Tuesday May 5, 2015
Economic Calendar 5/5/2015
Morning Notes
US Futures are pointing lower this morning as European stocks are down on renewed default concerns with Greece. Additionally, Asian Markets also closed lower as the Chinese regulators talked further on margin requirements.
Technicals
The $SPY tested support of $211 yesterday and closed above at $211.32. Mid range support remains at $211 and resistance is $212, then $212.25 in the form of descending resistance.
In Play
PTBI: PlasmaTech Biopharmaceuticals, Inc.- Activist Investor George Soros reports a 5% passive stake. Gapping up 55% with a 2.7 Million share float.
BLRX: BioLineRx – The company reported successful data in Phase II testing for Leukemia. Gapping up 7.5% with a 42.5 Million share float.
Economic Calendar
8:55 Redbook
8:55 Redbook
9:45 Services PMI – Consensus 57.80
9:45 Markit Composite PMI
10:00 ISM Non-mfg. PMI – Consensus 56.50
10:00 ISM Non-mfg. Prices
10:00 ISM Non-mfg. New Orders
10:00 ISM Non-mfg. Business Activity – Consensus 57.90
10:00 ISM Non-mfg. Employment
10:00 IBD/TIPP Economic Optimism – Consensus 51.80
16:30 API Weekly Gasoline Stock
16:30 API Weekly Crude Stock
16:30 API Weekly Distillates Stock
20:00 FED Kocherlakota Speaks
Earnings Before Open
K: Kellogg – EPS Est. $0.92. Rev Est. $3.55B
ZTS: Zoetis – EPS Est. $0.36. Rev Est. $1.11B
MYL: Mylan – EPS Est. $0.71. Rev Est. $2.03B
DIS: Disney – EPS Est. $1.10. Rev Est. $12.25B
DTV: DirecTV – EPS Est. $1.53. Rev Est. $8.47B
H: Hyatt Hotels – EPS Est. $0.19. Rev Est. $1.03B
ENR: Energizer – EPS Est. $1.73. Rev Est. $1.02B
ODP: Office Depot – EPS Est. $0.13. Rev Est. $4.11B
SABR: Sabre – EPS Est. $0.25. Rev Est. $695.63M
TRW: TRW Automotive – EPS Est. $1.87. Rev Est. $4.18B
WNR: Western Refining – EPS Est. $1.13. Rev Est. $2.48B
ICE: Intercontinental Exchange – EPS Est. $2.97. Rev Est. $840.27M
Earnings After Close
AIZ: Assurant – EPS Est. $0.93. Rev Est. $2.56B
HLF: Herbalife – EPS Est. $1.01. Rev Est. $1.09B
NWSA: News Corp – EPS Est. $0.07. Rev Est. $2.12B
ZU: Zulily – EPS Est. $(0.03). Rev Est. $313.13M
PBPB: Potbelly – EPS Est. $0.02. Rev Est. $85.13M
SCTY: Solarcity – EPS Est. $(1.58). Rev Est. $57.73M
GPOR: Gulfport – EPS Est. $(0.10). Rev Est. $142.84M
PZZA: Papa Johns – EPS Est. $0.53. Rev Est. $415.88M
WTW: Weight Watchers – EPS Est. $(0.19). Rev Est. $324.36M
Happy Trading!
