Wednesday October 14, 2015
Economic Calendar & Watch List 10/14/2015
Morning Notes
US futures are slightly lower this morning and European stocks are trading lower by roughly -.50% as a weak round of Q3 earnings hit from JPM and INTC. On a more positive note, SNDK is said to have hired a bank to explore the sale of the company and is trading nearly 10% higher in the pre market. Asian stocks closed mostly lower.
Technicals
The SPY ended lower in yesterday’s session after testing resistance and failing to hold above. Support will lie at the low of yesterday’s range at $200.05, followed by $198.59, $197.48, and $197. Resistance will lie at the high of yesterday’s range at $202.16, followed by $202.89.
Small Cap Watch List
**Others On Watch**
TRIP
SNDK
Economic Calendar
8:30 Sep PPI final demand expected -0.2% m/m and -0.8% y/y
8:30 Sep retail sales expected +0.2% and -0.1% ex auto
10:00 Aug business inventories expected +0.1%
2:00 Fed Beige Book
Earnings Before Open
PNC: PNC Financial Services – EPS Est. $1.784, Rev Est. $2.8B
BLK: Black Rock Financial – Eps Est. $4.546, Rev Est. $2.82B
DAL: Delta Airlines – EPS Est. $1.716, Rev Est. $11.10B
WFC: Wells Fargo – EPS Est. $104, Rev Est. $21.76B
BAC: Bank Of America – EPS Est. $.32, Rev Est. $20.77B
Earnings After Close
NFLX: NetFlix – EPS Est. $.08, Rev Est. $1.75B
