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
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