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Economic Calendar And Watch Lists: CAT, MCD, VRX

Published 04/24/2016, 04:07 AM
Updated 05/14/2017, 06:45 AM

Morning Notes

US futures are relatively flat this morning while European stocks trade slightly higher as gains were paired after Daimler AG (DE:DAIGn) was requested by the DOJ to probe emissions certifications. The price of crude edged higher overnight, lifting energy producers. Asian markets closed mixed.

Technicals

SPY Chart

The SPY (NYSE:SPY) tested, rejected and closed back below the macro descending resistance line in yesterday’s session. Support will lie at the low of yesterday’s range at $208.65, followed by $207 and $206.84. Resistance will lie at the descending resistance line at $210, followed by the high of yesterday’s range at $210.25 and then $210.92.

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**

Caterpillar Inc (NYSE:CAT)

McDonald’s Corporation (NYSE:MCD)

Valeant Pharmaceuticals International Inc (NYSE:VRX)

Economic Calendar

9:45 Preliminary-Apr Markit U.S. manufacturing PMI expected +0.5 to 52.0

3:00 USDA Mar Cold Storage

3:00 USDA Mar Cattle on Feed

Notable Earnings Before Open

AAL: American Airlines Group (NASDAQ:AAL) – EPS Est. $1.18, Rev Est. $9.44B

GE: General Electric (NYSE:GE) – EPS Est. $.21, Rev Est. $27.78B

KMB: Kimberly-Clark Corporation (NYSE:KMB) – EPS Est. $1.51, Rev Est. $4.54B

MCD: McDonald’s Corporation (NYSE:MCD) – EPS Est. $1.16, Rev Est. $5.79B

CAT: Caterpillar (NYSE:CAT) – EPS Est. $.67, Rev Est. $9.4B

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