Economic Calendar 3/25/2015

1733

Wednesday March 25, 2015

 

Good Morning Traders,

 

Morning Notes

US Futures are pointing higher this morning on Merger and Acquisition activity. Kraft foods announced news that it will be merging with H.J. Heinz. Kraft Foods ($KRFT) is trading higher by 30%. European and Asian Markets remained relatively quiet overnight.

 

Technicals

The $SPY closed below the active upper support zone of $209 yesterday. The next level is comprised of two intersecting points which will strengthen the underlying support. The low of the range on the Fed minutes announcement on March 18 of $206.62 which also happens to be ascending support. Resistance to the upside is descending resistance at $211.76.

 

In Play

VBLT: Interim Study Data Show Survival Improvement. Gapping up over 15% with a 12M share float.

APOL: Gapping down over 15% on 2Q results and lowering guidance. 9M share float.

 

Economic Calendar

08:30 Core Durable Goods Order (MoM) [Fed] – Consensus 0.30%

08:30 Orders Non Def. Ex Air (MoM) [Feb] – Consensus 0.30%

08:30 Durables Excluding Defense (MoM) [Feb]- Prior 2.90%

08:30 Durables Goods Orders (MoM) [Feb]- Consensus 0.40%

10:30 EIA Weekly Distillates Stocks – Consensus (1.06M) barrels

10:30 Crude Oil Inventories

 

Earnings After Close

PVH: PVH – EPS Est. $1.73, Prior $1.43.  Rev Est. $2.01B

FIVE: Five Below – EPS Est. $0.60, Prior $0.47.  Rev Est. $262.40M

RHT: Red Hat – EPS Est. $0.41, Prior $0.39.  Rev Est. $456.80M

Happy Trading!

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