Economic Calendar & Watch List 9/2/2015

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Wednesday September 2, 2015

 

Economic Calendar & Watch List 9/2/2015

 

Morning Notes

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.

 

Technicals

SPY_9_2

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.

 

In Play

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**

AMBA

GPRO

 

Economic Calendar

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

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