a cliff between 11:30 and 2 pm. Once the announcement is made, things get interesting.

Something to note, the days following an FOMC day are typically very good for day trading. So, be smart today we should see some easier trades the remainder of the week.

The stocks market seems to have found a short-term bottom, but we need the weekly charts to confirm the bullish bias.

In total we review thirteen stocks to trade today. PTON (Peloton) has traded into interesting price action that leads me to believe a top is here.

Have a great day.
Pete