Wednesday May 27, 2015
Economic Calendar 5/27/2015
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.
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.
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.
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