Economic Calendar & Watch List 8/6/2015

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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

SPY_8_6

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

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