Friday June 26, 2015
Economic Calendar 6/26/2015
US Futures are being pulled higher this morning after Nike (NKE) beat the Q4 earnings estimates and is trading nearly 4% higher in the premarket. European markets are off slightly as the standstill continues in trying to reach an agreement between Greece and its creditors. Asian stocks closed predominantly lower.
The $SPY closed lower again yesterday at $209.77, which was below the last level of midrange support. From here, we can expect a move lower down to $208 and then $207 thereafter if $208 does not hold. Resistance will be at the high of yesterday’s range at $211.25, then $211.70.
** There are NO low float gap stocks this morning that are worthy of making the watchlist. Please refer to our momentum scanners after the open to locate a potential trade.
NKE: Nike – The company posted a strong Q4 beat as well as their future orders topping estimates. Gapping over 3% with a strong trending daily chart at highs.
FINL: Finish Line – The company beat on Q1 earnings topping the analysts consensus for both revenue and forecasts. Gapping up over 3% with a daily long trigger level at $30.
MU: Micron Technology – Q4 revenue trails the lowest estimates and also downgraded at Mizuho securities. Gapping down 15%.
10:00 Michigan Consumer Sentiment – Consensus 94.60
Earnings Before Open
FINL: Finish Line – EPS Est. $0.24, Rev Est. $430.59M
Earnings After Close