Economic Calendar & Watch List 11/9/2015

2007

Monday November 9, 2015

 

Economic Calendar & Watch List 11/9/2015

 

Morning Notes

US futures are slightly lower this morning and European stocks are trading lower by nearly -.50% after this year’s and next Global GDP forecast was cut. Asian stocks closed mixed after a slowdown in China’s import and exports for October.

 

Technicals

SPY_11_9

The SPY traded lower in Friday’s session but managed to close well off the lows of the day. Support will lie at the low of Fridays’ range at $208.46, followed by $208.17, $207.74, and the 200 day moving average at $206.39. Resistance will lie at the high of Friday’s range at $210.32, followed by descending resistance at $210.80’s and then $210.90, $211.50, $211.66 and $211.77.

 

Small Cap Watch List

AVXL: Anavex Life Sciences – Company reported that Says Alzheimers Data Met Main, Secondary Goals. Gapping up 24% with a 28M share float.

ICON: Iconix Brands – Sees 2016 Adj. EPS Below Est; Takes 3Q Reserve. Gapping up 13% with a 43M share float.

 

**Others On Watch**

HZNP

WTW

 

Economic Calendar

11:00 USDA weekly grain export inspections

1:00 Treasury auctions $24 billion 3-year T-notes

4:00 USDA weekly crop progress

Notable Earnings Before Open

PCLN: Price Line – EPS Est. $24.23, Rev Est. $3.05B

TOL: Toll Brothers – EPS Est. $.83, Rev Est. $1.43B

DISH: DISH Network – EPS Est. $.39, Rev Est. $3.79B

DF: Dean Foods – EPS Est. $.24, Rev Est. $2.04B

HTZ: Hertz – EPS Est. $.52, Rev Est. $3.07B

 

Notable Earnings After Close

LGF: Lions Gate Entertainment – EPS Est. $.03, Rev Est. $491M

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