Economic Calendar & Watch List 10/21/2015

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Wednesday October 21, 2015

 

Economic Calendar & Watch List 10/21/2015

 

Morning Notes

US futures are higher this morning and European stocks are trading higher by over +.5% as chatter that the BOJ (Bank of Japan) may have to increase the QE as recent economic numbers have slowed which fueled Japan’s Nikkei Index rally overnight. Merger and Acquisition news surfaced overnight that WDC would be acquiring SNDK for $85.10/share. In addition, LRCX agreed to buy KLAC for $67/share.

 

Technicals

SPY_10_21

The SPY traded slightly higher again in yesterday’s session testing resistance and moving back off the highs. Support will lie at the low of yesterday’s range at $202.55, followed by $202.13 and $199.64. Resistance lies at the high of yesterday’s range which also coincides with 8/21/2015, the day prior to the flash crash at $203.90 which then opens up to the 200 day moving average at $206.

 

Small Cap Watch List

XOMA: XOMA – The company announced it has entered into an exclusive license agreement with Novartis NVS. Gapping up 9% with a 110.5M share float.

 

**Others On Watch**

VMW

ARMH

TWTR

 

Economic Calendar

10:30 EIA Weekly Petroleum Status Report

1:30 Fed’s Powell moderates panel on market liquidity in New York

 

Earnings Before Open

BA: Boeing – EPS Est. $2.14, Rev Est. $24.38

GM: General Motors – EPS Est. $1.15, Rev Est. $28.58B

KO: Coca -Cola – EPS Est. $.51 Rev Est. $11.66B

ABT: Abbott Laboratories – EPS Est. $.53, Rev Est. $5.5B

BHI: Baker Hughes – EPS Est. $(.14), Rev Est. $3.79B

KMB: Kimberly Clark – EPS Est. $1.49, Rev Est. $4.65B

BIIB: Biogen – EPS Est. $3.8, Rev Est. $2.65B

NLSN: Nielsen – EPS Est. $.66, Rev Est. $1.54B

EMC: EMC Corp – EPS Est. $.44, Rev Est. $6.06

STJ: St. Jude Medical – EPS Est. $.97 Rev Est. $1.35

 

Earnings After Close

LRCX: Lam Research – EPS Est. $1.7, Rev Est. $1.6B

SNDK: Sandisk – EPS Est. $.80, Rev Est. $1.4B

URI: United Rentals – EPS Est. $2.35, Rev Est. $1.5B

EBAY: eBay – EPS Est. $.40, Rev Est. $2.1B

KMI: Kinder Morgan – EPS Est. $.18, Rev Est. $3.83B

AXP: American Express – EPS Est. $1.31, Rev Est. $8.32B

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