Friday October 30, 2015
Economic Calendar & Watch List 10/30/2015
Morning Notes
US futures are slightly higher this morning and European stocks are trading lower after Eurozone core CPI data came higher than expected. Earnings beats from LNKD and EXPE are giving US markets a small boost in pre market trading.
Technicals
The SPY initially traded higher early in yesterday’s session to then remain relatively flat for the remainder of the day. Support will lie at the low of yesterday’s range at $208.21, followed by $206.21 and the 200 day moving average at $206.18. Resistance lies at the high of yesterday’s range at $209.27, followed by $210.01, and $210.68.
Small Cap Watch List
APDN: Applied DNA Sciences – On watch for a bounce today after the 54% drop in yesterday’s session. Gapping up 5% with a 18.4M share float.
ACRX: AccelRx Pharmaceuticals – Acelrx Pharma Assumed Buy vs Hold at Jefferies, PT $7. Gapping up 12% with a 25M share float.
LPCN: Lipocine – said the FDA has accepted for filing its New Drug Application, or NDA, for LPCN 1021, an oral testosterone product candidate for testosterone replacement therapy, or TRT, in adult males for conditions associated with a deficiency or absence of endogenous testosterone. Gapping up 11% with a 12.7M share float.
**Others On Watch**
SCTY
FSLR
BIDU
Economic Calendar
8:30 Q3 employment cost index expected +0.6%
8:30 Sep personal spending expected +0.2%, Aug +0.4%
8:30 Sep PCE deflator expected -0.1% m/m and +0.2% y/y
9:00 Oct Milwaukee ISM expected +4.56 to 44.00
9:45 Oct Chicago PMI expected +0.7 to 49.4
10:00 San Francisco Fed President John Williams speaks
10:00 Final-Oct U.S. consumer sentiment index expected +0.4 to 92.5
Notable Earnings Before Open
XOM: Exxon Mobil – EPS Est. $.89, Rev Est. $63.75B
ABBV: AbbVie – EPS Est. $1.07 Rev Est. $5.88B
STX: Seagate Technology – EPS Est. $.50, Rev Est. $2.92B
CVX: Chevron – EPS Est. $.76, Rev Est. $29.76B
CVS: CVS Health – EPS Est. $1.29, Rev Est. $37.89B
Notable Earnings After Close
NONE
