ROKU Earnings Trade | Best Stock Picks Today 8-6-20

BEST STOCK PICKS TODAY

Trading Game Plan 8-6-20

Earnings season produced produced profitable gaps for big tech stocks.But not today for ROKU stock.

ROKU earnings reported increased subscribers but the stock got hit in after hours trading and declined to the previous breakout level of $158. With three weeks of indecision prior to the earning I'm looking for further downside.

With voting on the stimulus package hanging over the stock market like a black cloud I'm expecting today to see a pause in the price action.

FSLY stock got hammered after hours and will be in play today as a day trading setup.

MA stock and LULU stock both generated clean breakout chart patterns with profit potential so both trades will be in my watch list today for swing trades.

Earnings scheduled for today include:
Before the stock market opens: BMY
After Hours: DDOG, TMUS and UBER

Have a great day.
Pete