Economic Calendar 6/12/2015

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Friday June 12, 2015

 

Economic Calendar 6/12/2015

 

Morning Notes

US Futures are pointing lower this morning ahead of the May PPI economic data to be reported at 8:30 A.M. EST. European stocks are trading lower by -0.5% on continued Greek debt concerns. Asian stocks closed higher.

 

Technicals

The $SPY continued its move higher in yesterday’s session after breaking through and closing above descending resistance at $211.New upper range support will be at $211 and the first point of resistance is at $212.70.

SPY_6_12

In Play

CALA: Calithera Biosciences – The Company presented at the European Hematology Association (EHA), in Vienna, Austria. The data demonstrated the clinical activity, tolerability and unique mechanism of action of CB-839 in patients with acute leukemia. Gapping up 10% with a 8.3M share float.

SNSS: Sunesis Pharmaceuticals – The Company presented its VALOR drug, which treats acute leukemia, at the European Hematology Association (EHA). Gapping up 11% with a 63M share float.

ESI: ITT Educational Services –  Reports The Filing Of Its First Quarter 2015 Form 10-Q, Diluted EPS Of $0.44 and Rev of $230M In The First Quarter And Additional Updates. Gapping up 24% with a 16.7M share float.

 

Economic Calendar

8:30 Core PPI (MoM) [May] – Consensus 0.10%

8:30 PPI (MoM) [May] – Consensus 0.40%

8:30 Core PPI (YoY) [May] – Consensus 0.70%

8:30 PPI (YoY) [May] – Consensus (1.10)%

10:00 Michigan Current Conditions [Jun] – Consensus 96.50

10:00 Michigan Consumer Expectations [Jun]- Consensus 85.00

10:00 Michigan Inflation Expectations [Jun]

10:00 Michigan 5-Year Inflation Expectations [Jun]

10:00 Michigan Consumer Sentiment [Jun]- Consensus 91.50

 

Earnings Before Open

KUTV: Ku6 Media ADR – EPS Est. $0.41, Rev Est. $78.48M

 

Earnings After Close

NONE

Happy Trading!

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