Economic Calendar & Watch Lists 8/10/2016

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Wednesday, August 10, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are slightly higher this morning as European markets are trading lower, led by a decline in energy producing stocks as the price of crude oil dips nearly -1%. Asian stocks closed mostly lower.

 

Technicals

SPY810

The SPY tested new highs in yesterday’s session to then edge back lower towards the close. Support will lie at the low of yesterday’s range at $217.80, followed closely by $217.74, the upper support pivot at $217.30, then $217.07, $216.78, and $215.83. Resistance will lie only at the high of yesterday’s range at $218.76.

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**

$KORS

$YELP

$PRGO

$RL

Economic Calendar

10:00 Jun JOLTS job openings expected +88,000 to 5.588M

10:30 EIA Weekly Petroleum Status Report

1:00 Treasury auctions $23B of 10-year T-notes

2:00 Jul monthly budget statement expected -$124.0B

 

Notable Earnings Before Open

JD: JD.com – EPS Est. $(.07), Rev Est. $9.81B

KORS: Michael Kors – EPS Est. $.74, Rev Est. $953.14M

PRGO: Perrigo – EPS Est. $2.00, Rev Est. $1.44B

RL: Ralph Lauren – EPS Est. $.89, Rev Est. $1.53B
WEN: Wendy’s – EPS Est. $.09, Rev Est. $367.44M

 

Notable Earnings After Close

BUFF: Blue Buffalo – EPS Est. $.17, Rev Est. $279.25M

RDEN: Elizabeth Arden – EPS Est. $(.78), Rev Est. $193.75M

SHAK: Shake Shack – EPS Est. $.13, Rev Est. $63.21M

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