Economic Calendar & Watch Lists 11/1/2016

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Tuesday November 1, 2016

Economic Calendar & Watch Lists

 

Morning Notes

US Futures are slightly higher this morning along with European stocks after China released monthly manufacturing data that was better than expected and showed expansion at its best levels in over 2 years, giving a lift to global equities.

 

Technicals

spy11_1

The SPY struggled to maintain strength throughout yesterday’s session but managed to close just slightly back above the recent support pivot at $212.50. Support will lie at the recent support pivot at $212.50, followed by the low of yesterday at $212.36, then $211.71, $211.21, and $210.78. Resistance will lie at the high of yesterday at $213.19, followed by $213.93, the 100 day moving average at $214.36, then $214.62, $214.98, and the 50 day moving average at $215.40.

 

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**

$BABA
$LB

Economic Calendar

9:45 Revised October Markit U.S. manufacturing PMI expected unch at 53.2

10:00 September construction spending expected +0.5%

10:00 Oct ISM manufacturing index expected +0.2 to 51.7

10:30 FOMC begins 2-day policy meeting

 

Notable Earnings Before Open

ADPT: Adeptus Health – EPS Est. $.56, Rev Est. $92.53M

ARRY: Array Biopharma – EPS Est. $(.19), Rev Est. $37.23M

DISCA: Discovery Communications – EPS Est. $.43, Rev Est. $1.56M

INCY: Incyte – EPS Est. $0.00, Rev Est. $262.77M

K: Kellogg – EPS Est. $.87, Rev Est. $3.3B

LYB: LyondellBasell – EPS Est. $2.30, Rev Est. $7.3B

TAP: Molson Coors – EPS Est. $1.00, Rev Est. $972.60M

MOS: Mosaic – EPS Est. $.11, Rev Est. $1.89B

 

Notable Earnings After Close

BYD: Boyd Gaming – EPS Est. $.12, Rev Est. $542.32M

EA: Electronic Arts – EPS Est. $.43, Rev Est. $1.09B

ETSY: Etsy – EPS Est. $(.02), Rev Est. $89.93M

GILD: Gilead – EPS Est. $2.87, Rev Est. $7.41B

HLF: Herbal Life – EPS Est. $1.08, Rev Est. $1.15B

ILMN: Illumina – EPS Est. $.87, Rev Est. $617.09M

LOCK: Life Lock – EPS Est. $.35, Rev Est. $168.88M

MXWL: Maxwell – EPS Est. $(.22), Rev Est. $25.45M

RGR: Sturm Ruger – EPS Est. $NA Rev Est. $NA

DATA: Tableau Software – EPS Est. $.08, Rev Est. $213.39M

WBMD: WebMD – EPS Est. $.40, Rev Est. $169.95M

WU: Western Union – EPS Est. $.44, Rev Est. $1.4B

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