Economic Calendar & Watch Lists 10/27/2016

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Thursday October 27, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are pointing slightly higher this morning while European markets trade flat to slightly lower. Asian stocks closed mostly lower. For M&A activity, QCOM will buy NXPI for $47B.

 

Technicals

spy1027

The SPY attempted to push higher throughout yesterday’s session but could not break the 100 day moving average and closed out well off the intra day highs. Support will lie at the low of yesterday’s range at $212.94, followed by $212.76, and the support pivot at $212.50. Resistance will lie at the 100 day moving average at $214.34, followed by the high of yesterday’s range at $214.42, then $214.98, $215.32, $215.74, and the 50 day moving average at $215.75.

 

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**

 

Economic Calendar

8:30 Weekly initial unemployment claims expected -5,000 to 255K

8:30 Sep durable goods orders expected unch and +0.2% ex trans

8:30 USDA weekly Export Sales

10:00 Sep pending home sales expected +1.1% m/m

11:00 Oct Kansas City Fed manufacturing activity survey expected -3 to 3

 

Notable Earnings Before Open

AET: Aetna – EPS Est. $2.02, Rev. Est. $15.76B

MO: Altria – EPS Est. $.81, Rev. Est. $5.12B

BMY: Bristol Meyers – EPS Est. $.65, Rev. Est. $4.74B

CELG:  Celgene – EPS Est. $1.48, Rev. Est. $2.85B

CLF: Cliffs NaturalEPS Est. $.19, Rev. Est. $595.73M

COP: Conoco Phillips – EPS Est. $(.69), Rev. Est. $6.36B

GNC: GNC Holdings – EPS Est. $.71, Rev. Est. $648.14M

SRPT: Sarepta – EPS Est. $(1.35), Rev. Est. $6.35M

TWTR: Twitter – EPS Est. $.09, Rev. Est. $606.57M

 

Notable Earnings After Close

GOOG: Alphabet – EPS Est. $NA Rev. Est. $NA

AMZN: Amazon – EPS Est. $.85, Rev. Est. $32.56B

AMGN: Amgen – EPS Est. $2.79, Rev. Est. $5.75B

BIDU: Baidu – EPS Est. $1.11, Rev. Est. $2.62B

CRUS: Cirrus Logic – EPS Est. $1.05, Rev. Est. $396.24M

EXPE: Expedia – EPS Est. $2.5, Rev. Est. $2.56B

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