Tuesday November 24, 2015
Economic Calendar & Watch List 11/24/2015
Morning Notes
US Futures are lower by nearly -.50% and European markets are off over -1% on news that Turkey has shot down a Russian military jet after Turkey claimed the jet had penetrated its airspace without permission. Asian stocks closed mixed.
Technicals
The SPY traded slightly lower in yesterday’s session on less than average volume as we approach the holiday. Support will lie at the low of yesterday’s range at $208.52, followed by $208.20 and the 200 day moving average at $206.60. Resistance will lie at the high of yesterday’s range at $209.98, followed by $210.12 and descending resistance at $210.60.
Small Cap Watch List
**Others On Watch**
PANW
DLTR
ADI
Economic Calendar
| 8:30 Revised Q3 GDP expected +2.1%
9:00 Sep S&P CaseShiller composite-20 home price index expected +0.30% m/m and +5.10% y/y 10:00 Nov consumer confidence expected +1.9 to 99.5 10:00 Nov Richmond Fed manufacturing survey expected +2 to 1 11:30 Treasury auctions $13 billion 2-year floating rate notes 1:00 Treasury auctions $35 billion 5-year T-notes |
Notable Earnings Before Open
CPB: Campbell Soup Co – EPS Est. $.76, Rev Est. $2.21B
TIF: Tiffany’s – EPS Est. $.75, Rev Est. $971M
DLTR: Dollar Tree – EPS Est. $.53, Rev Est. $4.84B
SIG: Signet Jewelers – EPS Est. $.39, Rev Est. $1.23B
DSW: DSW Inc – EPS Est. $.45, Rev Est. $668.51M
Notable Earnings After Close
HPQ: Hewlett Packard – EPS Est. $.44, Rev Est. $12.84B
VEEV: Veeva Systems – EPS Est. $.10, Rev Est. $103.64M