Economic Calendar & Watch List 8/20/2015

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Thursday August 20, 2015

 

Economic Calendar & Watch List 8/20/2015

 

Morning Notes

US futures are lower this morning by -0.75% while European stocks are down -1.25% on further concerns of emerging markets. A sharp drop in crude oil prices has been influenced by Asia’s largest oil producer, Kazakhstan, allowed its currency to devalue to keep competitive with China and Russia as they are its two major trading partners. Asian stocks closed lower.

 

Technicals

SPY_8_20

The SPY dipped lower in early trading and managed to close off the lows and back above the 200 Day moving average at $208.32. Support lies at the 200 Day moving average at $207.86 followed by the low of yesterday’s range at $207.35. Resistance is at the 50 Day moving average at $209.53 followed by $209.60, a level that was tested and rejected yesterday.

 

In Play

OHGI: One Horizon Group – The company signs cooperation agreement with YTO Express to commence a trial of the Aishuo VoIP platform in Jiangsu province. Gapping up 20% with a 15.6M share float.

CLTX: Celsus Therapeutics – Celsus Therapeutics and Volution Immuno Pharmaceuticals Announce $75 Million Private Placement which values the shares representing a 159% premium to yesterday’s closing bid price. Gapping up 20% with a 4.9M share float.

 

**Others On Watch**

NTAP

YOKU

 

Economic Calendar

8:30 Jobless Claims 4-Wk Avg.

8:30 Initial Jobless Claims – Consensus 272.0K

8:30 Continuing Jobless Claims – Consensus 2.27M

10:00 Philly Fed Mfg. Index [Aug] – Consensus 7.00

10:00 Existing Home Sales (MoM) [Jul] – Consensus (0.60)%

10:00 Existing Homes Sales [Jul] – Consensus 5.42M

 

Earnings Before Open

CYBX: Cyberonics EPS Est. $0.62, Rev Est. $76.78M

TTC: Toro EPS Est. $0.90, Rev Est. $612.31M

 

Earnings After Close

HPQ: Hewlett-Packard EPS Est. $0.86, Rev Est. $25.58B

BRCD: Brocade Comm. EPS Est. $0.22, Rev Est. $550.86M

INTU: Intuit EPS Est. $(0.11), Rev Est. $736.12M

TFM: The Fresh Market EPS Est. $0.40, Rev Est. $458.75M

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