Economic Calendar & Watch List
Morning Notes
US Futures are slightly higher this morning on carryover from yesterday’s sharp move higher. European stocks are also trading higher again as uncertainty has waned as Presidential candidate Macron maintains a substantial lead in the polls. Asian stocks closed mostly higher.
Technicals
The SPY (NYSE:SPY) held the sharp gap higher throughout yesterday’s session and closed out just off the intraday highs. Support will lie at low of yesterday’s range which also correlates with the former recent descending resistance at $236.60, followed by the recent pivot point at $236.30, then the 50SMA at $235.70, the high of Friday’s range at $235.31 and finally the 20EMA at $235. Resistance will lie at the high of yestederday’s range at $237.41, followed by $237.61, $237.97, $238.10, $239.20, $239.44, $239.57, and record highs at $240.32.
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**
CAT (NYSE:CAT)
BIIB (NASDAQ:BIIB)
Economic Calendar
9:00 February FHFA house price index expected +0.4%
9:00 February S&P CoreLogic composite-20 home price index expected +0.6%
10:00 March new home sales expected -1.4% to 584K
10:00 April Conference Board U.S. consumer confidence index expected -2.6
10:00 April Richmond Fed manufacturing index expected -6
Notable Earnings Before Open
3M Company (NYSE:MMM) – EPS Est. $2.06
AK Steel (NYSE:AKS) – EPS Est. $0.15
Baker Hughes (NYSE:BHI) – EPS Est. -$0.21
Biogen (NASDAQ:BIIB) – EPS Est. $5.00
Caterpillar – EPS Est. $0.62
Coca-Cola (NYSE:KO) – EPS Est. $0.44
Corning (NYSE:GLW) – EPS Est. $0.35
DuPont (NYSE:DD) – EPS Est. $1.39
Eli Lilly and Company (NYSE:LLY) – EPS Est. $0.96
Freeport-McMoran (NYSE:FCX) – EPS Est. $0.18
JetBlue Airways (NASDAQ:JBLU) – EPS Est. $0.24
Lockheed Martin (NYSE:LMT) – EPS Est. $2.79
McDonald’s (NYSE:MCD) – EPS Est. $1.33
Valero Energy (NYSE:VLO) – EPS Est. $0.63
Xerox Corp. (NYSE:XRX) – EPS Est. $0.16
Notable Earnings After Close
AT&T (T) – EPS Est. $0.75
Chipotle Mexican Grill (NYSE:CMG) – EPS Est. $1.26
JBT (NYSE:JBT) – EPS Est. $0.51
Juniper Networks (NYSE:JNPR) – EPS Est. $0.42
Texas Instruments (NASDAQ:TXN) – EPS Est. $0.83
Wynn Resorts Limited (NASDAQ:WYNN) – EPS Est. $0.96