Economic Calendar & Watch List 9/24/2015

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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

SPY_9_24

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

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