Economic Calendar & Watch List 10/29/2015


Thursday October 29, 2015


Economic Calendar & Watch List 10/29/2015


Morning Notes

US futures are slightly lower this morning and European stocks are trading lower after the rally in US markets after the FOMC released their announcement after their 2 day policy meeting which left interest rates unchanged. Today’s economic data will give further insight on the actual strength of the US economy and better gauge the timing of a rate increase. Asian markets closed mixed across the board.




The SPY surged higher late in yesterday’s session after the FOMC announcement. Support will lie at the low of yesterday’s range at $206.21 and the 200 day moving average at $206.15. Resistance will lie at the high of yesterday’s range at $208.98, followed by $210.01.


Small Cap Watch List

LOCK: LifeLock – The company has reached agreements to settle lawsuits with the Federal Trade Commission and consumers who sued the company. Gapping up 36% with a 80.4M share float.

CLF: Cliffs Natural Resources – tops 3Q profit expectations, misses revenue forecasts. Gapping up 10% with a 123.9M share float.
**Others On Watch**






Economic Calendar

8:30 Weekly initial unemployment claims expected +6,000 to 265,000

8:30 Q3 GDP expected +1.5%

8:30 USDA weekly Export Sales

10:00 Sep pending home sales expected +1.0% m/m

1:00 Treasury auctions $29 billion 7-year T-notes


Notable Earnings Before Open

JCI: Johnson Controls – EPS Est. $1.01, Rev Est. $8.79B

ALXN: Alexion Pharmaceuticals – EPS Est. $.78, Rev Est. $668.09M

POT: Potash – EPS Est. $.38, Rev Est. $1.46B

XEL: Xcel Energy – EPS Est. $.80, Rev Est. $3.24B

COP: ConocoPhilips – EPS Est. $(.38), Rev Est. $8.11B

MGM: MGM Resorts – EPS Est. $.03, Rev Est. $2.3B

MA: Mastercard – EPS Est. $.88, Rev Est. $2.54B

TWC: Time Warner – EPS Est. $1.57, Rev Est. $5.96B


Notable Earnings After Close

SBUX: Starbucks – EPS Est. $.43 Rev Est. $4.9B

FSLR: First Solar – EPS Est. $1.54, Rev Est. $1.11B

EXPE: Expedia – EPS Est. $2.05, Rev Est. $1.95B