Economic Calendar & Watch List 10/29/2015

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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.

 

Technicals

SPY_10_29

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**

GPRO

NXPI

RVNC

SWKS

 

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

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