Economic Calendar & Watch List 11/5/2015

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Thursday November 5, 2015

 

Economic Calendar & Watch List 11/5/2015

 

Morning Notes

US futures are slightly higher this morning along with European stocks trading higher by nearly 1%. Facebook (FB) reported stronger than expected Q3 earnings and is trading up over 4% in the premarket. Yesterday, Fed Chair Janet Yellen spoke and her comments still hinted at a possible interest rate hike before years end. Asian markets closed mixed.  

 

Technicals

SPY_11_5

The SPY ended lower in yesterday’s session after a secondary test of descending resistance at $211 to close back below at $210.36. Support will lie at the low of yesterday’s range at $209.72 which also aligns with Tuesday at $209.70. Below, the next levels are $208.17, $207.74, and the 200 day moving average at $206.36. Resistance will still remain in descending form at $211, followed by the high of yesterday’s range at $211.50, $211.66, and $211.77.

 

Small Cap Watch List

*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.

 

**Others On Watch**

WFM

FEYE

RL

EXPE

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +2,000 to 262,000

8:30 Q3 non-farm productivity expected -0.3%

8:30 USDA weekly Export Sales

8:30 Fed Vice Chair Stanley Fischer, New York Fed President William Dudley and IMF Managing Director Christine Lagarde speak

1:30 Atlanta Fed President Dennis Lockhart speaks

Notable Earnings Before Open

ENDP: Endo Pharmaceuticals – EPS Est. $1.00, Rev. Est. $736.16M

SYMC: Symantec – EPS Est. $.42, Rev. Est. $1.5B

RL: Ralph Lauren – EPS Est. $1.74, Rev. Est. $1.95B

CELG: Celgene – EPS Est. $1.22, Rev. Est. $2.4B

 

Notable Earnings After Close

TRIP: TripAdvisor – EPS Est. $.55, Rev. Est. $430.55M

MNST: Monster Beverage – EPS Est. $.81, Rev. Est. $742.39M

DIS: Walt Disney – EPS Est. $1.14, Rev. Est. $13.55B

NVDA: Nvidia – EPS Est. $.25, Rev. Est. $1.18B

SHAK: Shake Shack – EPS Est. $.07, Rev. Est. $47.46M

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