Tuesday August 4, 2015
Economic Calendar & Watch List 8/4/2015
Morning Notes
US futures are slightly lower this morning and European stocks are nearly -1% lower led by a sharp decline in the banking stocks. Asian stocks closed mixed.
Technicals
The SPY broke through a support level and closed lower and below the 50 day moving average at $209.79 in yesterday’s session. New support will be at the low of yesterday’s range at $208.65. Overhead resistance lies at the high of yesterday’s range at $210.53, followed by $211.45.
In Play
Please refer to the momentum scanners displayed in the chatroom for possible plays at the market open.
**Others On Watch**
CTRP
LC
ONDK
Economic Calendar
8:55 Redbook (MoM)
8:55 Redbook (YoY)
9:45 ISM NY Business Condition [Jul]
10:00 Factory Orders Ex Transports (MoM) [Jun]
10:00 Factory Orders (MoM) [Jun] – Consensus 1.80%
10:00 IBD/TIPP Economic Optimism- Consensus 48
4:30 API Weekly Crude Oil Stock
Earnings Before Open
ALL: Allstate – EPS Est. $1.16, Rev Est. $7.91B
AET: Aetna – EPS Est. $1.82, Rev Est. $15.43B
COH: Coach – EPS Est. $0.30, Rev Est. $974.87M
CVS: CVS Health – EPS Est. $1.20, Rev Est. $37.18B
MGM: MGM Resorts – EPS Est. $0.11, Rev Est. $2.38B
Earnings After Close
DIS: Disney- EPS Est. $1.42, Rev Est. $13.24M
FSLR: First Solar – EPS Est. $0.36, Rev Est. $751.72M
BYD: Boyd Gaming – EPS Est. $0.09, Rev Est. $539.25M
