8 Stocks That May Lead The Stock Market Higher on April 23

US Markets

• S&P 500 Futures -2.75 points
• US 10-Year Rate 2.585%
• Dollar Index 97.33
• Oil $65.97
• VIX 12.6

International Markets

• Shanghai -0.51%
• Hong Kong Flat
• KOSPI +0.17%
• Nikkei +0.19%
• Germany DAX -0.2%
• UK FTSE +0.24%

S&P 500 (SPY)

The S&P 500 is pointing to a flattish opening, suggesting another day of stagnation at the start. But the patterns continue to suggest that a break out is imminent. A break out would push the index above 2,915 and towards 2,940 –the all-time highs.

Coca-Cola (KO)

Coca-Cola is rising this morning after beating on the top and bottom lines. The stock is popping to around $49.25. The stock is moving towards the upper end of what has been a long-term channel.

Twitter (TWTR)

Twitter is rising sharply after beating on the top and bottom lines. The stock is rising above a resistance level at $36.50, and that could set the stock up for a move towards $42.

Roku (ROKU)

Roku shares are rising this morning after the stock was initiated with an $80 price target at Susquehanna. The stock is trading right at resistance around $59.40. I had looked for a decline to around $52. So far that view appears to be wrong.

Disney (DIS)

Disney’s price target was raised to $168 from $144 at Bank of America today. I outlined about two weeks ago why I thought the stock might rise to $175.

Netflix (NFLX)

Netflix will attempt to keep its bullish momentum today, as it needs a big break out at $378. It could send the shares higher towards $388.

Qualcomm (QCOM)

Qualcomm is also nearing a big break out with the potential for the stock to continue higher towards $88.

Verizon (VZ)

Verizon reported earnings that topped estimates, while revenue came in as expected. Additionally, the company raised its full-year guidance. The stock is rising this morning The $60 to $61 region continues to be the line in the sand for the stock.