Thursday July 30, 2015
Economic Calendar & Watch List 7/30/2015
Morning Notes
US futures are flat this morning while European stocks are trading higher on news that the Eurozone economic confidence rose to a new 4 year high. Asian stocks closed lower as the Shanghai composite gave back -2.2% overnight.
Technicals
The $SPY moved higher again in yesterday’s session and closed near the highs at $210.77 after the comments from the Fed minutes. The 50 day moving average will act as mid range support at $210.11, and then $209.50 below. Overhead resistance lies at $211.04 followed by $211.77.
In Play
SGYP: Synergy Pharmaceuticals – Synergy Pharma announces positive top-line results from its pivotal phase 3 clinical trial, evaluating the efficacy and safety of two different plecanatide treatment doses. Gapping up 15% with a 92M share float.
MEET: MeetMe – The company reported Q2 earnings. Mobile Revenue Increased 47% Year Over Year Adjusted EBITDA Increased 288% Year Over Year Adjusted EBITDA Margin of 26%. Gapping up 18% with a 32M share float.
**Others On Watch**
SKX
QRVO
SCTY
FB
Economic Calendar
8:30 Q2 GDP – 1st Estimate – Consensus 2.60%
8:30 Jobless Claims 4-Wk Avg
8:30 Initial Jobless Claims – Consensus 270.0K
8:30 Continuing Jobless Claims – Consensus 2.212M
10:30 Natural Gas Storage
Earnings Before Open
HOT: Starwood Hotels – EPS Est. $0.75, Rev Est. $1.48B
ODFL: Old Dominion – EPS Est. $0.98, Rev Est. $769.87M
CL: Colgate-Palmolive – EPS Est. $0.70, Rev Est. $4.07B
CME: CME Group – EPS Est. $0.91, Rev Est. $799.39M
OXY: Occidental – EPS Est. $0.25, Rev Est. $3.77B
BUD: Anheuser-Busch InBev- EPS Est. $1.33, Rev Est. $11.59B
COP: ConocoPhillips – EPS Est. $0.08, Rev Est. $9.59B
WWE: World Wrestling – EPS Est. $(0.02), Rev Est. $148.70M
TWC: Time Warner Cable – EPS Est. $1.81, Rev Est. $5.94B
Earnings After Close
AGMN: Amgen – EPS Est. $2.41, Rev Est. $5.31B
WU: Western Union – EPS Est. $0.39, Rev Est. $1.36B
DECK: Deckers Outdoors – EPS Est. $(1.49), Rev Est. $213.64M
EA: Electronic Arts – EPS Est. $0.03, Rev Est. $649.65M
FEYE: FireEye – EPS Est. $(0.48), Rev Est. $143.12M
LNKD: LinedIn – EPS Est. $0.30, Rev Est. $679.78M
