Monday July 20, 2015
Economic Calendar 7/20/2015
Morning Notes
US futures are higher this morning along with European stocks are trading higher after the Greek government paying its creditors 6.8 billion Euros. Greek banks reopen today however the Greek financial markets will remain closed. Asian stocks closed mixed.
Technicals
The $SPY closed higher on Friday at $212.55, right between two tightly situated pivot points. Resistance overhead is at $212.60 followed by descending resistance at $212.85. Upper range support is at $211.80 – $212.
In Play
VLTC: Voltari Corp – Momentum mover from last week. Continuation play. Gapping up 4% with a 2.2M share float.
GENE: Genetic Technologies – Rallied over 20% in last week’s trading. Continuation play. Gapping up 7% with a 3.5M share float.
Economic Calendar
NONE
Earnings Before Open
MS: Morgan Stanley – EPS Est. $0.74, Rev Est. $9.10B
HAL: Halliburton – EPS Est. $0.31, Rev Est. $5.89B
HAS: Hasbro – EPS Est. $0.2, Rev Est. $771.83M
EXAS: Exact Sciences – EPS Est. $(0.44), Rev Est. $7.33M
Earnings After Close
IBM: IBM – EPS Est. $3.79, Rev Est. $20.92
STLD: Steel Dynamics – EPS Est. $0.23, Rev Est. $1.97B
JAZZ: Jazz Pharma. – EPS Est. $2.41, Rev Est. $335.36M
Happy Trading!