Tuesday December 8, 2015
Economic Calendar & Watch List 12/8/2015
Morning Notes
US futures are lower this morning by nearly -.75% and European stocks are trading lower by over -1% after China Imports for November fell for the 13th consecutive month and exports declined more than the estimates. Asian stocks closed mostly lower.
Technicals
The SPY traded on an inside day in yesterday’s session while still allowing for more than average volatility due to the range. Support will lie at the low of yesterday’s range at $207.20, followed by the 200 day moving average at $206.57 and $205.93. Resistance will lie at the high of yesterday’s range at $209.73, followed by $209.97 and $211.
Small Cap Watch List
ONTX: Onconova – Reports Data From Trial of Rigosertib, Azacitidine. Gapping up 49% with a 15.8M share float.
TXMD: TherapeuticsMD – The company reported that Phase 3 was Statistically Significant. Gapping up 33% with a 134M share float.
**Others On Watch**
BHP
TOL
Economic Calendar
| 10:00 Oct JOLTS job openings expected -26,000 to 5.500 million
1:00 Treasury auctions $24 billion 3-year T-notes |
Notable Earnings Before Open
TOL: Toll Brothers – EPS Est. $.84, Rev Est. $1.44B
HDS: HD Supply – EPS Est. $.65, Rev Est. $2.04B
AZO: AutoZone – EPS Est. $8.24, Rev Est. $2.39B
CONN: Conn’s – EPS Est. $.23, Rev Est. $421.87M
Notable Earnings After Close
COST: Costco – EPS Est. $1.17, Rev Est. $27.65B
SWHC: Smith & Wesson – EPS Est. $.20, Rev Est. $135.32M
KKD: Krispy Kreme – EPS Est. $.19, Rev Est. $133.46M
