Friday July 17, 2015
Economic Calendar 7/17/2015
Morning Notes
US futures are currently flat and European stocks are trading slightly higher on optimism that the Greek Parliament will vote to back a greek bailout program. Asian stocks closed higher.
Technicals
The $SPY closed at $212.30 yesterday, again pushing through overhead resistance. Upper range support will be $211.50 – $211.25. Overhead resistance is at $212.60 followed by descending resistance at $212.85.
In Play
ICLD: InterCloud Systems – InterCloud Systems, Inc. Announces New Contracts for Next-Generation WiFi/DAS Business of Over $2.3 Million. Gapping up 8% with a 17M share float.
HTZ: Hertz – The company filed a statement after hours yesterday providing an update to a number of items, but highlighted the company’s commitment to a large share repurchase program. Gapping up 17% with a 379M share float.
Economic Calendar
8:30 CPI (Jun) – Est. 0.3%
8:30 Average Weekly Earnings (Jun)
8:30 Building Permits (Jun) – Est. 1.15M
8:30 Housing Starts (Jun) – Est. 1.106M
Earnings Before Open
ALV: Autoliv – EPS Est. $1.54, Rev Est. $2.28B
HON: Honeywell – EPS Est. $1.49, Rev Est. $9.74B
Earnings After Close
NONE
