Economic Calendar & Watch List 8/26/2015

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Wednesday August 26, 2015

 

Economic Calendar & Watch List 8/26/2015

 

Morning Notes

US futures are higher again this morning by roughly +1.7% on new Merger and Acquisition news as Schlumberger (SLB) agreed to purchase Cameron for $14.8 Billion. Also leading futures higher is the positive comments out of Goldman Sachs on Google, upgrading the company to the “conviction buy” list. European stocks are trading lower following the China decline in markets after it gave back nearly 4% in gains.

 

Technicals

SPY_8_26

The SPY put in yet another extreme wide range day in yesterday’s session closing just off the low at $187.27. Support will lie at the low of yesterday’s range at $186.92, followed by the previous day at $182.40. Resistance overhead will lie at the high of yesterday’s range at $195.45.

 

In Play

**Others On Watch**

AMBA

GPRO

OSK

 

Economic Calendar

8:30 Jul durable goods orders expected -0.4% and +0.4%

10:00 New York Fed President William Dudley speaks

10:30 EIA Weekly Petroleum Status Report

11:30 Treasury auctions $13 billion of 2-year floating rate notes

1:00 Treasury auctions $35 billion of 5-year T-notes

 

Earnings Before Open

ANF: Abercrombie & Fitch – EPS Est. $(-.04) Rev Est. $811M

 

Earnings After Close

WSM: Williams – Sonoma, Inc – EPS Est. $.58, Rev Est. $1.1B

AVGO: Avago Technologies – EPS Est. $2.14, Rev Est. $1.74B

PVH: PVH Corp – EPS Est. $1.29, Rev Est. $1.82B

GES: Guess? Inc – EPS Est. $.15, Rev Est. $537.6M

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