Thursday May 14, 2015
Economic Calendar 5/14/2015
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.
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.
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.
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.