Friday June 19, 2015
Economic Calendar 6/19/2015
Morning Notes
US Futures are higher again this morning along with European stocks trading higher by over 1% after a Greece resolution in the very near term looks to be optimistic. The ECB is expected to hold an emergency meeting today to discuss the Greek banks which led to a move higher in stocks.. Asian stocks closed mixed.
Technicals
The $SPY closed at $212.78 in yesterday’s trading which was above resistance of $212.70. Next support will be the most recent high and pivot at $213.78. Upper range support will now be at $211 and $212.
In Play
LIVE: LiveDeal – The company announced it anticipates fiscal year 2015 to be a record year for the Company, as a result of its strategic acquisitions and significant increase in sales. Gapping up 7% with a 7.4M share float.
HNR: Harvest Natural Resources – The company announced $32.2 million in funding and strategic partnership to maximize long term value of Venezuelan operations. Gapping up 17% with a 38M share float.
AERI: Aerie Pharmaceuticals – The company received a very big upgrade out of Cannacord Genuity from $12 to $40 and a buy rating. Gapping up 13% with a 21M share float.
Economic Calendar
10:30 ECRI Weekly Index
10:30 ECRI Weekly Annualized (WoW)
11:40 FOMC Member Williams Speaks
12:00 FOMC Member Mester Speaks
Earnings Before Open
KMX: CarMax – EPS Est. $0.86, Rev Est. $4.15B
KBH: KB Home – EPS Est. $0.08, Rev Est. $622.70M
Earnings After Close
NONE
Happy Trading!