Thursday April 23, 2015
Good Morning Traders,
Morning Notes
US Futures are lower this morning along with European Markets trading off by -1% on news of weaker than expected manufacturing reports. Asian manufacturing reports slowed the most in the prior year while European manufacturing fell unexpectedly. US tech stocks are being led lower by QCOM, FB, and TXN after reporting weak earnings.
Technicals
The $SPY remains range bound between $211 and $209. In yesterday’s session the $SPY tested support of $209, held and closed higher but below $211. Same levels remain in play with $211 as resistance and $209 as support.
In Play
CYTX: Cytori Therapeutics – The company presented data from two preclinical studies funded through its contract with the United States Biomedical Advanced Research and Development Authority (BARDA) at the 2015 American Burn Association Meeting this week in Chicago. The findings provide greater detail as to how Cytori’s cellular therapeutic improves healing following thermal burn injury even in subjects with substantial radiation exposure. Gapping up 8% with a 78M share float.
Economic Calendar
08:30 Initial Jobless Claims – Consensus 290.0K
08:30 Continuing Jobless Claims – Consensus 2.30M
08:30 Jobless Claims 4-Week Avg.
09:45 Manufacturing PMI [Apr]- Consensus 55.50
10:00 New Home Sales (MoM) [Mar] – Consensus (5.40)%
10:00 New Home Sales [Mar] – Consensus 513.0K
10:30 Natural Gas Storage
11:00 KC Fed Composite Index [Apr]
Earnings Before Open
MMM: 3M – EPS Est. $1.93, Rev Est. $7.86B
PEP: Pepsi – EPS Est. $0.80, Rev Est. $12.24B
LLY: Eli Lilly – EPS Est. $0.75, Rev Est. $4.66B
CAT: Caterpillar – EPS Est. $1.34, Rev Est. $12.49B
CAB: Cabela’s – EPS Est. $0.35, Rev Est. $802.75M
GE: General Motors – EPS Est. $0.96, Rev Est. $37.61B
KKR: KKR & Co. – EPS Est. $0.64, Rev Est. $267.86M
LUV: Southwest Airlines – EPS Est. $0.64, Rev Est. $4.42B
JNS: Janus Capital – EPS Est. $0.21, Rev Est. $254.46M
PG: Proctor & Gamble – EPS Est. $0.94, Rev Est. $18.53B
DNKN: Dunkin Brands – EPS Est. $0.36, Rev Est. $180.85M
Earnings After Close
P: Pandora – EPS Est. $0.18, Rev Est. $276.25M
SBUX: Starbucks – EPS Est. $0.65, Rev Est. $4.52B
HBI: Hanesbrands – EPS Est. $0.23, Rev Est. $1.22B
MSFT: Microsoft – EPS Est. $0.52, Rev Est. $21.15B
AMZN: Amazon – EPS Est. $(0.12), Rev Est. $22.43B
ETFC: E*Trade – EPS Est. $0.24, Rev Est. $445.33M
GIMO: Gigamon – EPS Est. $0.04, Rev Est. $42.23M
NEM: Newmont Mining – EPS Est. $0.27, Rev Est. $2.02B
JNPR: Juniper Networks – EPS Est. $0.31, Rev Est. $1.04B
ELY: Callaway Golf – EPS Est. $0.29, Rev Est. $305.67M
BJRI: BJ’s Restaurant – EPS Est. $0.28, Rev Est. $226.63M
FSL: Freescale Semiconductor – EPS Est. $0.45, Rev Est. $1.16B
HA: Hawaiian Holdings – EPS Est. $0.31, Rev Est. $534.13M
Happy Trading!
