Thursday February 9, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are tracking slightly higher this morning while European stocks are trading nearly +1% on strength in the banking sector. The price of crude is edging higher by just over +0.6% giving energy producing stocks a lift. Asian stocks closed predominantly higher.
Technicals
The SPY remained in the narrow range we have seen over the last several sessions resulting in limited action. Support will lie at the low of yesterday’s range at $228.31, followed by $228.10, $226.82, the former descending resistance at $226.50, then $226.32, and the 50 day moving average at $225.85.
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**
$TWTR
$VIAB
Economic Calendar
8:30 Weekly initial unemployment claims expected +3,000 to 249
8:30 USDA weekly Export Sales
9:10 St. Louis Fed President James Bullard
10:00 Revised Dec wholesale inventories expected unrevised
1:10 Chicago Fed President Charles Evans speaks
Notable Earnings Before Open
Array Biopharma (ARRY) – EPS Est. -$0.18
CVS Health (CVS) – EPS Est. $1.67
Central European Media Enterprises (CETV) – EPS Est. $0.06
Cliffs Natural Resources (CLF) – EPS Est. $0.23
Coca Cola (KO) – EPS Est. $0.37
Dunkin’ Brands (DNKN) – EPS Est. $0.61
First American Financial (FAF) – EPS Est. $0.82
Gannett (GCI) – EPS Est. $0.42
Kellogg (K) – EPS Est. $0.85
Regeneron (REGN) – EPS Est. $3.03
Reynolds American (RAI) – EPS Est. $0.60
Viacom (VIAB) – EPS Est. $0.84
Yum! Brands (YUM) – EPS Est. $0.74
Notable Earnings After Close
Activision Blizzard (ATVI) – EPS Est. $0.74
CyberArk Software (CYBR) – EPS Est. $0.33
Expedia (EXPE) – EPS Est. $1.37
Infinera (INFN) – EPS Est. -$0.13
Mohawk Industries (MHK) – EPS Est. $3.23
NVIDIA (NVDA) – EPS Est. $0.83
Skechers USA (SKX) – EPS Est. $0.11
The Bancorp (TBBK) – EPS Est. $0.05
Twitter (TWTR) – EPS Est. $0.12
Verisign Inc. (VRSN) – EPS Est. $0.88
Western Union (WU) – EPS Est. $0.43
Yelp (YELP) – EPS Est. $0.03
