Economic Calendar 5/18/2015

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Monday May 18, 2015

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Economic Calendar 5/18/2015

Morning Notes

US Futures are off slightly this morning after the record high move in Friday’s session. European Markets are trading lower by over -0.5% after news that there is still no resolution to the debt crisis in Greece. Asian Markets closed mostly mixed.

Technicals

The $SPY closed higher and above resistance on Friday at $212.44. Upper range support levels are $211.9 and $212.9. Resistance will be Friday’s high of $212.61.

SPY_5_18

In Play

PTBI: Plasmatech Biopharmaceuticals – The Company was rated a new buy at H.C. Wainwright with a price target of $15. Gapping up 6.5% with a 2.7M share float.

SGYP: Synergy Pharmaceuticals, Inc -Hedge Fund Paulson & Co. discloses a new stake in the company. Gapping up 14% with a 69.4M share float.

BIOD: Biodel Inc – The Company was rated a new buy at Roth Capital with a $5 price target. Gapping up 11% with a 21.6M share float.

SLTD: Solar3D Inc – The Company reported Q1 financial results and showed a narrowing of

a Q1 loss year over year. Gapping up 10% with a 14.4M share float.

 

Economic Calendar

10:00 NAHB Housing Market Index – Consensus 57.0

 

Earnings Before Open

JASO: JA Solar Holding – EPS Est. $0.09, Rev Est. $411.16M

 

Earnings After Close

CUB: Cubic – EPS Est. $0.49, Rev Est. $322.11M

TTWO: Take-Two Interactive – EPS Est. $0.27,  Rev Est. $458.94M
Happy Trading!

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