Economic Calendar 7/14/2015

1510

Tuesday July 14, 2015

 

Economic Calendar 7/14/2015

 

Morning Notes

US futures are slightly lower and European stocks are trading lower after yesterday’s sharp rally. The Q2 earnings season officially kicks off today with Earnings from JPM, WFC, and JNJ. Asian stocks closed mixed.

 

Technicals

The $SPY traded sharply higher in yesterday’s session holding well above the $208 support and closing at $209.77, just under the next resistance point of $209.8. New support will be at the low of yesterday’s range, or $208.94 – $209. The overhead resistance lies at $209.8, $210.60, and $211.25.

SPY_7_14

In Play

BIOC: Biocept – The company announced the launch of its proprietary, quantitative assay targeting BRAF mutations utilizing a patient’s blood sample. This diagnostic assay has the potential to help physicians identify patients who might benefit from currently available targeted therapies. Gapping up 15% with a 14M share float.

TBIO: Transgenomic – The company announced the launch of the Transgenomic Leukodystrophy NGS Panel for the diagnosis of leukodystrophy, a group of rare progressive genetic disorders that affect the central nervous system by disrupting the growth or maintenance of the myelin sheath insulating nerve cells. Gapping up 19% with a 9.1M share float.

Economic Calendar

8:30 Export Price Index (MoM) [Jun]- Consensus 0.20%

8:30 Import Price Index (MoM) [Jun]- Consensus 0.10%

8:30 Retail Sales (MoM) [Jun]- Consensus 0.30%

8:30 Core Retail Sales (MoM) [Jun]- Consensus 0.50%

8:30 Retail Sales Ex Gas/Auto (MoM) [Jun]

8:55 Redbook (YoY)

8:55 Redbook (MoM)

9:00 Business Inventories (MoM) [May] – Consensus 0.30%

4:30 API Weekly Gasoline Stock

4:30 API Weekly Crude Oil Stock

4:30 API Weekly Distillates Stock

 

Earnings Before Open

JPM: JP Morgan – EPS Est. $1.44, Rev Est. $24.59B

WFC: Wells Fargo – EPS Est. $1.03, Rev Est. $21.68B

JNJ: Johnson & Johnson – EPS Est. $1.69, Rev Est. $17.74B

 

Earnings After Close

YUM: Yum Brands! – EPS Est. $0.62, Rev Est. $3.19B

CSX: CSX – EPS Est. $0.53, Rev Est. $3.13B

 

Happy Trading!

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