Economic Calendar & Watch List 8/12/2015

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Wednesday August 12, 2015

 

Economic Calendar & Watch List 8/12/2015

 

Morning Notes

US futures are sharply lower this morning by nearly -1% while European markets are trading lower by nearly -2% on fears that a slowdown in China could severely affect global growth.  Asian stocks closed sharply lower.

 

Technicals

SPY_8_12

The SPY closed lower at $208.67 in yesterday’s session after testing resistance and the 50 day moving average. Resistance will be at the high of yesterday’s range at $209.47 followed closely by the 50 day moving average at $209.69. Support will be at the low of yesterday’s range at $207.76, followed by the 200 day moving average beneath at $207.53.

 

In Play

CERE: Ceres Inc – The company announced it  has been awarded a U.S. patent for its iCODE multi-gene trait development system. The company indicated that the patent award is a key milestone in its plan to further develop and license this technology to other crop companies and organizations. Gapping up 140% with a 5M share float.

 

SLTD: Solar3D, inc – a provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that it has signed a definitive agreement to acquire 100% of Elite Solar, a Durham, California-based solar systems provider. The purchase is a continuation of Solar3D’s aggressive growth-by-acquisition strategy, which is intended to boost the company’s top line revenue as well as operating earnings. Gapping up 11% with a 14.5M share float.

 

**Others On Watch**

BABA

M

CYBR

W

 

Economic Calendar

10:00 JOLTs Job Openings – Consensus 5.30M

10:30 EIA Gasoline Inventory – Consensus (1.03M) Barrels

10:30 EIA Weekly Distillates – Consensus 1.20M Barrels

10:30 EIA Crude Oil Inventories – Consensus (1.77M) Barrels

2:00 Federal Budget Balance – Consensus ($103.00B)

 

Earnings Before Open

M: Macy’s EPS Est. $0.78, Rev Est. $6.25B

 

Earnings After Close

CSCO: Cisco Systems EPS Est. $0.56, Rev Est. $12.66B

NWSA: News Corp. EPS Est. $0.06, Rev Est. $2.20B

TGB: Taseko Mining EPS Est. $(0.03), Rev Est. $96.48M

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at mike@warriortradingnews.com Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.

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