Tuesday April 28, 2015
Good Morning Traders,
Morning Notes
US Futures are off this morning by -0.3% as a retrace from record highs the S&P 500 reached in Monday’s session. European Markets are also trading lower by nearly 1% after a decline in banking stocks. Asian stocks settled mildly lower.
Technicals
The $SPY rejected the resistance level of $212.25 and closed at $210.77 in yesterday’s session, below upper support. The resistance will remain at $212.25 and the next support level will be $209.95.
In Play
AGEN: Agenus – Company announced news that a study shows their shingles vaccine cuts risk and provides 97% protection in individuals over the age of 50. Gapping up 8% with a 52M share float.
VDSI: Vasco Data Security – Company posted a Q1 profit, raises 2015 revenue and margin forecasts. Gapping up 9% with a 29M share float.
Economic Calendar
8:55 Redbook (MoM)
8:55 Redbook (YoY)
9:00 S&P/CS HPI 20 nsa (YoY) [Feb] – Consensus 4.70%
9:00 S&P/CS HPI 20 sa (MoM) [Feb]
10:00 CB Consumer Confidence – Consensus 101.60
10:00 Richmond Services Index
10:00 Richmond Mfg. Shipments
10:00 Richmond Mfg. Index
10:30 Dallas Fed Srvcs Revs
10:30 Texas Srvcs Sector Outlook
Earnings Before Open
F: Ford – EPS Est. $0.27. Rev Est. $34.18B
PFE: Pfizer – EPS Est. $0.49. Rev Est. $10.73B
CMI: Cummins – EPS Est. $2.14. Rev Est. $4.54B
AKS: AK Steel – EPS Est. $(0.25). Rev Est. $1.74B
MRK: Merck & Co. – EPS Est. $0.74. Rev Est. $8.99B
BMY: Bristol-Myers Squibb – EPS Est. $0.51. Rev Est. $3.80B
FLWS: 1-800 Flowers.com – EPS Est. $(0.19). Rev Est. $230.41M
WWW: Wolverine World Wide – EPS Est. $0.34. Rev Est. $643.69M
Earnings After Close
GPRO: GoPro – EPS Est. $0.18. Rev Est. $339.64M.
AFL: Aflac – EPS Est. $1.54. Rev Est. $5.30B
OI: Owen-Illinois – EPS Est. $0.42. Rev Est. $1.42B
TWTR: Twitter – EPS Est. $0.04. Rev Est. $456.52M
AKAM: Akamai – EPS Est. $0.61. Rev Est. $526.49M
WYNN: Wynn Resorts – EPS Est. $1.33. Rev Est. $1.18B
PNRA: Panera Bread – EPS Est. $1.44. Rev Est. $658.55M
BWLD: Buffalo Wild Wings – EPS Est. $1.63. Rev Est. $451.87M
Happy Trading!
