Thursday November 12, 2015
Economic Calendar & Watch List 11/12/2015
Morning Notes
US Futures are relatively flat this morning ahead of Fed Chair Janet Yellen and other FOMC members speaking about monetary policy where the market will listen for clues as to the timing of the imminent interest rate hike. European stocks are trading slightly lower mostly led by cautious comments from Rolls Royce as the expect nearly a $1B decrease in sales stemming from the lack of demand in aircraft engines. In addition ECB president Draghi made comments regarding the weak economic outlook due to the slowing global growth. Asian stocks closed mixed.
Technicals
The SPY traded lower in yesterday’s session closing near the lows of the day. Support will lie at the low of yesterday’s range at $207.66, followed by $207.19, $206.95, and the 200 day moving average at $206.47. Resistance will lie at the high of yesterday’s range at $208.94, followed by $209.49, $210.32, and descending resistance at $210.75.
Small Cap Watch List
EYEG: EyeGate Pharma – Rated new BUY at Needham & Co., P/T $11. Gapping up 12% with 2.75 mil share float.
HART: Harvard Apparatus Regenerative Tech – Confirmation Results For 2nd Gen. Bioengineered Esophagus, trachea, & Bronchus Implants. Gapping up 80% with a 10M share float.
**Others On Watch**
KSS
BABA
AAP
Economic Calendar
| 8:30 Weekly initial unemployment claims expected -6,000 to 270,000, previous +6,000 to 276,000
9:15 St. Louis Fed President James Bullard speaks 9:30 Fed Chair Janet Yellen delivers opening remarks at a Fed policy conference 10:00 Sep JOLTS job openings expected +30,000 to 5.400 million 10:15 Chicago Fed President Charles Evans speaks 11:00 EIA Weekly Petroleum Status Report 11:00 Treasury announces amount of 10-year TIPS to be auctioned on Nov 19 12:10 New York Fed President William Dudley speaks 1:00 Treasury auctions $16 billion 30-year T-bonds 2:00 Oct monthly budget statement expected -$131.50 billion |
Notable Earnings Before Open
HP: Helmerich & Payne – EPS Est. $.05, Rev Est. $521.82M
AAP: Advance Auto Parts – EPS Est. $2.09, Rev Est. $2.33B
VIAB: Viacom – EPS Est. $1.55, Rev Est. $3.88B
KSS: Kohl’s – EPS Est. $.69, Rev Est. $4.41B
Notable Earnings After Close
CSCO: Cisco – EPS Est. $.56, Rev Est. $12.65B
JWN: Nordstrom – EPS Est. $.72, Rev Est. $3.37B
AMAT: Applied Materials – EPS Est. $.29, Rev Est. $2.4B
FOSL: Fossil Group – EPS Est. $1.13, Rev Est. $793.72M
