Thursday September 10, 2015
Economic Calendar & Watch List 9/10/2015
Morning Notes
US futures are slightly higher this morning, led by the strength in the tech sector. Energy stocks are also moving higher as crude oil currently is up by .75%. European stocks are trading lower after the July industrial production numbers came in weaker than expected. Asian markets closed lower.
Technicals
The SPY gapped higher into the open in yesterday’s session and back filled the gap and then moving to further lows ending the day in the negative. New resistance will lie at the high of yesterday’s range at $199.47, followed by $199.84. Support will lie at the low of yesterday’s range at $194.35, followed by $193.86 and $191.61.
In Play
APRI: Apricus Biosciences – Apricus Biosciences announces it has licensed the US development and commercialization rights for Vitaros from Allergan. Gapping up 15% with a 40M share float.
MNOV: Medicinova – The company announced its MN-001 Gets Fast-Track Status From FDA. Gapping up 14% with a 22.2M share float.
**Others On Watch**
LULU
MBLY
PANW
Economic Calendar
8:30 Weekly initial unemployment claims expected -7,000 to 275,000
8:30 Aug import price index expected -1.6% m/m
10:00 Jul wholesale inventories expected +0.3% m/m
11:00 Treasury announces amount of 10-year TIPS to be auctioned Sep 18
11:00 EIA Weekly Petroleum Status Report
1:00 Treasury auctions $13 billion of 30-year T-bonds
Earnings Before Open
LULU: lululemon – Eps Est. $.33, Rev Est. $445.76M
Earnings After Close
RH: Restoration Hardware – Eps Est. $.84, Rev Est. $503.33M
FNSR: Finisar – Eps Est. $.26, Rev Est. $318.71M
