Economic Calendar & Watch List 2/9/2017

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Thursday February 9, 2017


Economic Calendar & Watch List


Morning Notes

US Futures are tracking slightly higher this morning while European stocks are trading nearly +1% on strength in the banking sector. The price of crude is edging higher by just over +0.6% giving energy producing stocks a lift. Asian stocks closed predominantly higher.  



The SPY remained in the narrow range we have seen over the last several sessions resulting in limited action. Support will lie at the low of yesterday’s range at $228.31, followed by $228.10, $226.82, the former descending resistance at $226.50, then $226.32, and the 50 day moving average at $225.85.


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**




Economic Calendar

8:30 Weekly initial unemployment claims expected +3,000 to 249

8:30 USDA weekly Export Sales

9:10 St. Louis Fed President James Bullard

10:00 Revised Dec wholesale inventories expected unrevised

1:10 Chicago Fed President Charles Evans speaks


Notable Earnings Before Open
Array Biopharma (ARRY) – EPS Est. -$0.18
CVS Health (CVS) – EPS Est. $1.67
Central European Media Enterprises (CETV) – EPS Est. $0.06
Cliffs Natural Resources (CLF) – EPS Est. $0.23
Coca Cola (KO) – EPS Est. $0.37
Dunkin’ Brands (DNKN) – EPS Est. $0.61
First American Financial (FAF) – EPS Est. $0.82
Gannett (GCI) – EPS Est. $0.42
Kellogg (K) – EPS Est. $0.85
Regeneron (REGN) – EPS Est. $3.03
Reynolds American (RAI) – EPS Est. $0.60
Viacom (VIAB) – EPS Est. $0.84
Yum! Brands (YUM) – EPS Est. $0.74


Notable Earnings After Close
Activision Blizzard (ATVI) – EPS Est. $0.74
CyberArk Software (CYBR) – EPS Est. $0.33

Expedia (EXPE) – EPS Est. $1.37
Infinera (INFN) – EPS Est. -$0.13
Mohawk Industries (MHK) – EPS Est. $3.23
NVIDIA  (NVDA) – EPS Est. $0.83
Skechers USA (SKX) – EPS Est. $0.11
The Bancorp (TBBK) – EPS Est. $0.05
Twitter (TWTR) – EPS Est. $0.12
Verisign Inc. (VRSN) – EPS Est. $0.88
Western Union (WU) – EPS Est. $0.43
Yelp (YELP) – EPS Est. $0.03

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Mike Herman Mike graduated from the Florida State University with a Real Estate and Bachelor of Finance degree and focused particularly in the field of Behavioral Finance. During his time at the Florida State University, Mike began to trade equities and quickly realized the opportunities that existed in the markets. Through trading, Mike had facilitated relationships with a few very experienced individuals who had an expertise in the private equity field. More specifically, the private funding of small cap start-up companies. After several years of successful deals as a venture capitalist, Mike made the decision to return to work as an independent trader. Throughout the past 7 years of working as an independent trader, Mike has refined his strategy to focus on news driven momentum while factoring in market sentiment and psychology with an emphasis on proper risk management. Mike possesses a unique ability to rapidly decipher critical market moving news and take appropriate action. You can contact Mike at Legal Disclaimer – This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult with a qualified broker or other financial professional. The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author has no business relationship with any company whose stock is mentioned in this article nor is receiving compensation from any of the companies mentioned.