Tuesday July 28, 2015
Economic Calendar & Watch List 7/28/2015
Morning Notes
US futures are higher this morning and European stocks are trading higher by over 1.3% after reliefs of the Chinese market only closing slightly lower. U.S. and European markets are higher also on large European pharma takeover deals worth a total of 15B dollars.
Technicals
The $SPY traded lower in yesterday’s session but held the 200 day moving average and closed back above at $206.79. Support will remain at the 200 day moving average at $206.50. Overhead resistance lies at $207.60 followed by $208.
In Play
ACPW: Active Power – The company reported Q2 results and revenue Increased 42% in First Six Months of 2015 Versus Prior Year Period; Turnaround Strategy Yields Improved Results. Gapping up16% with a 16.8M share float.
ITEK: Inotek pharmaceuticals – The company was given a new price target boosted to $29 from $9 at Analyst firm Piper Jaffray. Gapping up 8% with a 4.38M share float.
PGNX: Progenics – Progenics Announces the U.S. Food and Drug Administration (FDA) has designated Breakthrough Therapy Designation for Azedra in Pheochromocytoma and Paraganglioma. Gapping up 17% with a 54.7M share float.
Economic Calendar
8:55 Redbook (MoM)
8:55 Redbook (YoY)
9:00 S&P/CS HPI SA-20 (MoM) – Consensus 0.30%
9:00 S&P/CS HPI SA-20 (MoM) [May] – Consensus 0.30%
9:00 S&P/CS HPI NSA-20 (MoM) [May] – Consensus 1.30%
9:00 S&P/CS HPI NSA-20 (YoY) [May] – Consensus 5.60%
9:45 Services PMI [Jul] – Consensus 0.30%
10:00 Richmond Fed Services PMI [Jul]
10:00 Richmond Mfg. Shipments [Jul]
10:00 Richmond Mfg. Index [Jul] – Consensus 6.00
10:00 CB Consumer Confidence [Jul] – Consensus 100.20
10:30 Texas Service Outlook [Jul]
10:30 Dallas Fed Services Revenues [Jul]
4:30 API Weekly Crude Oil Stock
Earnings Before Open
F: Ford – EPS Est. $0.37, Rev Est. $35.39B
PFE: Pfizer- EPS Est. $0.51, Rev Est. $11.39B
JBLU: JetBlue – EPS Est. $0.45, Rev Est. $1.61B
MRK: Merck & Co – EPS Est. $0.80, Rev Est. $9.80B
UPS: United Parcel Service – EPS Est. $1.27, Rev Est. $14.54B
Earnings After Close
X: US Steel- EPS Est. $(0.64), Rev Est. $3.05B
GILD: Gilead – EPS Est. $2.64, Rev Est. $7.52B
TWTR: Twitter – EPS Est. $0.04, Rev Est. $480.88M
PNRA: Panera Bread – EPS Est. $1.63, Rev Est. $680.03B
