Thursday September 24, 2015
Economic Calendar & Watch List 9/24/2015
Morning Notes
US futures are lower this morning as European stocks trade lower by over -1.5% again led by automakers after BMW made headlines on excessive diesel emissions from the X3 model that were over 11 times the European limits. Asian stocks closed predominantly mixed across the board.
Technicals
The SPY traded lower again in yesterday’s session but price action still remained lethargic and choppy. Support will lie at the low of yesterday’s range at $192.91, followed by $192.56, $190.61, and $190.73. Resistance will lie at $194.67, followed by $194.96, and $195.21.
In Play
ARWR: Arrowhead Research – The company announced that peak reduction in HBsAg of up to 99% after a single dose with Hepatitis B candidate ARC-520 in treatment nave cohort of Phase 2a study; single-dose reductions in HBeAg of up to 98% also achieved. Gapping up 37% with a 58.9M share float.
CNAT: Conatus – The company announced results from studies that their drug helps Severe Portal Hypertension patients. Gapping up 25% with a 14.5M share float.
CAPN: Capnia – The company announced that its study, which Demonstrates Superiority of CoSense in Detecting Hemolysis and Reducing Jaundice-Related Readmissions, was published in the Journal Neonatology. Gapping up 18%.
**Others On Watch**
CAT
SCTY
YELP
Economic Calendar
8:30 Weekly initial unemployment claims expected +9,000 to 273,000, previous -11,000 to 264,000
8:30 Aug Chicago Fed national activity index expected -0.10 to 0.24
8:30 Aug durable goods orders expected -2.3% and +0.1% ex transportation
8:30 USDA weekly Export Sales
10:00 Aug new home sales expected +1.6% to 515,000
11:00 Sep Kansas City Fed manufacturing index expected +3 to -6
1:00 Treasury auctions $29 billion of 7-year T-notes
5:00 Fed Chair Janet Yellen delivers a lecture at the University of Massachusetts Amherst
Earnings Before Open
ACN: Accenture – Eps Est. $1.12, Rev Est. $7.68B
KBH: KB Home – Eps Est. $.22, Rev Est. $818.53M
Earnings After Close
NKE: Nike – Eps Est. $1.19, Rev Est. $8.22B
BBBY: Bed Bath & Beyond – Eps Est. $1.21, Rev Est. $3.03B
JBL: Jabil Circuit – Eps Est. $.45, Rev Est. $4.55B
PIR: Pier 1 Imports – Eps Est. $.07, Rev Est. $435.38M
