Tuesday May 12, 2015
Economic Calendar 5/12/2015
Morning Notes
US Futures are sharply lower this morning nearing 1% after worldwide bond prices are now at the point where they are lower than worldwide equity prices and Goldman Sachs noting that long term bond prices are a poor investment.
Technicals
The $SPY closed below $211 support in yesterday’s session. The %SPY is currently down sharply in pre market trading near $208.50. Next support is at $208 then $207. Resistance is at $212 and $212.25.
In Play
THLD: Threshold Pharmaceuticals – The Company announced news that it has received a fast track designation from the FDA for its pancreatic cancer drug. Gapping up 17% with a 59.6M share float.
VGGL: VIggle, Inc. – Shares of VGGL surged higher by over 50% in yesterday’s trading. Watch for continuation move today. gapping up 3.5% with a 7.8M share float and an 18% short interest.
Economic Calendar
9:00 NFIB Small Business Optimism
10:00 JOLTs
14:00 Federal Budget Balance
Earnings Before Open
LDOS: Leidos Holdings – EPS Est. $0.59. Rev Est. $1.23B
IBP: Installed Building Products – EPS Est. $0.10. Rev Est. $128.00M
Earnings After Close
RENN: RenRen – Rev Est. $29.72M
Z: Zillow – EPS Est. $(0.11). Rev Est. $137.51M
NLST: Netlist – EPS Est. $(0.11). Rev Est. $2.50M
FIVN: Five9 – EPS Est. $(0.17). Rev Est. $28.45M
GEVO: Gevo – EPS Est. $(1.20). Rev Est. $6.10M
Happy Trading!
