Economic Calendar & Watch Lists 10/24/2016

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Monday October 24, 2016

 

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are pointing modestly higher this morning while European markets are trading at nearly 6 month highs. AT&T has announced its plan to acquire Time Warner for $85B. Asian stocks closed mostly higher.

 

Technicals

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The SPY traded higher throughout Friday’s session closing out just off the intraday highs. Support will lie at the low of Friday’s range at $212.76, followed by the recent support pivot at $212.50, then $212.17, $211.21, and $210.78. Resistance will lie at the high of Friday’s range at $214.08, followed by the 100 day moving average at $214.23, then $214.64, $214.69, $215.74, and the 50 day moving average at $216.

 

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**

$VFC

$TMUS

 

Economic Calendar

8:30 September Chicago Fed national activity index expected +0.42 to -0.13

9:45 October Markit manufacturing PMI expected unchanged at 51.5

 

Notable Earnings Before Open

BEAV: B/E Aerospace – EPS Est. $.80, Rev Est. $711.41M

VFC: VF Corp – EPS Est. $1.15, Rev Est. $3.66B

TMUS: T Mobile – EPS Est. $.24, Rev Est. $9.44B

 

Notable Earnings After Close

ALSN: Allison Transmission – EPS Est. $.24, Rev Est. $433.79M

ZION: Zions Bancorp – EPS Est. $.50,  Rev Est. $603.84M

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