Economic Calendar & Watch Lists 7/22/2016

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Friday, July 22, 2016

 

Economic Calendar & Watch Lists 7/22/2016

 

Morning Notes

US Futures are pointing slightly higher this morning after positive earnings results were reported last night bumping the market higher early. European stocks are also trading slightly higher after Vodafone PLC reported better than expected earnings results but gains were limited by Eurozone manufacturing numbers coming in lower than expected due to the Brexit decision last month. Asian stocks closed lower.

 

Technicals

SPY722

The SPY showed weakness into the late afternoon during yesterday’s session on higher volume than the prior 3 days of consolidation. Support will lie at the low of yesterday’s range at $215.75, followed closely by $215.63, $215.31, and $214.35. Resistance will lie at the high of yesterday’s range at $217.22, followed by Wednesday’s high at $217.37.

 

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**

$SKX

$SWKS

$SBUX

$PBYI

$PYPL

 

Economic Calendar

9:45 Preliminary-Jul Markit U.S. manufacturing PMI expected +0.2 to 51.5

 

Notable Earnings Before Open

AAL: American Airlines – EPS Est. $1.6, Rev Est. $10.31B

GE: General Electric – EPS Est. $.46, Rev Est. $31.82B

HON: Honeywell – EPS Est. $1.64, Rev Est. $10.13B

TXT: Textron – EPS Est. $.63, Rev Est. $3.37B

VFC: V.F. Corp – EPS Est. $.34, Rev Est. $2.53B

WFT: Weatherford – EPS Est. $(.43) Rev Est. $1.43B

WHR: Whirlpool – EPS Est. $3.35, Rev Est. $5.13B

 

Notable Earnings After Close

NONE

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