Economic Calendar & Watch List 7/19/2016

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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

SPY719

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

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