Friday July 24, 2015
Economic Calendar 7/24/2015
Morning Notes
US futures are pointing higher this morning after Amazon reported earnings and is soaring higher by over 20%. European stocks are also trading higher after better than expected earnings from Vodafone and Air France. Asian stocks closed lower.
Technicals
The $SPY tested mid range support of $209.80 yesterday and closed back above at $210.18. This mid range support level will remain intact at $209.80. Resistance overhead at $212.60 followed by descending resistance at $212.80.
In Play
ACRX: AcelRx – The company announced that Zalviso received a positive opinion recommending the granting of a marketing authorisation from the European Medicines Agency Committee for Medicinal Products for Human Use (CHMP) for the treatment of post-operative pain. Gapping up 8% with a 24.6M share float.
Economic Calendar
10:30 ECRI Weekly Index
10:30 ECRI Weekly Annualized (WoW
10:30 New Home Sales [Jun] – Consensus 546.0K
10:30 New Home Sales (MoM) [Jun]
10:30 Markit Mfg. PMI – Consensus 53.60
Earnings Before Open
ABBV: AbbVie – EPS Est. $1.05, Rev Est. $5.60B
BIIB: Biogen- EPS Est. $4.06, Rev Est. $2.70B
AAL: American Airlines – EPS Est. $2.62, Rev Est. $10.89B
BPOP: Popular Inc – EPS Est. $0.79, Rev Est. $358.94M
LEA: Lear- EPS Est. $2.49, Rev Est. $4.69B
FNFG: Fist Niagara Financial Group – EPS Est. $0.14, Rev Est. $351.17M
DTE: DTE Energy Holdings – EPS Est. $0.82, Rev Est. $2.66B
Earnings After Close
NONE
Happy Trading!
