Economic Calendar & Watch List 10/27/2015

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Tuesday October 27, 2015

 

Economic Calendar & Watch List 10/27/2015

 

Morning Notes

US futures are relatively flat this morning and European stocks are trading slightly lower as APPL prepares to release earnings after the market close and the FOMC 2 day meeting begins. The market will await the post FOMC meeting statement to better gauge the timing of a rate hike. Asian stocks closed mostly lower.

 

Technicals

SPY_10_27

The SPY was range bound in yesterday’s session, remaining within the prior days trading range making for a low volatility choppy day. Support will lie at the low of yesterday’s range at $206.56, followed by $206.30 and then the 200 day moving average at 206. Resistance will lie at the high of yesterday’s range at $207.37, followed by $207.95 and $210.01.

 

Small Cap Watch List

ORPN: Bio Blast Pharma – The company reported promising data on muscle wasting drug that displayed positive phase 2 results. Gapping up 24% with a 4M share float.

UQM: UQM Technologies – The company Signs Ten Year Supply Agreement with Chinese Customer which could generate up to $400M over 10 years. Gapping up 21% with a 35.7M share float.

CYTK: Cytokinetics – Amgen/Cytokinetics Heart Failure Study Meets Endpoints. Gapping up 16% with a 30.2M share float.

 

**Others On Watch**

IACI

CMI

BABA

 

Economic Calendar

8:30 Sep durable goods orders expected -1.5%

9:00 Aug S&P Case Shiller composite home price index expected +.10% m/m and +5.10% y/y

9:45 Preliminary Oct Markit services PMI expected +0.4 to 55.5

10:00 Oct consumer confidence expected unchanged at 103.0

10:00 Oct Richmond Fed manufacturing index expected +2 to -3

11:00 FOMC begins 2-day policy meeting

1:00 Treasurys 2-year T-note auction postponed due to debt ceiling constraints

 

Notable Earnings Before Open

BABA: Alibaba – EPS Est. $3.45, Rev Est. $21.32B

UPS: United Parcel Service – EPS Est. $1.37, Rev Est. $14.43B

F: Ford – EPS Est. $.47, Rev Est. $35.07B

PFE: Pfizer – EPS Est. $.51, Rev Est. $11.56B

CMCSA: Comcast – EPS Est. $.80, Rev Est. $18.02B

 

Notable Earnings After Close

AAPL: Apple – EPS Est. $1.88, Rev Est. $51.06B

TWTR: Twitter – EPS Est. $.05, Rev Est. $559.4M

AKAM: Akamai – EPS Est. $.58, Rev Est. $550.29M

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