Economic Calendar & Watch List 10/22/2015

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Thursday October 22, 2015

 

Economic Calendar & Watch List 10/22/2015

 

Morning Notes

US futures are slightly higher this morning after strong Q3 earnings results released by Texas Instruments and eBay. European stocks are trading slightly higher as the ECB has decided to hold interest rates at unchanged. Asian stocks closed mixed.

 

Technicals

SPY_10_22

The SPY tested resistance in yesterday’s session, failed it and pulled back closing just off the lows. Support will lie at the low of yesterday’s range at $201.65, followed by $199.64 and $198.94. Resistance will lie at the high of yesterday’s range at $203.79, followed by $203.90 and the 200 day moving average at $206.

 

Small Cap Watch List

ERII: Energy Recovery – Credit Suisse increased their price target to $10 from $3. Gapping up 8% with a 48M share float.

WGBS: WaferGen – WaferGen Bio-systems Announces Supply Agreement With Reprogenetics for Next-Generation Sequencing (NGS) Automated Solutions Focused on In-Vitro Fertilization (IVF). Gapping up 6% with a 3.6M share float.

CANF: CanFite Biopharma – reports new findings for its CF602 drug candidate showing a defined mechanism of action in erectile dysfunction similar to sildenafil (Viagra). Gapping up 10% with a 9.6M share float.

 

**Others On Watch**

UA

MJN

RYLP

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +10,000 to 265,000

8:30 Sep Chicago Fed national activity index expected +0.21 to -0.2

8:30 USDA weekly Export Sales

9:00 Aug FHFA house price index expected +0.5% m/m

10:00 Sep existing home sales expected +1.5% to 5.39 million

10:00 Sep leading indicators expected unchanged

11:00 Oct Kansas City Fed manufacturing activity expected -1 to -9

11:00 Treasury announces amount of 2-year T-notes, 2-year floating rate notes, T-notes

1:00 Treasury auctions $7 billion 30-year TIPS

 

Notable Earnings Before Open

MCD: McDonald’s – EPS Est. $1.28, Rev Est. $6.41B

CAT: Caterpillar – EPS Est. $.75, Rev Est. $11.25B

UA: Under Armour – EPS Est. $.44, Rev Est. $1.18B

EBAY: eBay – EPS Est. $.41, Rev Est. N/A

MMM: 3M – EPS Est. $2.00, Rev Est. $7.85B

LUV: Southwest Airlines – EPS Est. $.94, Rev Est. $5.1B

 

Earnings After Close

AMZN: Amazon – EPS Est. $(.07), Rev Est. $24.91B

GOOGL: Alphabet Inc. – EPS Est. $7.37, Rev Est. $18.53B

MSFT: Microsoft – EPS Est. $.58, Rev Est. $21B

JNPR: Juniper Networks – EPS Est. $.53, Rev Est. $1.23B

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