Economic Calendar & Watch List 10/13/2015

1992

Tuesday October 13, 2015

 

Economic Calendar & Watch List 10/13/2015

 

Morning Notes

US futures are pointing lower this morning and European stocks are trading lower by over -1% after China posted weaker than expected import data for the month of September which was also the worst number in the past 7 months. China economic growth concerns continue. Asian stocks closed lower.

 

Technicals

SPY_10_13

The SPY traded on anemic volume yesterday due to the Columbus Day Holiday and bond markets being closed. Resistance will lie at the high of yesterday’s range at $201.76, followed by Friday’s high of $201.90. Support will lie at the low of yesterday’s range at $200.91, followed by Friday’s  low of $200.58 which then brings us to $198.59.

 

Small Cap Watch List

AXN: Aoxing Pharmaceuticals – The company reported FY15 EPS of $0.09 vs ($0.16) year ago; FY15 revs 100.8% y/y to $25.5M. Gapping up 20% with a 39M share float.

PLX: Protalix Biotherapeutics -The company sold its share in the collaboration agreement for ELELYSO to commercialization partner Pfizer for $36M. PFE also agreed to make a $10 mln investment in exchange for 5,649,079 shares. Gapping up 20% with a 78.8M share float.

 

**Others On Watch**

TAP

TWTR

JBLU

 

Economic Calendar

11:00 USDA weekly grain export inspections

4:00 USDA weekly crop progress

 

Earnings Before Open

FAST: Fastenal – EPS Est. $.47, Rev Est. $1.01B

JNJ: Johnson & Johnson – EPS Est. $1.45, Rev Est. $17.45B

 

Earnings After Close

JPM: JP Morgan Chase & Co – EPS Est. $1.37, Rev Est. $23.69B

INTC: Intel Corp – EPS Est. $.59, Rev Est. $14.22B

CSX: CSX Corp – EPS Est. $.50, Rev Est. $2.98B

NO COMMENTS

LEAVE A REPLY