Thursday January 28, 2016
Economic Calendar & Watch List 1/28/2016
US futures are flat to slightly higher this morning led by a big beat in FB earnings which is currently trading 14% higher in the pre market. European stocks are trading lower by nearly -2% after a larger than expected drop in the January consumer confidence number out of the Eurozone. Asian stocks closed mixed across the board.
The SPY traded lower in yesterday’s session following the FOMC minutes and ended near the lows. Support will lie at the low of yesterday’s range at $187.06, followed by $184.64 and $181.02. Resistance will lie at the high of yesterday’s range at $191.56, followed by $193.26.
Small Cap Watch List
*Please refer to the momentum scanners displayed live in the chat room for potential plays at the market open.
**Others On Watch**
8:30 Weekly initial unemployment claims expected -12,000 to 281,000
8:30 Dec durable goods orders expected -0.7% and -0.1% ex-transportation
8:30 USDA weekly Export Sales
10:00 Dec pending home sales expected +0.9% m/m and +4.8% y/y
11:00 Jan Kansas City Fed manufacturing activity expected -1 to -10
1:00 Treasury auctions $29 billion 7-year T-notes
Notable Earnings Before Open
CAT: Caterpillar – EPS Est. $.69, Rev Est. $11.42B
UA: Under Armour – EPS Est. $.46, Rev Est. $1.12B
F: Ford Motor – EPS Est. $.49, Rev Est. $36.32B
BABA: Alibaba – EPS Est. $.91, Rev Est. $33.18B
TWC: Time Warner – EPS Est. $1.79, Rev Est. $6.05B
CELG: Celgene – EPS Est. $1.25, Rev Est. $2.54B
LLY: Eli Lilly – EPS Est. $.77, Rev Est. $5.32B
JCI: Johnson Controls – EPS Est. $.83, Rev Est. $9.27B
HSY: Hershey – EPS Est. $1.05, Rev Est. $1.98B
BHI: Baker Hughes – EPS Est. $(.10), Rev Est. $3.47B
Notable Earnings After Close
V: Visa – EPS Est. $.68, Rev Est. $3.62B
AMZN: Amazon – EPS Est. $1.61, Rev Est. $35.98B
EA: Electronic Arts – EPS Est. $1.81, Rev Est. $1.81B
SWKS: Skyworks – EPS Est. $1.57, Rev Est. $915.68M
MSFT: Microsoft – EPS Est. $.71, Rev Est. $25.26B
AMGN: Amgen – EPS Est. $2.27, Rev Est. $5.53B
January 28th Watch List
QURE – Liking this bullish setup over the 20 and 50 EMAs, room to much higher in the range. Long entry is over 18.30, stop 18.00. Room here is to 19.40, then 20.80.
DEST – Nice bounce potential following a big earnings run. Long entry will be over 6.45-6.50, stop 6.15. Room here is going to be to 6.90, and then 7.50. $10 recent highs are not out of the question, just need some market cooperation.
AMC – On short watch under 20.60, stop 21.00. Room here is down to 19.66, recent lows. What I like here is that the stock is currently testing major long term support.
RNG – On short watch for a move down to 20.60, and then 19.80 gap fill. Nice fail at the 20/50 EMA today. entry is under 21.50, stop 22.00.
AMZN – On watch for an earnings straddle before the close. Will alert details of the trade if taken.