Economic Calendar 5/4/2015

1904

Monday May 4, 2015

 

Economic Calendar 5/4/2015

 

Morning Notes

US Futures are higher and European Markets trading higher by nearly 1% following a report that the Eurozone Manufacturing report for April was adjusted higher. Comcast, CMCSA, is trading higher by 3% after a 1Q earnings beat. Asian Markets closed moderately higher.

Technicals

The $SPY closed at $210.72 on Friday which is back above support of $209.95 but below  descending resistance of $211.25. The next level of resistance is $212.25 and ascending support at $208.50.

SPY_5_4

In Play

ICLD: InterCloud Systems – The Company announced news of a launch of a new cloud based Network Platform called NFVgrid. Shares rose higher by 76% on Friday and look to extend gains today with a float rotation. Gapping up 13% with a 14.4M share float.

SCOK: SinoCoking Coal and Coke Chemical Industries, Inc. – The Company reported $5 million in 1Q Synagas production and also its completion of construction of its second above ground Synagas production facility. Gapping up 6% with a 14.7M share float.

 

Economic Calendar

10:00 Factory Orders – Consensus 2.00%

10:00 Factory Orders ex Trans

12:25 Fed’s Charles Evans Speaks

15:10 Fed’s John Williams Speaks

 

Earnings Before Open

TSN: Tyson Foods – EPS Est. $0.72. Rev Est. $10.11B

CVC: Cablevision Systems – EPS Est. $0.17. Rev Est. $1.60B

BWP: Boardwalk Pipeline – EPS Est. $0.37. Rev Est. $333.11M

GBL: GAMCO Investors – EPS Est. $1.04.

MGM: MGM Resorts Int’l – EPS Est. $0.14. Rev Est. $2.42B

 

Earnings After Close

CAR: Avis Budget Group – EPS Est. $0.14. Rev Est. $1.91B

IM: Ingram Micro – EPS Est. $0.45. Rev Est. $10.58B

RGR: Sturm Ruger & Co. – EPS Est. $0.65. Rev Est. $117.47M
Happy Trading!

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