Monday August 17, 2015
Economic Calendar & Watch List 8/17/2015
Morning Notes
US futures are slightly lower this morning as the weakness in oil continues to place pressure on energy producers. European stocks are trading slightly higher after Chinese stocks ended higher and Greek markets rose. Asian stocks closed mixed.
Technicals
The SPY closed higher at $209.42 on Friday, just below the 50 day moving average and overhead resistance at $209.47. Resistance will remain at the 50 day moving average at $209.50, followed by $210.50. Support lies at a pivot low from Thursday at $208.
In Play
AVEO: Aveo Oncology – The Company Announced Exclusive Worldwide License Agreement with Novartis for the Development and Commercialization of AV-380 and Related Antibodies. Gapping up 130% with a 54.7M share float.
OHRP: OHR Pharmaceutical – George Soros Cuts Herbalife Stake, Takes New Stake in Ohr Pharmaceuticals. Gapping up 24% with a 27.8M share float.
ICLD: InterCloud Systems – InterCloud Secures a New Professional Services Contract for $9M to as Much as $15M With a Tier 1 Global Communications Provider. Gapping up 27% with a 21M share float.
**Others On Watch**
TSLA
MBLY
Economic Calendar
8:30 NY Empire State Mfg. Index [Aug] – Consensus 5.00
10:00 NAHB Housing Market Index [Aug] – Consensus 61.00
4:00 Foreign Buying T-Bonds [Jun]
4:00 Overall Net Capital Flow [Jun]
4:00 TIC Net Long-Term Transactions [Jun]
4:00 TIC Net Long-Term Transactions Incl. Swaps [Jun]
4:00 US Buying T-Bonds [Jun]
Earnings Before Open
EL: Estee Lauder – EPS Est. $0.34, Rev Est. $2.56B
Earnings After Close
URBN: Urban Outfitters – EPS Est. $0.49, Rev Est. $882.24M
A: Agilent Tech – EPS Est. $0.41, Rev Est. $1.00B
