Friday May 29, 2015
Economic Calendar 5/29/2015
US Futures are down ahead of a revision to Q1 GDP which is expected to have contracted in the first quarter of 2015. European markets are trading lower as the Greek bailout concerns continue. Asian markets closed mixed.
The $SPY broke through upper range support of $212.25 but ended the day closing back above at $212.46. Support will remain at the $212 level and $212.75 will act as descending resistance.
TBIO: Transgenomic, Inc. – The Company announced that it has began selling Multiplexed ICE COLD – PCR CLIA service for highly accurate mutation cell detection in cancer patients. Gapping up 36% with and 8.8M share float.
PBMD: PrimaBiomed – The Company announced new intellectual property for IMP321 development. Gapping up 20% with a 42M share float.
8:30 2nd Est. GDP (QoQ) [Q1] – Consensus (0.80)%
8:30 GDP Price Index (QoQ) [Q1] – Consensus (0.10)%
8:30 Real Consumer Spending [Q1] – Consensus 2.00%
8:30 Corporate Profits (QoQ) – Prior (1.60)%
9:45 Chicago PMI [May] – Consensus 53.0
10:00 Michigan Expectations – Consensus 83.10
10:00 Michigan 5-Yr Inflation Expectations
Earnings Before Open
BIG: Big Lots – EPS Est. $0.59, Rev Est. $1.28B
FRO: Frontline – EPS Est. $0.59, Rev Est. $1.28B
Earnings After Close