Economic Calendar 6/11/2015

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Thursday June 11, 2015

 

Economic Calendar 6/11/2015

 

Morning Notes

US Futures are lower this morning ahead of a few economic releases. May retail sales data and weekly jobless claims are to be released at 8:30 A.M. EST. European stocks are trading higher by nearly 1% after the Greek Prime Minister said he would work harder to reach a deal with creditors. Asian stocks closed higher.

 

Technicals

The $SPY held the $208 support level and made a strong move higher in yesterday’s session closing at $210.95, just under descending resistance of $211. The SPY must break and hold above descending resistance of $211 for a continued move higher. Mid range support will be the low of yesterday’s range at $209.30 and $208 as the pivot low.

SPY_6_11

In Play

PTBI: PlasmaTech Biopharmaceuticals – Roth initiated coverage of the company with a BUY rating and a 12 month price target of $16. Gapping up 13% with a 4.6M share float.

ATOS: Atossa Genetics – The Company announced that it has received a patent for their proprietary process of Breast Cancer Detection using Absorbent Paper. Gapping up 13% with a 22.4M share float.

 

Economic Calendar

8:30 Jobless Claims 4wk Avg.

8:30 Initial Jobless Claims – Consensus 277.0K

8:30 Continuing Jobless Claims – Consensus 2.19M

8:30 Retail Sales Ex Gas/Autos (MoM) [May]

8:30 Retail Sales (MoM) [May] – Consensus 1.10%

8:30 Core Retail Sales (MoM) [May] – Consensus 0.70%

8:30 Export Prices Index (MoM) [May] – Consensus 0.20%

8:30 Import Prices Index (MoM) [May] – Consensus 0.80%

 

Earnings Before Open

NONE

 

Earnings After Close

RH: Restoration Hardware – EPS Est. $0.20, Rev Est. $418.97M

XONE: ExOne – EPS Est. $(0.29), Rev Est. $8.03M
Happy Trading!

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