Thursday May 28, 2015
Economic Calendar 5/28/2015
Morning Notes
US Futures are down slightly as are European Markets after Finance Ministers who met in Germany said that Greece needs to come to a deal for monetary aid. They noted that Greece needs to now be very serious in striking a deal very soon. Asian stocks closed mixed.
Technicals
The $SPY tested and help $210.90 support in yesterday’s session closing near highs at $212.70. The SPY closed over the highs of Tuesday’s range and now has descending resistance at $213.45. Support will remain at $210.90.
In Play
BIOC: Biocept – The Company announced that it would be presenting an abstract at the ASCO conference. The presentation will highlight the ability of Biocept’s technology and development of liquid biopsy. Gapping up 18% with a 13M share float.
OHGI: One Horizon Group – The Company announced that its App is now supporting China’s mobile pay platforms including Alibaba’s Alipay, Tencent’s Wechat Wallet, and China Union Pay. Gapping up % with a 14.3M share float.
Economic Calendar
8:30 Initial Jobless Claims – Consensus 270.0K
8:30 Continuing Jobless Claims [Apr] – Consensus 2.21M
8:30 Jobless Claims 4-Wk Average
10:00 Pending Home Sales Index [Apr]
10:00 Pending Home Sales (MoM) [Apr]- Consensus 0.90%
10:30 Natural Gas Storage
14:45 FOMC Member Kocherlakota Speaks
Earnings Before Open
SAFM: Sanderson Farms – EPS Est. $3.17, Rev Est. $727.26M
TD: Toronto-Dominion Bank – EPS Est. $1.11, Rev Est. $7.30B
ANF: Abercrombie & Fitch – EPS Est. $(0.33), Rev Est. $731.23M
Earnings After Close
DECK: Deckers Outdoor – EPS Est. $0.00, Rev Est. $321.59M
GME: Gamestop – EPS Est. $0.59, Rev Est. $2.01B
Happy Trading!
