Tuesday, August 9, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are slightly higher this morning along with European markets trading modestly higher. A few key economic data points hit this morning including labor costs, productivity, and wholesale inventories which will give markets further direction. Asian stocks closed mostly higher.
Technicals
The SPY initially pushed higher in yesterday’s session to then pull off the highs into the close. Support will lie at the low of yesterday’s range at $217.74, followed by upper support pivot at $217.30, then $217.07, $216.78, $215.83, and $215.13. Resistance will lie only at the high of yesterday’s range at $218.52.
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**
$W
$X
$ENDP
Economic Calendar
8:30 Q2 non-farm productivity expected +0.5%
10:00 Jun wholesale inventories expected unchanged
1:00 Treasury auctions $24 billion of 3-year T-notes
Notable Earnings Before Open
AER: Aercap Holdings – EPS Est. $1.43, Rev Est. $1.22B
CHTR: Charter Communications – EPS Est. $.21, Rev Est. $8.04B
LNG: Cheniere Energy – EPS Est. $(0.49), Rev Est. $N/A
COH: Coach – EPS Est. $.40, Rev Est. $1.15B
GWPH: GW Pharma – EPS Est. $(1.73), Rev Est. $3.36M
INCY: Incyte – EPS Est. $(.02), Rev Est. $233.39M
IONS: Ionis – EPS Est. $(.48), Rev Est. $40.43M
MWW: Monster Worldwide – EPS Est. $0.00, Rev Est. $158.26M
SAGE: Sage Therapeutics – EPS Est. $(1.04), Rev Est. $N/A
VRX: Valeant – EPS Est. $1.59, Rev Est. $2.59B
WWAV: White Wave – EPS Est. $.30, Rev Est. $1.05B
Notable Earnings After Close
CYBR: Cyberark Software – EPS Est. $.20, Rev Est. $48.35M
DIS: Disney – EPS Est. $1.61, Rev Est. $14.26B
FOSL: Fossil – EPS Est. $.09, Rev Est. $674.08M
HALO: Halozyme – EPS Est. $(.25), Rev Est. $27.36M
XON: Intrexon – EPS Est. $(.23), Rev Est. $55.37M
JAZZ: Jazz Pharma – EPS Est. $1.71, Rev Est. $382.75M
MDVN: Medivation – EPS Est. $.22, Rev Est. $209.54M
MYL: Mylan – EPS Est. $1.15, Rev Est. $2.61B
SCTY: SolarCity – EPS Est. $(2.43), Rev Est. $134.56M
SEDG: SolarEdge – EPS Est. $.36, Rev Est. $129.40M
August 9th Swing Watch List
$CECO – Long entry is over 7.53, stop 7.20. Target is 8.00+.
$EYES – A previous big runner showing signs of life. Long entry is over 4.23, add spot 4.50. Stop is 4.00. Target will be 5.30 and then 5.70.
$BCC – On short watch as it test the 9EMA here. Short entry is below 26.00, stop 27. Target will be 23.70.
