Economic Calendar 7/1/2015


Wednesday July 1, 2015


Economic Calendar 7/1/2015


Morning Notes

US Futures are slightly higher this morning and European stocks are also trading higher on optimism on Greece is ready to accept proposals from creditors to put an end to the struggle over a bailout. Asian stocks closed mixed.



The $SPY tested the 200 day moving average again yesterday and closed slightly back above it at $205.85. Support will remain to be at the 200 day moving average of $205.40-$205.30. The pivot point for a potential move back higher is $207.30. Resistance above that is at $208.


In Play

RCPI: Rock Creek Pharmaceuticals – announced today the results of a human proof of principle study with anatabine citrate, the Company’s lead compound. Results from the study show that a single oral dose of anatabine citrate can significantly inhibit the activation of inflammatory proteins in the blood of human subjects. Gapping up 28% with a 7.6M share float.

TLOG: announced preliminary data from the ongoing Phase 2A study of birinapant in combination with azacitidine in first line higher risk myelodysplastic syndromes (MDS). Says 3 patients in MDS study had complete response. Gapping up 30% with a 9.9M share float.

FREE: FreeSeas – Greece -based shipping company been beaten down moving higher on the Greek optimism. Gaping up 17%.


Economic Calendar

8:15 ADP Nonfarm Employment Change – Consensus 205.0K

9:45 Manufacturing PMI

10:00 ISM Manufacturing Prices

10:00 ISM Manufacturing PMI – Consensus 53.0

10:00 ISM Manufacturing New Orders Index

10:00 ISM Manufacturing Employment

10:00 Construction Spending – Consensus 0.40%

1:30 Domestic Truck Sales – Consensus 7.90M

1:30 All Truck Sales


Earnings Before Open

GIS: General Mills – EPS Est. $0.71, Rev Est. $4.53B

STZ: Constellation Brands – EPS Est. $1.23, Rev Est. $1.62B

MKC: McCormick & Co. – EPS Est. $0.68, Rev Est. $1.03B

PAYX: Paychex – EPS Est. $0.44, Rev Est. $690.53M


Earnings After Close


Happy Trading!