Economic Calendar & Watch Lists 7/27/2016

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Wednesday, July 27, 2016

 

Economic Calendar & Watch Lists 7/27/2016

 

Morning Notes

US Futures are slightly higher this morning while European stocks trade higher by over +1% after AAPL posted positive earnings and is moving sharply higher in the pre market session. Markets today await the results of the 2 day policy meeting of the FOMC which will be released at 2 PM EST. Asian stocks closed mostly higher, except for China.

 

Technicals

SPY727

The SPY continues to sit in a period of consolidation near the highs on light relative volume. Support will lie at the low of yesterday’s range at $215.76, followed closely by 4215.63, $215.31, and $214.35. Resistance will lie at the high of yesterday’s range at $217.17, followed closely again by $217.30 and $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**

$BA

$LOGM

$GRMN

$MBLY

 

Economic Calendar

8:30 Jun durable goods orders expected -1.1% and +0.3% ex-trans

10:00 Jun pending home sales expected +1.2% m/m and +3.0% y/y

10:30 EIA Weekly Petroleum Status Report

2:00 FOMC announces interest rate decision

 

Notable Earnings Before Open

ANGI: Angie’s List – EPS Est. $(.06), Rev Est. $86.21M

ANTM: Anthem – EPS Est. $3.24, Rev Est. $20.53B

BA: Boeing – EPS Est. $(.88), Rev Est. $23.7B

KO: Coca – Cola – EPS Est. $.58, Rev Est. $11.7B

GRMN: Garmin – EPS Est. $.67, Rev Est. $762.97M

GD: General Dynamics – EPS Est. $2.3, Rev Est. $7.88B

GT: Goodyear Tire – EPS Est. $1.04, Rev Est. $3.93B

HLT: Hilton – EPS Est. $.26, Rev Est. $3.06B

LVLT: Level 3 Communications – EPS Est. $.46, Rev Est. $2.08B

LL: Lumber Liquidators – EPS Est. $(.22), Rev Est. $240.56M

MDCO: Medicine Co – EPS Est. $(1.2), Rev Est. $41.93M

NOC: Northrop Grumman – EPS Est. $2.5, Rev Est. $5.98B

 

Notable Earnings After Close

CAKE: Cheesecake Factory – EPS Est. $.70, Rev Est. $562.96M

CBI: Chicago Bridge & Iron – EPS Est. $1.22, Rev Est. $2.82B

FB: Facebook – EPS Est. $.81, Rev Est. $6.02B

GPRO: GoPro – EPS Est. $(.58) Rev Est. $194.31M

GRPN: Groupon – EPS Est. $(.02), Rev Est. $710.97M

MAR: Marriott – EPS Est. $.98, Rev Est. $3.9B

MRVL: Marvell Technology – EPS Est. $.08, Rev Est. $612.08M

NXPI: NXP Semiconductors – EPS Est. $1.35, Rev Est. $2.35B

 

 

July 27th Swing Watch List

$TROX – Long entry is over 6.90, add spot 7.15. Stop is 6.29. Target is 7.75 and then 8.20.

$GSM – Long entry is over 9.20, stop 8.90. Target is 10, then 10.50 area.

$NAV – Long entry is over 13.30, stop 12.85. Target is 14.30 and then 16.

$MCD – On short watch for a put spread to capture the move to support. Sep16 120/115 for a debit of around .75 or so, will wait for price to increase to confirm direction.

$ZOES – On short watch for a move below 35 support. Looking to start a short on this under 35.50, add 35.00. Stop will be 36. Target is 32.

 

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