Economic Calendar 5/14/2015

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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.

SPY_5_14

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!