Thursday November 3, 2016
Economic Calendar & Watch Lists
Morning Notes
US Futures are relatively flat to slightly higher this morning after 7 straight sessions of decline. Markets await the results of the imminent presidential election which still remains very uncertain at this time. Asian stocks closed mostly lower with Japan closed for holiday.
Technicals
The SPY continued its move lower yesterday and closed negative for the 7th straight session. Support will lie at the low of yesterday’s range at $209.23 followed by the 200 day moving average at $203.09. Resistance will lie at the high of yesterday’s range at $211.10, followed by the recent support pivot which is now resistance at $212.50, then $212.99, $213.19, $213.93, and the 100 day moving average at $214.38.
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**
$FSLR
$FB
Economic Calendar
8:30 Weekly initial unemployment claims expected -2,000 to 256,000
8:30 3 non-farm productivity expected +2.1%
8:30 USDA weekly Export Sales
9:45 Final-Oct Markit U.S. services PMI expected unch at 54.8
10:00 Oct ISM non-manufacturing PMI expected -1.1 to 56
Notable Earnings Before Open
DDD: 3D Systems – EPS Est. $.09, Rev Est. $166.53M
APA: Apache – EPS Est. $(.11) Rev Est. $1.39B
CHTR: Charter Communications – EPS Est. $.62, Rev Est. $10.02B
GOGO: Gogo In Flight – EPS Est. $(.45), Rev Est. $148.08M
LVLT: Level 3 Communications – EPS Est. $.45, Rev Est. $NA
Notable Earnings After Close
ATVI: Activision Blizzard – EPS Est. $.39, Rev Est. $1.57B
CLVS: Clovis – EPS Est. $(1.89), Rev Est. $NA
FEYE: Fireye – EPS Est. $(.31), Rev Est. $182.40M
FOSL: Fossil – EPS Est. $.30, Rev Est. $735.48M
GPRO: GoPro – EPS Est. $(.36), Rev Est. $303.33M
SWKS: Skyworks – EPS Est. $1.43, Rev Est. $830.79M
SBUX: Starbucks – EPS Est. $.55, Rev Est. $5.69B
TWLO: Twilio – EPS Est. $(.09), Rev Est. $66.49M
OLED: Universal Display – EPS Est. $.01, Rev Est. $36.8M
WTW: Weight Watchers – EPS Est. $.44, Rev Est. $285.5M
