Monday November 2, 2015
Economic Calendar & Watch List 11/2/2015
US futures are slightly higher this morning and European stocks are trading higher after Eurozone Manufacturing PMI for October rose more than expected after being revised higher. Asian stocks closed lower on weaker than expected Chinese October manufacturing data which contracted for the 3rd straight month.
The SPY ended lower in Friday’s session after another week of gains. Support will lie at the low of Friday’s range at $208.74, followed by $206.21 which also coincides with the 200 day moving average. Resistance will lie at the high of Friday’s session at $209.44, followed by $210.01, and $210.68.
Small Cap Watch List
UNXL: UniPixel – received a pre-production order from a major PC OEM for a 10 inch tablet product. This order follows earlier engineering samples delivered for this application. Gapping up 57% with a 13.5M share float.
**Others On Watch**
9:45 Final-Oct Markit manufacturing PMI expected unrevised at 54.0
10:00 Sep construction spending expected +0.5%
10:00 Oct ISM manufacturing index expected -0.2 to 50.0, Sep -0.9 to 50.2
11:00 USDA weekly grain export inspections
4:00 USDA weekly crop progress
Notable Earnings Before Open
V: Visa – EPS Est. $.63, Rev Est. $3.57B
CLX: Clorox – EPS Est. $1.18, Rev Est. $1.38B
SYY: Sysco – EPS Est. $.52, Rev Est. $12.58B
Notable Earnings After Close
AIG: American International Group – EPS Est. $1.03, Rev Est. $14.22B
THC: Tenet HealthCare – EPS Est. $.30, Rev Est. $4.66B
FIT: FitBit – EPS Est. $.10, Rev Est. $350.97M