Economic Calendar & Watchlist 7/21/2015

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Tuesday July 21, 2015

 

Economic Calendar 7/21/2015

 

Morning Notes

US futures are unchanged after IBM declined 5% on earnings late yesterday and European markets are slightly lower led by a slip in drug stocks after Novartis lost 2% on lower than expected earnings. Asian stocks closed higher.

 

Technicals

The $SPY tested descending resistance yesterday of $212.85 and closed back below at $212.59. Resistance will remain at the descending support of $212.85 followed by $213.34. Upper range support will now be $212 – $212.20.

SPy_7_21

In Play

EDAP: Edap TMS SA – The company announced that it has received a letter from the U.S. Food and Drug Administration (“FDA”) related to its Direct De Novo 510(k) petition for Ablatherm HIFU in the United States. The “Deficiency List” (as such communications about a regulatory filing are officially termed), identifies items and topics for which the FDA has requested additional information or further clarification to continue its ongoing review. Only four (4) points were raised in the deficiency list and the company believes it can address each of the issues. Gapping up 7% with a 25M share float.

OGXI: OncoGenex Pharmaceuticals – Analsyt firm William Blair pushed its price target to $6 from $5. Gapping up 6% with a 22M share float.

Economic Calendar

8:55 Redbook (MoM)

8:55 Redbook (YoY)

4:30 API Weekly Crude Oil Stock

 

Earnings Before Open

VZ: Verizon – EPS Est. $1.00, Rev Est. $32.53B

TRV: Travelers – EPS Est. $2.09, Rev Est. $6.26B

HOG: Harley Davidson- EPS Est. $1.41, Rev Est. $1.68B

 

Earnings After Close

AAPL: Apple – EPS Est. $1.76, Rev Est. $1.03B

CMG: Chipotle – EPS Est. $4.46, Rev Est. $1.22B

GPRO: GoPro – EPS Est. $.26

YHOO: Yahoo! – EPS Est. $0.18, Rev Est. $1.03B

VMW: VMWare – EPS Est. $0.91, Rev Est. $1.59B

MSFT: Microsoft – EPS Est. $0.56, Rev Est. $22.08B

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