Monday June 8, 2015
Economic Calendar 6/8/2015
Morning Notes
US Futures are slightly lower this morning as well as European stocks trading lower by -0.70% all fueled by the Greek debt crisis as Greece is seeking another extension from creditors. Asian markets closed mixed.
Technicals
The $SPY broke through $210 support on Friday and closed below at $209.77. Next support is at $208 and the first level of resistance will be at the high of Friday, or $210.58
In Play
PTBI: PlasmaTech Biopharmaceuticals – The Company announced a license for an AAV gene therapy treatment of juvenile Batten Disease from UneMed, the technology commercialization office for University of Nebraska Medical Center. Gapping up 13% with a 5.85M share float.
BLDP: Ballard Power – The Company announced a 10M dollar deal to provide China with clean power for 33 buses. Gapping up 13% with a 132M share float.
Economic Calendar
NONE
Earnings Before Open
SHLD: Sears Holding – EPS Est. $(2.59), Rev Est. $6.08B
Earnings After Close
HRB: H&R Block – EPS Est. $2.70, Rev Est. $2.31B
PBY: Pep Boys – EPS Est. $0.03, Rev Est. $549.65M
FCEL: Fuelcell Energy – EPS Est. $(0.02), Rev Est. $41.30M
Happy Trading!
