Economic Calendar & Watch List 7/27/2015

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Monday July 27, 2015

 

Economic Calendar 7/27/2015

 

Morning Notes

US futures are lower this morning as the Shanghai Index plummeted over 8% overnight on news that Chinese Industrial profits fell by nearly 30% in June compared to a year ago. Europe is also trading lower on the negative news out of China.

 

Technicals

The $SPY broke down through multiple levels of support on Friday while finally closing at $208. The next support below lies at $206.40 – $206.50, the 200 day moving average. Resistance will be at $208, then the high of Friday at $210.37.

SPY_7_27

In Play

MNOV: MediciNova – MediciNova Announces FDA Approval of the Second Phase 2 Protocol for MN-001 in NASH Which Targets NASH Patients With Hypertriglyceridemia. Gapping up 27% with a 22.4M share float.

 

Economic Calendar

8:30 Core Durable Goods (MoM) [Jun] – Consensus 0.30%

8:30 Durable Goods (MoM) [Jun] – Consensus 2.50%

8:30 Durable Goods Ex. Def. (MoM) [Jun]

8:30 Durable Goods Non-Def. Ex. Air (MoM) [Jun]

10:30 Dallas FED Mfg. Index [Jul]

 

Earnings Before Open

CAJ: Canon – EPS Est. $0.53, Rev Est. $7.89B

PHG: Canon – EPS Est. $0.53, Rev Est. $7.89B

NSC: Northfolk Southern – EPS Est. $1.52, Rev Est. $2.82B

 

Earnings After Close

PRE: PartnerRe – EPS Est. $2.20, Rev Est. $1.45B

BIDU: Baidu – EPS Est. $10.59, Rev Est. $16.55B

RCII: Rent-A-Center – EPS Est. $0.49, Rev Est. $813.41M

SWN: Southwestern Energy – EPS Est. $0.07, Rev Est. $808.17M

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