Economic Calendar & Watch List 7/22/2015


Wednesday July 22, 2015


Economic Calendar 7/22/2015


Morning Notes

US futures are lower this morning as earnings from Apple, Microsoft, and Yahoo are weighing heavily on the markets. European stocks are also trading lower while Asian stocks closed predominantly lower.



The $SPY tested and rejected descending resistance yesterday and closed lower at $211.75. Support below lies at $211.25, $21.60, and $209.8. Resistance overhead remains at the descending resistance line at $212.85.


In Play

LPCN: Lipocine Inc. – The company received a new buy rating at Roth Capital with a $36 price target. Gapping up 6% with a 9.2M share float.

LOCK: LifeLock – The company was hit with allegations from the FTC that the company violated a previous settlement between the two parties. Experienced a selloff yesterday and will continue to be volatile with a lot of range. Gapping up 5% with an 81M share float.


Economic Calendar

9:00 FHFA Housing Price Index (MoM) [May]

9:00 FHFA Housing Price Index – SA [May]

9:00 FHFA Housing Price Index (YoY) [May]

10:00 Existing Home Sales (MoM) [Jun] – Consensus 1.20%

10:00 Existing Home Sales [Jun] – Consensus 5.40M

10:30 EIA Weekly Distillates Stocks – Consensus 1.71M Barrels

10:30 Gasoline Inventories – Consensus 1.03M Barrels

10:30 EIA Crude Oil Inventories – Consensus (2.13M) Barrels


Earnings Before Open

BA: Boeing – EPS Est. $2.06, Rev Est. $23.51B

KO: Coca-Cola – EPS Est. $0.60, Rev Est. $12.07B

ABT: Abbott Labs – EPS Est. $0.50, Rev Est. $5.15B

EMC: EMC – EPS Est. $0.41, Rev Est. $6.10B

TUP: Tupperware Brands – EPS Est. $1.18, Rev Est. $592.03M


Earnings After Close

QCOM: Qualcomm- EPS Est. $0.95, Rev Est. $5.86B

SNDK: SanDisk – EPS Est. $0.33, Rev Est. $1.19B

DFS: Discover Financial – EPS Est. $1.33, Rev Est. $2.23B


Happy Trading!