Friday May 22, 2015
Economic Calendar 5/22/2015
Morning Notes
US Futures are slightly lower this morning along with European Markets trading near the lows as the market awaits Fed Chair Janet Yellen’s speech. Asian Markets closed moderately higher.
Technicals
The $SPY held the upper range support in yesterday’s session and now has created a new pivot point. The pivot point zone will be $212.25 – $212.5. Resistance is at the high of the flag created in the last 2 sessions at $213.8.
In Play
ONTY: Oncothyreon – The Company will be presenting data on ONT-380, their breast cancer blocking drug, at the 2015 ASCO conference on May 31. Gapping up 28% with a 80.8M share float.
Economic Calendar
8:30 CPI (YoY) [Apr] – Consensus (0.10)%
8:30 Core CPI (YoY) [Apr] – Consensus 1.70%
8:30 CPI (MoM) [Apr] – Consensus 0.10%
8:30 Core CPI (MoM) [Apr] – Consensus 0.20%
8:30 CPI Index (nsa) – Consensus 236.71
8:30 Core CPI Index
13:00 BHI Rig Counts
13:00 Fed’s Janet Yellen Speaks
Earnings Before Open
DE: Deere & Co – EPS Est. $1.55, Rev Est. $7.53B
FL: Foot Locker – EPS Est. $1.23, Rev Est. $1.91B
CPB: Campbell Soup – EPS Est. $0.52, Rev Est. $1.93B
ANN: Ann Stores – EPS Est. $0.33, Rev Est. $604.86M
HIBB: Hibbett Sports – EPS Est. $1.13, Rev Est. $274.24M
Earnings After Close
NONE
Happy Trading!
