Economic Calendar & Watch List 10/20/2015

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Tuesday October 20, 2015

 

Economic Calendar & Watch List 10/20/2015

 

Morning Notes

US futures are slightly lower this morning and European stocks are trading lower by nearly -1% as chances of increased quantitative easing from the ECB has lessened after European credit standards have loosened consistently over the past 6 months. Asian stocks closed mixed.

 

Technicals

SPY_10_20

The SPY traded slightly higher in yesterday’s session with relatively choppy price action. Support will lie at the low of yesterday’s range at $202.13, followed by $199.64, $198.94, and $198.59 which coincides with the 50 day moving average. Resistance will lie at the high of yesterday’s range at $203.37, followed by $203.90.

 

Small Cap Watch List

ERII: Energy Recovery – The company signed a 15 year deal with Schlumberger (SLB) where SLB will pay $75M exclusivity fee and two additional milestone payments of $25M Gapping up 140% with a 47.8M share float.

CRBP: Corbus Pharmaceuticals – Receives Orphan Designation, Fast Track in Cystic Fibrosis. Gapping up 30% with a 24M share float.

 

**Others On Watch**

HOG

SNDK

YUM

 

Economic Calendar

8:30 Sep housing starts expected +1.4% to 1.142 million

9:00 Fed Governor Jerome Powell and New York Fed President William Dudley speak on bonds

11:00 Fed Chair Janet Yellen delivers welcoming remarks at a Labor Hall of Honor Induction Ceremony

 

Earnings Before Open

HOG: Harley Davidson – EPS Est. $.783

UTX: United Technologies – EPS Est. $1.54

PNR: Pentair PLC – EPS Est. $.958

LMT: Lockheed Martin – EPS Est. $2.71

BK: Bank of New York Mellon – EPS Est. $.71

VZ: Verizon Wireless – EPS Est. $1.02

OMC: Omnicom – EPS Est. $.95

DOV: Dover Corp – EPS Est. $1.06

FITB: Fifth Third Bancorp – EPS Est. $.4

TRV: Travelers – EPS Est. $2.26

 

Earnings After Close

CMG: Chipotle Mexican Grill – EPS Est. $4.62

YHOO: Yahoo! – EPS Est. $.15

ISRG: Intuitive Surgical – EPS Est. $4.22

DFS: Discover Financial Services – EPS Est. $1.32

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