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.
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!