Economic Calendar & Watch List 6/29/2017

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Thursday June 29, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US stock futures suggest a mixed start ahead of economic growth figures. A rally in bank stocks is helping to try and pull the markets higher. Wednesday US stocks rose sharply with materials stocks being the highest gainers. Asian stocks settled higher on the day.

 

Technicals

The SPY reclaimed the 20 EMA throughout yesterday’s session as the recent dip got bought. Support will lie at the low of yesterday’s range at $242.23, followed by $241.31, and the near term support pivot at $240.65, which also coincides with the 50 SMA. Then, $239.93, $239.51, and $238.82. Resistance will lie at the high of yesterday’s range at $243.72, then $244.38, $244.73, $244.87, and the record highs at $245.01.

 

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**

$STZ

$JPM

$WBA

Economic Calendar

0830 ET   Weekly initial unemployment claims expected -1,000 to 240K

0830 ET   Q1 GDP expected unrevised at +1.2%

1030 ET   Natural Gas Storage

 

Notable Earnings Before Open

McCormick & Co Inc (MCK) – Est EPS $0.762

Constellation Brands Inc (STZ) – Est EPS $1.976

Walgreens Boots Alliance Inc (WBA) – Est EPS $1.297

Conagra Brands Inc (CAG) – Est EPS $0.373

Rite Aid Corp (RAD) – Est EPS $(0.013)

 

Notable Earnings After Close

Micron Technology Inc (MU) – Est EPS $1.519

Nike Inc (NKE) – Est EPS $0.501

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