Thursday January 26, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking slightly higher at more all time highs while European stocks trade at over 1 year highs on continued optimism for the global economy and the new policies being introduced by the Trump administration. European stocks were boosted on stronger than expected Q4 GDP numbers and Asian stocks closed mostly higher.
Technicals
The SPY broke out through its recent consolidation on increased volume in yesterday’s session taking it to fresh highs. Support will lie at the low of yesterday’s range at $228.51, followed by $228.34, $228.08, and $226.27. Resistance will only lie at the high of yesterday’s range at $229.57.
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**
$MAT
$EBAY
$LVS
Economic Calendar
8:30 Weekly initial unemployment claims expected +13,000 to 247,000
8:30 December wholesale inventories expected +0.1%
8:30 December Chicago Fed national activity index expected +0.22
8:30 USDA weekly Export Sales
9:45 January Markit services PMI expected +0.5 to 54.4
10:00 December new home sales expected -0.8% to 587K
10:00 Dec leading indicators expected +0.5%
11:00 January Kansas City Fed manufacturing survey expected -3 to 8
Notable Earnings Before Open
Baker Hughes (BHI) – EPS Est. -$0.11
Biogen (BIIB) – EPS Est. $4.96
Bristol-Myers Squibb (BMY) – EPS Est. $0.67
Caterpillar (CAT) – EPS Est. $0.66
Celgene (CELG) – EPS Est. $1.59
Comcast (CMCSA) – EPS Est. $0.87
Fiat Chrysler Automobiles (FCAU) – EPS Est. $0.49
Ford Motor (F) – EPS Est. $0.31
JetBlue Airways (JBLU) – EPS Est. $0.49
L-3 Communications (LLL) – EPS Est. $2.11
Northrop Grumman (NOC) – EPS Est. $2.49
Raytheon (RTN) – EPS Est. $1.87
Royal Caribbean Cruises (RCL) – EPS Est. $1.21
Southwest Airlines (LUV) – EPS Est. $0.70
Notable Earnings After Close
Alphabet (GOOG) – EPS Est. $9.65
E*TRADE Financial (ETFC) – EPS Est. $0.42
Intel (INTC) – EPS Est. $0.74
Juniper Networks (JNPR) – EPS Est. $0.63
Microsoft (MSFT) – EPS Est. $0.78
Starbucks Coffee (SBUX) – EPS Est. $0.52
VMware (VMW) – EPS Est. $1.40
Wynn Resorts Ltd (WYNN) – EPS Est. $0.86
