Wednesday May 27, 2015
Economic Calendar 5/27/2015
Morning Notes
US Futures as well as European markets are slightly higher this morning after an unexpected rise in German Consumer confidence was reported. Asian stocks were mixed.
Technicals
The $SPY broke through and closed below two levels of support in yesterday’s session, giving back two weeks of gains. There is light support at $210 and strong support below at $208. The first point of resistance will be at yesterday’s high of $212.91.
In Play
CBLI: Cleveland BioLabs – The Company is getting an opportunity at a National Stage to showcase Entolimod as a potential cancer therapy this week at the American Society of Clinical Oncology in Chicago. Gapping up 13% with a 500K share float.
NSPH: Nanosphere Inc – SWK Holdings reports a passive stake. Gapping up 10% with a 4.8M share float.
HYGS: Hydrogenics – The Company announced news that it had signed an exclusive agreement with Alstom Transport to supply hydrogen fuel cells for European transport trains. Gapping up 35% with a 3.8M share float.
Economic Calendar
8:30 Redbook (YoY)
8:30 Redbook (MoM)
Earnings Before Open
CHS: Chico’s FAS – EPS Est. $0.27, Rev Est. $713.58M
KORS: Michael Kors – EPS Est. $0.91, Rev Est. $1.09B
TIF: Tiffany – EPS Est. $0.70, Rev Est. $919.20M
TOL: Toll Brothers – EPS Est. $0.35, Rev Est. $861.63M
Earnings After Close
COST: Costco – EPS Est. $1.17, Rev Est. $26.72B
TYLS: Tilly’s – EPS Est. $0.04, Rev Est. $121.15M
PLKI: Popeyes LA Chicken – EPS Est. $0.54, Rev Est. $81.38M
Happy Trading!
