Economic Calendar & Watch List 8/4/2015

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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

SPY_8_4

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

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