Economic Calendar 6/17/2015


Wednesday June 17, 2015


Economic Calendar 6/17/2015


Morning Notes

US Futures are pointing slightly higher this morning ahead of the FOMC statement at 2:00 P.M EST. In the spotlight will be the comments regarding interest rates and from Fed Chair Yellen. European stocks are down again today as it continues to feel the pressure with the situation in Greece.



The $SPY rallied in yesterday’s session closing at $212.25 which is above both descending and horizontal resistance levels. Next resistance will be at $211 and then $212.70. Upper support will now be at $210.


In Play

SGYP: Synergy Pharmaceuticals – The company announced its late-stage study of a gastrointestinal drug significantly exceeded expectations, fueling prospects that the company will attract a takeover offer. Gapping up 47% with a 87M share float.

CRMD: CorMedix Inc – The company announced it has received positive feedback from the FDA regarding a second pivotal clinical trial protocol. Gapping up 21% with a 24M share float.


Economic Calendar

10:30 Crude Oil Inventories – Consensus (1.83M)

10:30 Gasoline Inventories – Consensus 733.0K

10:30 EIA Weekly Distillates – Consensus 1.33M

2:00 FOMC Statement

2:30 Chair Yellen Press Conference

Earnings Before Open

FDX: FedEx – EPS Est. $(0.20), Rev Est. $20.10M


Earnings After Close

ORCL: Oracle – EPS Est. $0.87, Rev Est. $10.95B

JBL: Jabil Circuit – EPS Est. $0.49, Rev Est. $4.46B

PIR: Pier 1 Imports – EPS Est. $0.08, Rev Est. $434.53M


Happy Trading!