Wednesday February 22, 2017
Economic Calendar & Watch List
Morning Notes
US Futures are slightly lower this morning along with European stocks as markets consolidate after consecutive days posting new record highs. Markets await the results of the January FOMC meeting which are to be released at 2 PM. The price of crude also consolidated after a strong move, pulling back -0.50%. Asian stocks closed mostly higher.
Technicals
The SPY continued its rally throughout yesterday’s session posting more record highs. Near term support will lie at the low of yesterday’s range at $235.51, followed by $235.09, $233.95, $233.85, $233.39, and $232.16. Resistance will lie only at the high of yesterday’s range at $236.69.
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**
$MBLY
Economic Calendar
10:00 January existing home sales expected +0.9% to 5.54M
1:00 Fed Governor Jerome Powell speaks
2:00 FOMC Minutes
Notable Earnings Before Open
DISH Network (DISH) – EPS Est. $0.66
Garmin Ltd. (GRMN) – EPS Est. $0.57
Mobileye (MBLY) – EPS Est. $0.20
Six Flags Entertainment (SIX) – EPS Est. $0.03
TJX Cos. (TJX) – EPS Est. $1.00
Toll Brothers (TOL) – EPS Est. $0.36
Wolverine World Wide (WWW) – EPS Est. $0.31
Notable Earnings After Close
ARRIS Group (ARRS) – EPS Est. $0.70
Cheesecake Factory (CAKE) – EPS Est. $0.67
Clovis Oncology (CLVS) – EPS Est. -$1.65
Ctrip.com (CTRP) – EPS Est. -$0.01
Fitbit (FIT) – EPS Est. -$0.50
HP, Inc. (HPQ) – EPS Est. $0.37
Jack in the Box (JACK) – EPS Est. $1.25
Popeyes Louisiana Kitchen (PLKI) – EPS Est. $0.47
Tesla (TSLA) – EPS Est. -$0.32
