Friday May 15, 2015
Economic Calendar 5/15/2015
Morning Notes
US Futures are higher this morning at a record high and European Markets are up nearly 0.5% as the bond market rallied globally. UPS is trading trading higher by over 1% as it received a big upgrade from Goldman Sachs from hold to Buy. Asian Markets closed mixed.
Technicals
The $SPY rallied in yesterday’s session closing above the resistance level of $212 and currently trading higher in premarket around $212.60. The next resistance point is $213 and after that is very clear skies. Support will now be $212.
In Play
PTX: Pernix Therapeutics Holdings, Inc. – The Company announced news that it has received FDA approval for Treximet in pediatric patients for treatment of migraines. Gapping up 9% with a 28.4M share float.
MNGA: Magnegas – The Company announced news that it has received a purchase order for gas produced through a proprietary process converting waste into fuel. Gapping up 30% with a 25M share float.
BSQR: Bsquare – The Company posted better than expected earnings and sees continued profitability. Gapping up 34% with a 9.5M share float.
Economic Calendar
8:30 NY Empire State Manufacturing Index – Consensus 5.00
9:15 Capacity Utilization – Consensus 78.40%
9:15 Industrial Production (MoM) – Consensus 0.10%
9:15 Manufacturing Production (MoM) – Consensus 0.10%
10:00 Michigan Consumer Expectations – Consensus 88.60
10:00 Michigan Current Conditions – Consensus 107.00
10:00 Michigan Inflation Expectations
10:00 Michigan Consumer Sentiment – Consensus 96.0
10:00 Michigan 5-Yr Inflation Expectations
10:30 ECRI Weekly Annualized (WoW)
10:30 ECRI Weekly
16:00 TIC Net Long-Term Transactions
16:00 US Foreign Buying, T-Bonds
16:00 Overall Net Capital Flow
16:00 TIC Net Long-Term Transactions Inc. Swaps
Earnings Before Open
HGG: HHGregg – EPS Est. $(0.24), Rev Est. $515.39M
SORL: SORL Auto Parts – EPS Est. $0.16, Rev Est. $54.99M
Earnings After Close
DOVR: Dover Saddlery – EPS Est. $0.31, Rev Est. $52.55M
PBR: Petrobras – EPS Est. $0.09, Rev Est. $29.4M
Happy Trading!
