Tuesday, July 19, 2016
Economic Calendar & Watch Lists 7/19/2016
Morning Notes
US Futures are tracking slightly lower this morning while European markets are trading lower by over -1% on Eurozone economic growth concerns due to the Brexit decision. NFLX plummeted over 13% after posting its earnings yesterday after market close, citing slower than expected user growth as the main concern. Asians markets closed mixed across the board.
Technicals
The SPY traded on an inside day on anemic volume which presented very little trading opportunities. Support will lie at the low of yesterday’s range at $215.67, followed by Friday’s low at $215.31, Thursday’s low at $214.35, then the former macro ascending resistance at $214.70 – $214.80. Resistance will lie at the high of yesterday’s range at $216.60, followed by the recent high at $217.01.
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**
$NFLX
$VMW
Economic Calendar
8:30 Jun housing starts expected +0.1% to 1.165M
Notable Earnings Before Open
GS: Goldman Sachs – EPS Est. $3.01, Rev Est. $7.6B
GWW: Grainger – EPS Est. $3.18, Rev Est. $2.59B
JNJ: Johnson & Johnson – EPS Est. $1.69, Rev Est. $17.99B
KSU: Kansas City Southern – EPS Est. $1.04, Rev Est. $572.95M
LMT: Lockheed Martin – EPS Est. $2.92, Rev Est. $12.56B
AMTD: TD Ameritrade – EPS Est. $.38, Rev Est. $828.30M
UNH: United Healthcare – EPS Est. $1.89, Rev Est. $45.05B
Notable Earnings After Close
ISRG: Intuitive Surgical – EPS Est. $4.98, Rev Est. $642.2M
MRVL: Marvell Technology – EPS Est. $.09, Rev Est. $612.08M
MSFT: Microsoft – EPS Est. $.58, Rev Est. $22.14B
UAL: United Airlines – EPS Est. $2.53, Rev Est. $9.38B
