Monday October 19, 2015
Economic Calendar & Watch List 10/19/2015
Morning Notes
US futures are slightly lower this morning as stocks consolidate after hitting monthly highs. European stocks are higher by +.5% led by news of Deutsche Bank AG implementing management changes to strengthen the company. Asian stocks settled mixed after China reported its Q3 GDP came in weaker than expected at +6.9% versus +7%.
Technicals
The SPY continued its push higher into Friday’s session, closing out nearly at the highs at $203.29. Support will lie at $201.92, followed by $199.64, $198.94, and then the 50 day moving average at $198.60. Resistance will lie at the high of Fridays’ range at $203.29, followed by $203.90 and then the 200 day moving average at $206.04.
Small Cap Watch List
WTW: Weight Watchers – Oprah Winfrey agrees to buy 10% of the company in a partnership agreement while joining the board. Gapping up 80% with a 27.5M share float.
**Others On Watch**
SCTY
MS
Economic Calendar
10:00 Oct NAHB housing market index expected unch at 62
11:00 USDA weekly grain export inspections
12:00 Richmond Fed President Jeffrey Lacker speaks
4:00 USDA weekly crop progress
Earnings Before Open
MS: Morgan Stanley – EPS Est. $.63, Rev Est. $8.54B
HAL: Halliburton – EPS Est. $.27, Rev Est. $5.64B
HAS: Hasbro – EPS Est. $1.52, Rev Est. $1.48B
Earnings After Close
IBM: International Business Machines – EPS Est. $3.30, Rev Est. $19.62B
ZION: ZionBancorp – EPS Est. $.42 Rev Est. NA