Economic Calendar & Watch List 8/5/2015


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.




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**






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