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
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