Economic Calendar 6/4/2015


Thursday June 4, 2015


Economic Calendar 6/4/2015


Morning Notes

US Futures are lower this morning as European Markets are hitting 4 week lows and down over 1.7% after a selloff in bonds occurs world wide along with the ECB forecasting higher inflation Eurozone inflation rates. Asian stocks closed lower as well.



The $SPY broke back above descending resistance of $211.8 and closed just slightly above it at $211.92 in Wednesday’s trading. Look for a continued move upwards through yesterday’s high of $212.67 and $212.70, the next point of resistance. Support is at $210-$210.20.


In Play

NBY: NovaBay Pharmaceuticals – The Company announced it has received 510(k) clearance from the FDA for its device to safely disinfect contact lenses with hydrogen peroxide. Gapping up 32% with a 47M share float.

AVEO: Aveo Pharmaceuticals – The Company announced it recieved European regulatory guidance regarding potential marketing authorization application for Tivozanib last night. Gapping up 28% with a 18.6M share float.

NEON: Neonode – The Company announced it has signed a development and license agreement with Samsung Electronics Co., Ltd. to incorporate zForce CORE technology into its printer applications. Gapping up 9% with a 33.9M share float.


Economic Calendar

8:30 Unit Labor Costs (QoQ) [Q1] – Consensus 5.90%

8:30 Nonfarm Productivity (QoQ) [Q1] – Consensus (2.90)%

8:30 Initial Jobless Claims – Consensus 279.0

8:30 Continuing Jobless Claims – Consensus 2.21M

8:30 Jobless Claim 4-Wk Avg.

10:30 Natural Gas Storage

12:00 FOMC Member Tarullo Speaks


Earnings Before Open

SJM: JM Smucker – EPS Est. $0.99, Rev Est. $1.34B

JOY: Joy Global – EPS Est. $0.56, Rev Est. $809.94M

UTIW: UTI Worldwide – EPS Est. $(0.15), Rev Est. $1.02B

CIEN: Ciena – EPS Est. $0.24, Rev Est. $606.53M

LE: Lands’ End- EPS Est. $0.03, Rev Est. $320.54M


Earnings After Close

ALOG: Analogic – EPS Est. $0.99, Rev Est. $132.79M

COO: Cooper – EPS Est. $1.76, Rev Est. $453.60M

ZUMZ: Zumiez – EPS Est. $0.12, Rev Est. $179.58M

SEAC: SeaqChange Int’l – EPS Est. $(0.17), Rev Est. $22.97M

ZOES: Zoe’s Kitchen – EPS Est. $(0.01), Rev Est. $61.52M


Happy Trading!