Economic Calendar Watch List 8/19/2015

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Wednesday August 19, 2015

 

Economic Calendar & Watch List 8/19/2015

 

Morning Notes

US futures are down slightly and European stocks are down roughly -0.6% on continued concerns on China’s economic state. Asian stocks closed mixed.

 

Technicals

SPY_8_19

The SPY traded in a tight range yesterday closing slightly lower at $209.98, though above the 50 Day moving average of $209.53. New upper range support lies at the low of yesterday’s range at $209.70, closely followed by the 50 Day moving average at $209.53. Resistance overhead lies at $210.68 followed by $210.58.

 

In Play

CRBP: Corbus Pharmaceuticals – a clinical stage drug development company targeting rare, chronic, and serious inflammatory and fibrotic diseases, announced today that the U.S. Food and Drug Administration (“FDA”) has designated as a Fast Track development program the investigation of Resunab. Gapping up 65% with a 18.3M float.

PTN: Palatin Technologies – FDA OKs Sprouts Female Sexual-Desire Drug. Gapping up 24% with a 36M share float.

 

**Others On Watch**

LOW

TGT

 

Economic Calendar

8:30 CPI Index – NSA [Jul] – Consensus 238.70

8:30 Core CPI (MoM) [Jul] – Consensus 0.20%

8:30 Core CPI (YoY) [Jul] – Consensus 1.80%

8:30 CPI (MoM) [Jul] – Consensus 0.20%

8:30 CPI (YoY) [Jul] – Consensus 0.20%

10:30 Gasoline Inventories

10:30 Crude Oil Inventories

10:30 EIA Weekly Distillates Stocks

2:40 FOMC MINUTES RELEASE

 

Earnings Before Open

TGT: Target EPS Est. $1.11, Rev Est. $17.40B

HRL: Hormel Foods EPS Est. $0.55, Rev Est. $2.26B

LOW: Lowe’s Corp. EPS Est. $1.24, Rev Est. $17.33B

 

Earnings After Close

PLKI: Popeye’s EPS Est. $0.44, Rev Est. $62.86M

LB: L Brands EPS Est. $0.68, Rev Est. $2.80B

 

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