Tuesday October 25, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat this morning while European stocks trade slightly higher on positive outlooks on the strength of the global economy. Asian stocks closed mostly higher.
Technicals
The SPY traded higher throughout yesterday’s session and managed to hold back above its 100 day moving average. Support will lie at the low of yesterday’s range at $214.48, followed by the 100 day moving average at $214.27, then $214.08, $212.76, and the support pivot at $212.50. Resistance will lie at the high of yesterday’s range at $215.32, followed by $215.74, the 50 day moving average at $215.93, then $216, and the resistance pivot at $216.8.
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**
$UA
Economic Calendar
9:00 Aug FHFA house price index expected +0.4% m/m
9:00 Aug S&P CoreLogic composite-20 home price index expected +0.15% m/m
10:00 Oct consumer confidence expected -3.1 to 101
10:00 Oct Richmond Fed manufacturing survey expected +4 to -4
Notable Earnings Before Open
MMM: 3M – EPS Est. $2.14, Rev Est. $7.71B
AKS: AK steel – EPS Est. $.13, Rev Est. $1.45B
BHI: Baker Hughes – EPS Est. $(.43), Rev Est. $2.42B
CAT: Caterpillar – EPS Est. $.78, Rev Est. $9.84B
GLW: Corning – EPS Est. $.38, Rev Est. $2.5B
DD: Dupont – EPS Est. $.21, Rev Est. $4.88B
LLY: Eli Lilly – EPS Est. $.96, Rev Est. $5.36B
FCX: Freeport Mcmoran – EPS Est. $.19, Rev Est. $3.88B
GM: General Motors – EPS Est. $1.44, Rev Est. $40.02B
JNS: Janus Capital – EPS Est. $.23, Rev Est. $259.92M
JBLU: Jet Blue – EPS Est. $.60, Rev Est. $1.72B
LMT: Lockheed Martin – EPS Est. $2.86, Rev Est. $11.44B
SAVE: Spirit Airlines – EPS Est. $1.16, Rev Est. $606.87M
UA: Under Armour – EPS Est. $.25, Rev Est. $1.45B
UTX: United Technologies – EPS Est. $1.68, Rev Est. $14.42B
VLO: Valero – EPS Est. $.91, Rev Est. $16.5B
WHR: Whirlpool – EPS Est. $3.88, Rev Est. $5.32B
Notable Earnings After Close
AKAM: Akamai – EPS Est. $.61, Rev Est. $572.36M
AAPL: Apple – EPS Est. $1.66, Rev Est. $46.55B
CMG: Chipotle Mexican Grill – EPS Est. $1.63, Rev Est. $1.10B
JNPR: Juniper Networks – EPS Est. $.52, Rev Est. $1.25B
P: Pandora – EPS Est. $(.06), Rev Est. $366.23M
PNRA: Panera – EPS Est. $1.34, Rev Est. $682.82M