Thursday February 2, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are slightly lower this morning while along with European stocks in uninspired trade. The BOE maintained its benchmark rate and asset purchasing program. Asian stocks closed mostly lower.
Technicals
The SPY held the former descending resistance throughout Tuesday’s sessions and attempted to pivot back higher during yesterday’s session. Support will lie at the low of yesterday’s range at $226.94, followed closely by the former descending resistance at $226.70, then $226.32, $225.27, and the 50 day moving average at $224.99. Resistance will lie at the high of yesterday’s session at $228.59, followed by $228.76, $229.59, and record highs at $229.71.
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**
$FB
$RL
$CRUS
$SFLY
Economic Calendar
8:30 Weekly initial unemployment claims expected -9,000 to 250
8:30 Q4 non-farm productivity expected +1.0%
8:30 USDA weekly Export Sales
Notable Earnings Before Open
AstraZeneca (AZN) – EPS Est. $0.59
Cigna Corp. (CI) – EPS Est. $1.74
ConocoPhillips (COP) – EPS Est. -$0.42
Ferrari (RACE) – EPS Est. $0.57
International Paper (IP) – EPS Est. $0.71
Nokia (NOK) – EPS Est. $0.08
Philip Morris (PM) – EPS Est. $1.12
Ralph Lauren (RL) – EPS Est. $1.64
Notable Earnings After Close
Amazon.com (AMZN) – EPS Est. $1.35
Amgen (AMGN) – EPS Est. $2.79
Chipotle Mexican Grill (CMG) – EPS Est. $0.98
Deckers Outdoor (DECK) – EPS Est. $4.24
FireEye (FEYE) – EPS Est. -$0.16
GoPro(GPRO) – EPS Est. $0.24
Tableau Software (DATA) – EPS Est. $0.13
