Wednesday September 2, 2015
Economic Calendar & Watch List 9/2/2015
US futures are slightly higher this morning by $.4% and European stocks are trading higher by .1% after a sharp slide in the prior two days. Asian stocks closed predominantly lower as concerns of a China economic slowdown continue.
The SPY gapped lower and remained in the lower range for the duration of yesterday’s session. Support lies at the low of yesterday’s range at $190.73, followed by $188.37. Resistance lies at the high of yesterday’s session at $194.79, closely followed by $195.21.
BVXV: BiondVax Pharmaceuticals – The company announced the intention of the NIAID, to launch a Phase 2 trial of its Multimeric-001 vaccine. Gapping up 68% with a 2.26M share float.
**Others On Watch**
8:15 Aug ADP employment change expected +200,000
8:30 Revised Q2 non-farm productivity expected +2.9%, prelim +1.3%
9:45 Aug New York ISM, Jul +5.7 to 68.8
10:00 Jul factory orders expected +0.9%
10:30 EIA Weekly Petroleum Status Report
2:00 Fed Beige Book
Earnings Before Open
VRA: Vera Bradley – EPS Est. $.11, Rev Est. $114.99M
NAV: Navistar – EPS Est. $.08, Rev Est. $2.75B
Earnings After Close
FIVE: Five Below – EPS Est. $.13, Rev Est. $184.69M