Thursday December 1, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are slightly lower this morning while European markets trade lower by nearly -1% ahead of the monthly non farm payrolls report along with the potential upcoming referendum in Italy on Sunday. The price of crude is edging higher again this morning, lifting energy producing stocks. Asian stocks closed mostly higher.
Technicals
The SPY touched more record highs throughout yesterday’s session but closed back near the low. Support will lie at the low of yesterday’s range at $220.31, followed by $220.17, $219.75, $219, $218.29, and $217.92. Resistance will lie at the high os yesterday’s range, or all time highs, at $221.82.
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**
TBD
Economic Calendar
8:30 Weekly initial unemployment claims expected +2,000 to 253,000
8:30 USDA weekly Export Sales
9:45 Final-Nov Markit manufacturing PMI expected unch at 53.9
10:00 Oct construction spending expected +0.6%
10:00 Nov ISM manufacturing index expected +0.4 to 52.3
Notable Earnings Before Open
Dollar General (NYSE: DG) – consensus EPS $0.93
Express (NYSE: EXPR) – consensus EPS $0.13
Kroger (NYSE: KR) – consensus EPS $0.41
Notable Earnings After Close
Ambarella (Nasdaq: AMBA) – consensus EPS $0.95
Ascena Retail Group (Nasdaq: ASNA) – consensus EPS $0.20
Smith & Wesson (Nasdaq: SWHC) – consensus EPS $0.55
Ulta Salon (Nasdaq: ULTA) – consensus EPS $1.37
