Wednesday October 28, 2015
Economic Calendar & Watch List 10/28/2015
Morning Notes
US futures are slightly higher and European stocks are trading higher by over +.5% after AAPL reported earnings and is trading higher in the premarket. The market awaits the results of the FOMC 2 day policy meeting later today to be released at 2:00 PM EST for an interest rate decision. Asian stocks closed predominantly lower.
Technicals
The SPY traded lower in yesterday’s session but closed off the lows after testing the 200 day moving average at $206. Support will lie at the 200 day moving average at $206, followed by the low of yesterday’s range at $205.79. Resistance will lie at the high of yesterday’s range at $207, followed by $207.37 and $207.95.
Small Cap Watch List
Please refer to the momentum scanner displayed in the chat room for potential plays at the market open.
**Others On Watch**
AKAM
ICPT
CAB
Economic Calendar
7:00 Weekly MBA mortgage applications
7:30 Sep advance U.S. goods trade deficit expected -$64.3 billion
10:30 EIA Weekly Petroleum Status Report
11:30 Treasury auctions $15 billion 2-year floating rate notes
1:00 Treasury auctions $35 billion 5-year T-notes
2:00 FOMC interest rate decision
Notable Earnings Before Open
GRMN: Garmin – EPS Est. $.51, Rev Est. $687.6M
LVLT: Level 3 Communications – EPS Est. $.46, Rev Est. $2.06B
ANTM: Anthem – EPS Est. $2.33, Rev Est. $19.64B
HOT: Starwood Hotels – EPS Est. $.72, Rev Est. $1.44B
Notable Earnings After Close
FFIV: F5 Networks – EPS Est. $1.74, Rev Est. $506.52M
AMGN: Amgen – EPS Est. $2.38, Rev Est. $5.32B
PYPL: PayPal – EPS Est. $.24, Rev Est. N/A
TSO: Tesoro Group – EPS Est. $6.05, Rev Est. $7.1B
VRTX: Vertex – EPS Est. $(.60), Rev Est. $244.25M
UNM: Unum – EPS Est. $.91, Rev Est. $2.68B