Economic Calendar & Watch List 10/14/2015

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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

SPY_10_14

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

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