Tuesday June 23, 2015
Economic Calendar 6/23/2015
Morning Notes
US Futures are higher this morning along with European stocks trading at a 3 week high on continued optimism of an imminent deal with Greece and its creditors. Asian stocks also were also pushed higher on the news and closed in the positive.
Technicals
The $SPY ended higher in yesterday’s session closing at $211.89. New upper range support is $211.55 and the first resistance is at the high of yesterday, or $212.59.
In Play
PHMD: PhotoMedix Inc. – The company announced it has sold its XTRAC business to Mela Sciences (MELA) for $42.5 million and pays off all outstanding debt. Gapping up 25% with a 11M share float.
EYES: Second Sight Announces Positive Long-Term Results of the Argus II Retinal Prosthesis System. Gapping up 9% with a 13M share float.
LIVE: LiveDeal – The company announced its first target in its new acquisition plan. The target company had 60 million in revenue and 5 million in profit as shown in the 2014 financial statements. Gapping up 8% with a 7.4M share float.
Tuesday’s Full Watchlist
Economic Calendar
8:00 FOMC Member Powell Speaks
8:30 Durable Goods Orders (MoM) [May] – Consensus (0.50)%
8:30 Durables Ex. Def. (MoM) [May]
8:30 Non-Def Orders Ex. Air (MoM) [May] – Consensus 0.50%
8:30 Core Durables Orders (MoM) [May] – Consensus 0.60%
8:30 Redbook (YoY)
8:30 Redbook (MoM)
9:00 House Price Index [Apr]
9:00 House Price Index (YoY) [Apr]
9:00 House Price Index (MoM) [Apr] – Consensus 0.60%
9:45 Manufacturing PMI [Jun] – Consensus 54.20
10:00 New Home Sales (MoM) [May] – Consensus 1.50%
10:00 New Home Sales [May] – Consensus 525.0K
10:00 Richmond Manf. Index [Jun] – Consensus 3.00
10:00 Richmond Manf. Shipping [Jun]
10:00 Richmond Services Index [Jun]
Earnings Before Open
BBRY: Blackberry – EPS Est. $(0.03), Rev Est. $692.30M
DRI: Darden – EPS Est. $0.93, Rev Est. $1.87B
CCL: Carnival – EPS Est. $0.16, Rev Est. $3.56B
Earnings After Close
NONE
Happy Trading!