Wednesday February 15, 2017
Economic Calendar and Watch List
Morning Notes
US Futures are sitting relatively flat to slightly lower after the sharp rally over the last several days. European stocks are trading higher led by a strong move in the banking sector. Asian stocks closed predominantly higher.
Technicals
The SPY (NYSE:SPY) extended its rally yet again throughout yesterday’s session posting more record highs. Support will lie at the low of yesterday’s range at $232.16, followed by $232.05, $231.77, $230.62, $229.56, and $229.39. Resistance will lie only at the high of yesterday’s range at $233.70.
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**
AIG (NYSE:AIG)
SODA (NASDAQ:SODA)
FOSL (NASDAQ:FOSL)
Economic Calendar
8:30 February Empire manufacturing survey general business conditions expected +0.3
8:30 January CPI expected +0.3% m/m
8:30 January retail sales expected +0.1%
9:15 January industrial production expected unch
10:00 Fed Chair Yellen delivers semiannual monetary policy report
10:00 February NAHB housing market index expected unch
10:00 December business inventories expected +0.4%
10:30 EIA Weekly Petroleum Status Report
12:00 Boston Fed President Eric Rosengren speaks
12:45 Philadelphia Fed President Patrick Harker speaks
Notable Earnings Before Open
SodaStream – EPS Est. $0.30
Pepsi (NYSE:PEP) – EPS Est. $1.16
Hilton Worldwide Holdings (NYSE:HLT) – EPS Est. $0.65
Angie's List Inc (NASDAQ:ANGI) – EPS Est. $0.08
Notable Earnings After Close
Applied Materials (NASDAQ:AMAT) – EPS Est. $0.66
Avis Budget Group (NASDAQ:CAR) – EPS Est. $0.17
Cisco Systems (NASDAQ:CSCO) – EPS Est. $0.56
Godaddy (NYSE:GDDY) – EPS Est. $0.09
Marriott (NASDAQ:MAR) – EPS Est. $0.83