Economic Calendar & Watch List 9/29/2015

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Tuesday September 29, 2015

 

Economic Calendar & Watch List 9/29/2015

 

Morning Notes

US futures are pointing higher this morning and European markets are trading slightly higher after yesterday’s sharp decline. A bounce in Crude and a higher than expected Eurozone economic confidence number is helping hold the slight gains. Asian stocks closed mostly lower.

 

Technicals

SPY_9_29

The SPY moved significantly lower in yesterday’s session, closing just off the lows at $188.01. With recent lows in range, new support will lie at the low of yesterday’s range at $187.64, followed by $186.92 which opens up then to $182.40. Resistance will be at the high of yesterday’s range at $191.91, followed by $195.

 

In Play

NVAX: Novovax – The company announced Positive Top-Line Data from Phase 2 Clinical Trial of RSV F Vaccine to Protect Infants via Maternal Immunization. Gapping up 16% with a 265M share float.

RJET: Republic Airways – Moved significantly higher in yesterday’s session on a deal that eases the possibility of bankruptcy risk. Initiated with a BUY rating and a price target of $8 at Deutsche Bank. Look for a continuation move in today’s session. Gapping up 13% with a 40.7M share float.

 

**Others On Watch**

GPRO

FIT

AMBA

 

Economic Calendar

9:00 Jul S&P CaseShiller composite-20 home price index expected +0.10%

10:00 Sep consumer confidence expected -5.5 to 96.0

 

Earnings Before Open

IHS: IHS inc – EPS Est. $1.47, Rev Est. $579.07M

 

Earnings After Close

COST: Costco – EPS Est. $1.66, Rev Est. $35.34B

DMND: Diamond Foods – EPS Est. $.21, Rev Est. $210.09M

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