Economic Calendar & Watch List 11/19/2015

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Thursday November 19, 2015

 

Economic Calendar & Watch List 11/19/2015

 

Morning Notes

US Futures are slightly higher this morning and European stocks are also trading higher by nearly +1% after the results of the FOMC’s most recent meeting signaled that the economy would be strong enough to endure a rate increase at the next meeting. Asian stocks closed mostly higher.

 

Technicals

SPY_11_19

The SPY surged higher in yesterday’s session after the release of the FOMC minutes, closing just off the highs. Support will lie at the 200 day moving average at $206.56, followed by the low of yesterday’s range at $205.99, and then $204.88. Resistance will lie at the high of yesterday’s range at $208.90, followed by $209.49, $210.32, and descending resistance at $210.70.

 

Small Cap Watch List

AVXL: Anavex Life Sciences – Extending its gains from yesterday. Gapping up 20% with a 28M share float.

CLDN: Celladon and Eiger BioPharmaceuticals sign merger agreement; concurrent financing of $39.5 million from investor syndicate. Gapping up 57% with a 13.9M share float.

NLST: Netlist Announces Strategic Partnership With Samsung For New Storage Class Memory. Gapping up 63% with a 39.2M share float.

 

**Others On Watch**

CRM

GMCR

BBY

UNH

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -6,000 to 270,000

8:30 USDA weekly Export Sales

10:00 Nov Philadelphia Fed manufacturing outlook survey expected +4.2 to -0.3

10:00 Oct leading indicators expected +0.5%

12:30 Atlanta Fed President Dennis Lockhart speaks

1:00 Treasury auctions $13 billion 10-year TIPS

Notable Earnings Before Open

SJM: JM Smuckers – EPS Est. $1.51, Rev Est. $2.08B

BBY: Best Buy – EPS Est. $.35, Rev Est. $8.86B

 

Notable Earnings After Close

ADSK: Autodesk – EPS Est. $.08, Rev Est. $591.36M

ROST: Ross Stores – EPS Est. $.50, Rev Est. $2.77B

GPS: Gap Inc. – EPS Est. $.63, Rev Est. $3.9B

INTU: Intuit – EPS Est. $.04, Rev Est. $670.37M

WSM: Williams-Sonoma – EPS Est. $.78, Rev Est. $281.4M

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