Economic Calendar & Watch List 2/16/2017

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Thursday February 16, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are tracking slightly lower this morning while European stocks also pull in -0.42% after several days of strength. CSCO reported better than expected Q2 earnings, bolstering technology stocks. Asian stocks closed mostly mixed.

 

Technicals

The SPY surged higher again to more record highs throughout yesterday’s session. Support will lie at the low of yesterday’s range at $233.39, followed by $232.16, $232.05, $231.77, $230.62, ad $229.56. Resistance will lie only at the high of yesterday’s range at $235.14.

 

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**

$KATE

$MOH

 

Economic Calendar

8:30 Weekly initial unemployment claims expected +11K to 245K

8:30 January housing starts expected unchanged at 1.226M

8:30 February Philadelphia Fed business outlook survey expected -5.6 to 18

8:30 USDA weekly Export Sales

 

Notable Earnings Before Open
Dean Foods (DF) – EPS Est. $0.41

Duke Energy (DUK) – EPS Est. $0.81

On Deck Capital (ONDK) – EPS Est. -$0.17

Wendy’s (WEN) – EPS Est. $0.09

MGM Resorts (MGM) – EPS Est. $0.20

Notable Earnings After Close
Arista Networks (ANET) – EPS Est. $0.82

TrueCar (TRUE) – EPS Est. -$0.05

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