Thursday October 15, 2015
Economic Calendar & Watch List 10/15/2015
Morning Notes
US futures are higher this morning and European stocks are trading higher by over +1.5% fueled by chatter that the interest rate hike will be pushed into 2016. The US dollar fell to nearly a 2 month low after the ECB expressed economic concerns which will force an expansion of QE. Asian stocks closed higher.
Technicals
The SPY traded lower in yesterday’s session after moving off recent highs and found support at the 50 day moving average. Support will lie at the low of yesterday’s range at $198.94, followed by $$198.59, and $197.48. Resistance will lie at the high of yesterday’s range at $200.87, followed by $202.16.
Small Cap Watch List
TTHI: Transition Therapeutics – The company reported it has completed a thorough review of the data related to a phase 2/3 study of its drug ELND005 in Alzheimer’s disease (AD) patients with moderate or severe agitation and aggression. Gapping up 14% with a 26M share float.
**Others On Watch**
HCA
FPRX
Economic Calendar
8:30 Weekly initial unemployment claims expected +7,000 to 270,000
8:30 Sep CPI expected -0.2% m/m and -0.1% y/y
8:30 Oct Empire manufacturing survey general business conditions expected +6.67 to -8.00
10:00 Oct Philadelphia Fed outlook survey expected +4.0 to -2.0
10:30 New York Fed President William Dudley speaks
10:30 St. Louis Fed President James Bullard speaks
11:00 EIA Weekly Petroleum Status Report
11:00 Treasury announces amount of 30-year TIPS to be auctioned
4:30 Cleveland Fed President Loretta Mester speaks
Earnings Before Open
SCHW: Charles Schwab Corp – EPS Est. $0.267, Rev Est. $1.59B
UNH: United Healthcare – EPS Est. $1.64, Rev Est. $40.17B
GS: Goldman Sachs – EPS Est. $2.91, Rev Est. $7.12B
C:Citigroup – EPS Est. $1.28, Rev Est. $18.54B
USB: US Bancorp – EPS Est. $.81, Rev Est. $5.12B
PM: Philip Morris – EPS Est. $1.12, Rev Est. $6.75B
BBT: BB&T Corp – EPS Est. $.66 Rev Est. $2.46B
KEY: Key Corp – EPS Est. $.267, Rev Est. $1B
Earnings After Close
MAT: Mattel – EPS Est. $.80, Rev Est. $1.9B
WYNN: Wynn Resorts – EPS Est. $.87, Rev Est. $1B
