Economic Calendar 7/15/2015

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Wednesday July 15, 2015

 

Economic Calendar 7/15/2015

 

Morning Notes

US futures are slightly higher and European stocks are also higher, both trading at 2 week highs. Fed Chair Janet Yellen will speak later today at 10:00 to the House Financial Services Committee. China released better than expected Q2 GDP economic data, however the Shanghai still managed to close lower due to the negative sentiment towards Chinese equities.

 

Technicals

The $SPY held the $209.8 level and moved higher in yesterday’s session closing at $210.68, just over the next resistance level of $210.60. $209.80 will still remain the level of support until the price action can hold above $210.60. Resistance overhead lies at $211.25 and $212.60.

SPY_7_15

In Play

OGXI: OncoGenex – William Blair reiterated their outperform rating on shares of OncoGenex Pharmaceuticals with a $6 price target. Gapping up 18% with a 22M share float.

CLSN: Maxim Group began coverage on shares of Celsion. The firm set a “buy” rating and a $12.00 price target on the stock and noted it has upside potential of 400%. Gapping up 9% with a 15M share float.

 

Economic Calendar

8:30 PPI (MoM) – Consensus 0.20%

8:30 PPI (YoY) – Consensus 0.20%

8:30 Core PPI (MoM) – Consensus 0.10%

8:30 Core PPI (YoY) – Consensus 0.70%

9:15 Industrial Production (MoM) – Consensus 0.20%

9:15 Manufacturing Production (MoM) – Consensus 0.10%

9:15 Capacity Utilization Rate – Consensus 78.20%

10:00 Fed Chair Yellen Testifies

10:30 Crude Oil Inventories – Consensus (2.07M)%

10:30 EIA Weekly Distillates Stocks – Consensus 2.17M

10:30 Gasoline Inventories – Consensus 833.0K

12:25 FOMC Member Mester Speaks

2:00 Beige Book

3:00 FOMC Member Williams Speaks

 

Earnings Before Open

BAC: Bank of America – EPS Est. $0.36, Rev Est. $21.30B

DAL: Delta Airlines – EPS Est. $1.23, Rev Est. $10.64B

 

Earnings After Close

NFLX: Netflix – EPS Est. $0.30, Rev Est. $1.65B

INTC: Intel – EPS Est. $0.52, Rev Est. $13.17B

 

Happy Trading!

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