Economic Calendar 5/27/2015

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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.

SPY_5_28

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!

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