Tuesday August 11, 2015
Economic Calendar & Watch List 8/11/2015
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.
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.
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**
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