Economic Calendar 7/16/2015

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Thursday July 16, 2015

 

Economic Calendar 7/16/2015

 

Morning Notes

US futures are pointing higher this morning and European stocks are up nearly 1.5% after the Greek Parliament approved conditions for a bailout in addition to European Finance Ministers extending a 7 Billion euro short term loan to Greece. Asian stocks closed higher.

 

Technicals

The $SPY closed slightly negative yesterday at $210.61, just above the $210.60 resistance level. Resistance overhead lies at $211.25, $212.25, and then descending resistance at $213. Support will remain at $209.60 – $209.80.

SPY_7_16

In Play

NVGN: Novogen – The company announced its drug, Anisina, receives FDA Orphan Drug status as neuroblastoma treatment. Gapping up 10% with a 9M share float.

 

Economic Calendar

8:30 Continuing Jobless Claims – Consensus 2.29M

8:30 Initial Jobless Claims – Consensus 285K

8:30 Jobless Claims 4-Week Avg.

10:00 Fed Chair Yellen Testifies For Second Day

10:00 NAHB Housing Index [Jul]- Consensus 60

10:00 Philly Fed Mfg. Index [Jul] – Consensus 12

10:00 Philly Fed Business Conditions [Jul]

10:00 Philly Fed CapEx [Jul]

10:00 Philly Fed Employment [Jul]

10:00 Philly Fed New Orders [Jul]

10:00 Philly Fed Prices Paid [Jul]

10:30 Natural Gas Storage – Consensus 95B

4:00 TIC Net Long-Term Transactions [May]

4:00 TIC Net Long-Term Transactions Inc. Swaps [May]

 

Earnings Before Open

C: Citigroup – EPS Est. $1.36, Rev Est. $19.34B

GS: Goldman Sachs – EPS Est. $3.90, Rev Est. $8.82B

PM: Philip Morris – EPS Est. $1.13, Rev Est. $6.69B

EBAY: eBay- EPS Est. $0.73, Rev Est. $4.49B

 

Earnings After Close

GOOG: Google – EPS Est. $6.70, Rev Est. $17.75B

CTAS: Cintas – EPS Est. $0.84, Rev Est. $1.15B

Happy Trading!

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