Economic Calendar & Watch List 8/27/2015

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Thursday August 27, 2015

 

Economic Calendar & Watch List 8/27/2015

 

Morning Notes

US futures are higher this morning by over 1% and European stocks are up over 3% fueled by a rally in crude oil which is helping mining and energy stocks move higher. Asian stocks closed higher.

 

Technicals

SPY_8_27

The SPY moved higher in yesterday’s session successfully holding its gains and closing near the high at $194.46. New support will lie at the low of yesterday’s range at $188.37, followed by $186.92. Resistance overhead lies at the high of yesterday’s range at $194.79, followed by the high of Tuesday at $195.45 and $195.84. A move through $195.45 puts us into the gap until $197.52.

 

In Play

NQ: NQ Mobile – The company  is selling its online game publishing unit to one of Tsinghua Holding‘s investment unit, in a deal valued at a minimum of 4 billion yuan, or $626 million. Tsinghua has been most notable as it expressed its interest to buy U.S.-based Micron (MU). Gapping up 58% with a 75M share float.

TBIO: TransGenomic Inc – The company announced it has Added Asia Distributors for Its ICEme™ Kits That Enable Liquid Biopsy-Based Genomics Cancer Research on Existing Platforms. Gapping up 33% with a 10.6M share float.

 

**Others On Watch**

DG

TIF

SPY

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -2,000 to 275,000

8:30 Revised Q2 GDP expected +3.2%

8:30 USDA weekly Export Sales.

10:00 Jul pending home sales expected +1.0% m/m

11:00 Aug Kansas City Fed manufacturing activity expected +3 to -4

1:00 Treasury auctions $29 billion of 7-year T-notes

 

Earnings Before Open

DG: Dollar General Corp. – EPS Est. $.94, Rev Est. $5.14B

TIF: Tiffany & Co. – EPS Est. $.91, Rev Est. $1B

SJM: J M Smucker Co – EPS Est. $1.23, Rev Est. $1.9B

SIG: Signet Jewelers – EPS Est. $1.15, Rev Est. $1.38B

 

Earnings After Close

GME: GameStop Corp. – EPS Est. $.25, Rev Est. $1.74B

ULTA: Ulta Salon – EPS Est. $1.12, Rev Est. $869.76M

SWHC: Smith & Wesson – EPS Est. $.22, Rev Est. $142.76M

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