Economic Calendar 5/20/2015

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Wednesday May 20, 2015

 

Economic Calendar 5/20/2015

 

Morning Notes

US Futures are flat this morning ahead of the FOMC minutes from their April meeting. European Markets are slightly lower while Asian Markets closed mildly lower.

Technicals

The $SPY made another new high in yesterday’s session and closed off the highs at $213.03. Upper range support will now be at $212. Resistance will be at yesterday’s high of $213.57.

SPY_5-20

In Play

SRPT: Sarepta Therapeutics – The Company announced news that they would be filing for regulatory approval of their muscular dystrophy drug. Gapping up 45% with a 35M share float.

PBMD: Prima BioMed – The Company announced positive results from its Phase II study of its ovarian cancer drug showing improvements in patients. Gapping up 37% with a 42M share float.

PTBI: PlasmaTech Biopharmaceuticals – The Company announced that the FDA granted “Orphan Drug Designation” and “Rare Pediatric Disease Designation” for its lead product candidates. Gapping up 8% with a 2.7M share float.

ISR: IsoRay Inc. – The Company reported very positive results for its lung cancer treatment at 96% success in the control study. Gapping up 35% with a 54.4M share float.

 

Economic Calendar

10:30 EIA Gasoline Stocks Change – Consensus 2.08M barrels

10:30 EIA Crude Oil Stocks Change – Consensus 825.0K barrels

2:00 FOMC Meeting Minutes From April Meeting

 

Earnings Before Open

TGT: Target – EPS Est. $1.03, Rev Est. $17.09B

LOW: Lowe’s Corp. – EPS Est. $0.74, Rev Est. $14.27B

SPLS: Staples – EPS Est. $0.17, Rev Est. $5.47B

 

Earnings After Close

LB: L-Brands – EPS Est. $0.60, Rev Est. $2.54B

WSM: Williams-Sonoma – EPS Est. $0.44, Rev Est. $1.01B

CRM: Salesforce.com – EPS Est. $0.14, Rev Est. $1.50B
Happy Trading!

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