Economic Calendar And Watch Lists: CAT, MCD, VRX
Warrior Trading | Apr 24, 2016 04:07AM ET
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
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
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.