Thursday August 6, 2015
Economic Calendar & Watch List 8/6/2015
Morning Notes
US futures are flat this morning and European stocks are slightly lower after the energy producers declined as the price of crude slid to nearly a 5 month low. The Bank Of England has left its key interest rate unchanged at 0.50%. Asian stocks closed lower.
Technicals
The SPY tested overhead resistance and closed lower at $210.07 in yesterday’s session. We have established new upper range support zone that lies at the low of yesterday’s range which also happens to be in conjunction with the 50 day moving average at $209.70-$209.80. Overhead resistance lies at $211.45.
In Play
GENE: Genetic Technologies – The company announced the issuance of a US Patent covering three of the core genetic markers referred to as single-nucleotide polymorphisms in the Company’s BREVAGenplus risk assessment test. Gapping up 17% with a 3.5M share float.
WTW: Weight Watchers – The company beats earnings consensus by $0.01, reports revs in-line; guides FY15 EPS above consensus. Gapping up 22% with a 27.5M share float.
**Others On Watch**
TSLA
KORS
GMCR
FIT
Economic Calendar
8:30 Jobless Claims 4-Week Avg.
8:30 Initial Jobless Claims – Consensus 273.0K
8:30 Continuing Jobless Claims – Consensus 2.24M
10:30 Natural Gas Storage
Earnings Before Open
OWW: Orbitz Worldwide – EPS Est. $0.11, Rev Est. $254.28M
PRU: Prudential Financial – EPS Est. $2.47, Rev Est. $11.17B
IEP: Icahn Enterprises – EPS Est. $2.39, Rev Est. $4.75B
ENR: Energizer – EPS Est. $0.49, Rev Est. $370.18M
APA: Apache – EPS Est. $(0.39), Rev Est. $1.88B
MYL: Mylan – EPS Est. $0.89, Rev Est. $2.39B
Earnings After Close
TSRO: Tesaro – EPS Est. $(1.14), No Revenue est
NVDA: NVIDIA – EPS Est. $0.10, Rev Est. $1.01B
ED: Consolidated Edison – EPS Est. $0.62, Rev Est. $2.94B
SFM: Sprouts Farmers – EPS Est. $0.22, Rev Est. $903.59M
MNST: Monster Beverage – EPS Est. $0.91, Rev Est. $753.41M
