Thursday May 14, 2015
Economic Calendar 5/14/2015
Morning Notes
US Futures are slightly higher this morning after yesterday’s weak retail sales report may delay the Fed’s decision in raising rates. European and Asian Markets are lower.
Technicals
The $SPY tested $210.60 resistance and closed below at $210.02 in yesterday’s session. Upper range support is at $210 and $210.60 the first point of resistance. Lower range support is at $208, then $207. Above $210.60, we will watch for a retest of $212-$212.25 to break and hold for a move back up.
In Play
ACRX: AcelRx Pharmaceuticals Inc. – The Company announced news that it was awarded a contract from the department of defense for the treatment of acute pain. Gapping up 23% with a 22M share float.
CYRN: Cyren Ltd. – The Company announced news that it has executed an agreement with Dell to use Cyren’s anitmalware protection. Gapping up 12% with a 24M share float.
VBLT: Vascular Biogenics Ltd. – The Company announced news regarding positive trial data for Mullerian Cancer at the ASCO conference. Gapping up 19% with a 6.4M share float.
PTBI: Plasmatech Biopharmaceuticals – The Company announced completion of Sanfilippo Syndrome Toxicology Studies. Gapping up 8% on 2.7M share float.
Economic Calendar
8:30 Continuing Jobless Claims – Consensus 2.24M
8:30 Initial Jobless Claims – Consensus 275.0K
8:30 Jobless Claims 4-Wk Avg. – Prior 279.50K
8:30 Core PPI (YoY) [Apr] – Consensus 1.10%
8:30 PPI (YoY) [Apr] – Consensus (0.80)%
8:30 Core PPI (MoM) [Apr] – Consensus 0.10%
8:30 PPI (MoM) [Apr] – Consensus 0.20%
10:30 Natural Gas Storage [Apr]
Earnings Before Open
KSS: Kohl’s – EPS Est. $0.55, Rev Est. $4.18B
Earnings After Close
AMAT: Applied Materials – EPS Est. $0.28, Rev Est. $2.40B
JWN: Nordstrom – EPS Est. $0.71, Rev Est. $3.17B
KING: King Digital – EPS Est. $0.53, Rev Est. $563.19M
SYMC: Symantec – EPS Est. $0.44, Rev Est. $1.56B
LOCO: El Pollo Loco – EPS Est. $0.17, Rev Est. $88.49M.
Happy Trading!
