Economic Calendar 5/27/2015

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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.

SPY_5_27

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!

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