Economic Calendar & Watch List 11/12/2015

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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

SPY_11_12

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

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