Thursday April 30, 2015
Good Morning Traders,
Morning Notes
US Futures are slightly lower this morning on news out of Apple regarding defects in the new watch which will ultimately put pressure on sales until the issue is rectified. AAPL is currently trading lower by 1%. European Markets are also lower after retail sales report for March fell unexpectedly. Asian Markets settled moderately lower.
Technicals
The $SPY tested minor descending resistance of $211.30 and pulled in closing at $210.57 yesterday. Resistance will be at $211.30 and mid range support level is $209. Look for a move above or below these levels with force to determine market direction.
In Play
GLUU: Gluu Mobile – The Company announced news of a pact with TenCent to make a Britney Spears game. Gapping up 26% with a 105M share float.
TASR: Taser International – The Company reported a First quarter earnings and revenue beat. Gapping up 8% with a 52M share float.
Economic Calendar
8:30 Real Personal Consumption
8:30 Personal Spending – Consensus 0.40 percent%
8:30 Personal Income
8:30 Employment Wages
8:30 Employment Benefits
8:30 Core PCE Price Index
8:30 Core PCE Price Index – Consensus 0.20%
8:30 Employment Cost Index – Consensus 0.60%
9:45 Chicago PMI – Consensus 49.10
13:00 Dallas Fed PCE
Earnings Before Open
GG: Goldcorp – EPS Est. $0.10. Rev Est. $953.52M
PSX: Phillips 66 – EPS Est. $1.42. Rev Est. $31.67B
TEVA: Teva Pharma – EPS Est. $1.25. Rev Est. $4.84B
TASR: Taser Int’l – EPS Est. $0.06. Rev Est. $39.97M
CME: CME Group – EPS Est. $0.95. Rev Est. $838.12M
COP: ConocoPhillips – EPS Est. $(0.15). Rev Est. $8.87B
MPC: Marathon Petroleum – EPS Est. $2.87. Rev Est. $19.78B
Earnings After Close
GILD: Gilead – EPS Est. $2.28. Rev Est. $6.81B
FLS: Flowserve – EPS Est. $0.69. Rev Est. $1.07B
TSRO: Tesaro – EPS Est. $(1.12). Rev Est. $1.76B
FSLR: First Solar – EPS Est. $0.10. Rev Est. $1.35B
WU: Western Union – EPS Est. $0.38. Rev Est. $1.31B
FEYE: Fireye – EPS Est. $(0.51). Rev Est. $120.56M
GB: Greatbatch – EPS Est. $0.56. Rev Est. $164.11M
RGC: Regal Ent. – EPS Est. $0.11. Rev Est. $690.53M
LNKD: LinkedIn – EPS Est. $0.56. Rev Est. $636.04M
SPWR: SunPower – EPS Est. $0.09. Rev Est. $452.56M
FSLR: First Solar – EPS Est. $(0.29). Rev Est. $599.47M
DWA: Dreamworks – EPS Est. $(0.42). Rev Est. $164.50M
BMRN: Biomarin Pharma – EPS Est. $(0.53). Rev Est. $202.71M
COLM: Columbia Sportswear – EPS Est. $0.36. Rev Est. $469.59M
PWE: Penn West Petroleum – EPS Est. $(0.25). Rev Est. $321.52M
Happy Trading!
