Economic Calendar & Watch List 8/18/2015

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Tuesday August 18, 2015

 

Economic Calendar & Watch List 8/18/2015

 

Morning Notes

US futures are slightly lower this morning and European stocks are currently flat. A close eye will be kept on the European markets into the US  market open as the Shanghai Index plunged 245 points (6.15%) to settle at 3,748, and the Hang Seng Index dropped 339 points (1.43%) to close at 23,474.

 

Technicals

SPY_8_18

The SPY closed higher in yesterday’s session at $210.59; just under overhead resistance of $210.60. Resistance will remain at $210.60 and support lies at the 50 day moving average of $209.50 followed by a critical pivot level of $208.

 

In Play

NURO: Neurometrix – The company Reported Positive Clinical Study Results for Quell Wearable Pain Relief Device. Gapping up 29% with a 70.7M share float.

TSL: Trina Solar – The company Raises Yr PV Module Shipments View; 2Q Rev. Beats. Gapping up 8% with a 79M share float.

OMER: Omeros – The company Announces Additional Positive Data in OMS721 Phase 2 Clinical Trial. The Company Plans for Phase 3 Program Based on Consistent Response in TMA Patients. Gapping up 40% with a 35.5M share float.

 

**Others On Watch**

URBN

TWTR

 

Economic Calendar

8:30 Building Permits (MoM) [Jul]

8:30 Building Permits [Jul] – Consensus 1.24M

8:30 Housing Starts (MoM) [Jul]

8:30 Housing Starts [Jul] – Consensus 1.19M

8:55 Redbook (MoM)

8:55 Redbook (YoY)

 

Earnings Before Open

WMT: Wal-Mart EPS Est. $1.13, Rev Est. $119.86B

HD: Home Depot EPS Est. $1.71, Rev Est. $24.68B

TJX: TJX Co. EPS Est. $0.76, Rev Est. $7.25B

 

Earnings After Close

LZB: La-Z-Boy EPS Est. $0.21, Rev Est. $340.75M

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