Economic Calendar & Watch List 12/8/2015

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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

SPY_12_8

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

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