Economic Calendar & Watch List 8/11/2015

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Tuesday August 11, 2015

 

Economic Calendar & Watch List 8/11/2015

 

Morning Notes

US futures are lower this morning and European markets are trading lower by over -1% after China devalued the Yuan by the most in 20 years which resulted in a sell off of stocks with Chinese exposure. Asian stocks closed lower.

 

Technicals

SPY_8_11

The SPY moved higher in yesterday’s session closing just over resistance at $210.57. Resistance will remain at $210.53 and support will now become $209.28, followed by $208.34.

 

In Play

AQXP: Aquinox Pharmaceuticals – The company announced its decision to move ahead with its Pain and Eczema drug. Extreme momentum stock surging 1800% in just two days. Gapping up 46% with a 5.7M share float.

TUBE: TubeMogul – The company posted a Q2 earnings and outlook beat while the Q3 forecast topped estimates. Gapping up 22% with a 15.6M share float.

 

**Others On Watch**

XON

WRLD

RAX

SHAK

 

Economic Calendar

8:30 Nonfarm Productivity (QoQ) [Q2] – Consensus 1.60%

8:30 Unit Labor Costs (QoQ) [Q2] – Consensus 1.60%

8:55 Redbook (MoM)

8:55 Redbook (YoY)

10:00 Wholesale Inventories (MoM) [Jun] – Consensus 0.40%

4:30 API Weekly Crude Stock

4:30 API Weekly Distillates Stock

4:30 API Weekly Gasoline Stock

 

Earnings Before Open

RTK: Rentech EPS Est. $0.01, Rev Est. $151.11M

 

Earnings After Close

FOSL: Fossil Group EPS Est. $0.83, Rev Est. $749.38M

CYBR: CyberArk EPS Est. $0.06.  Rev Est. $32.38M

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