Economic Calendar & Watch List 8/5/2015

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Wednesday August 5, 2015

 

Economic Calendar & Watch List 8/5/2015

 

Morning Notes

US futures are higher this morning as energy producers show some strength. In addition, crude is up over .5% this morning. The market awaits the Nonfarm July ADP employment change at 8:15 A.M. to give a better idea of the labor market and may also give further clues to the timing of a rate hike by the fed. European stocks are up over 1%, a 2 week high, led by a strong move in banking stocks. Asian markets closed mixed.

 

Technicals

SPY_8_5

The SPY traded within Monday’s range in yesterday’s session making for slow, choppy price action. The same levels will remain in play from yesterday. Overhead resistance lies at $210.53 followed by $211.45. Support lies at $208.65.

 

In Play

BIOC: Biocept – The company announced the first liquid biopsy diagnostic test for colorectal cancer. Gapping up 12% with a 14.4M share float.

FNJN: FinJan Holdings – The company announced a Ruling in Favor of Finjan for Nearly $40 Million as Blue Coat Trial Concludes. Gapping up 75% with a 6.6M share float.

 

**Others On Watch**

Z

KATE

FSLR

LL

 

Economic Calendar

8:15 ADP Nonfarm Employment Change – Consensus 215.0K

8:30 Trade Balance – Consensus (42.70B)

9:45 Markit Composite PMI

9:45 Services PMI – Consensus 55.20

10:00 ISM Non-Mfg PMI [Jul] – Consensus 56.20

10:00 ISM Non-Mfg New Orders [Jul]

10:30 EIA Weekly Distillates

10:30 Gasoline Inventories

 

Earnings Before Open

PCLN: Priceline – EPS Est. $11.98, Rev Est. $20.10M

 

Earnings After Close

HLF: Herbalife – EPS Est. $1.12, Rev Est. $1.15B

GMCR: Keurig Green Mountain – EPS Est. $0.79, Rev Est. $1.04B

FOXA: 21st Century Fox – EPS Est. $0.37, Rev Est. $6.54B

ABX: Barrick Gold – EPS Est. $0.06, Rev Est. $2.23B

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