Economic Calendar & Watch List 7/24/2015

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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.

SPY_7_24

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, ┬áRev 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!

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