Monday May 11, 2015
Economic Calendar 5/11/2015
Morning Notes
US Futures are lower this morning after Friday’s surge higher.European Markets are trading lower ahead of a meeting with Greek and Eurozone officials attempt to work out details for a debt deal. Asian Markets closed higher and China announced they were increasing stimulus and slashing interest rates.
Technicals
The $SPY broke through descending resistance and closed higher on Friday at $211.62. New upper support will be $211 and resistance at $212.25
In Play
ICLD: InterCloud Systems – The Company announced it will release Q1 earnings results early and scheduled a conference call for Wednesday May 13. Gapping up 7% with a 14.4M share float.
ZU: Zulily – The Company announced that Alibaba (BABA) has boosted their stake in the company to 9.3%. Gapping up 20% with a 56M share float.
CANF: Can-Fite Biopharma – The Company announced that its Liver Cancer Trial drug has been approved for use in Europe. Gapping up 15% with a 9.3M share float.
CDTI: Clean Diesel Technology – The Company announced that it will be supplying its proprietary diesel filters to the New York Department of Sanitation Fleet. Gapping up 25% with a 13M share float.
Economic Calendar
NONE
Earnings Before Open
ACT: Actavis – EPS Est. $3.94. Rev Est. $4.04B
DF: Dean Foods – EPS Est. $0.17. Rev Est. $2.11B
DISH: Dish Network – EPS Est. $0.40. Rev Est. $3.47B
SSYS: Stratasys – EPS Est. $0.03. Rev Est. $172.57M
PLUG: Plug Power – EPS Est. $(0.06). Rev Est. $17.20M
Earnings After Close
JOBS: 51job – EPS Est. $0.37. Rev Est. $76.62M
RAX: Rackspace – EPS Est. $0.20. Rev Est. $481.71M
SF: Stifel Financial – EPS Est. $0.73. Rev Est. $590.73M
ORIG: Ocean Rig UDW – EPS Est. $0.08. Rev Est. $369.44M
MDR: McDermott Int’l – EPS Est. $(0.08). Rev Est. $750.43M
Happy Trading!