Economic Calendar & Watch List 5/2/2017

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Tuesday May 2, 2017

 

Economic Calendar & Watch List

 

Morning Notes

US Futures are trading slightly lower this morning ahead of the FOMC beginning their 2 day policy meeting. European stocks are trading slightly higher ahead of Sunday’s French Presidential election. China’s Shanghai was under pressure after renewed fears of the government’s crackdown on leverage regulations. The remainder of Asian stocks closed mostly higher.

 

Technicals

The SPY traded predominantly sideways throughout yesterday’s session and closed flat on the day. Support will lie at low of yesterday’s range at $238.19, followed by $237.93, $237.81, $237.41, $236.61, and the recent pivot point at  $236.30 which also coincides with the 20EMA at $236.31. Further, the 50SMA lies at $236.19 followed by the former descending resistance at $236. Resistance will lie at the high of yesterday’s range at $239.17, followed by $239.53, $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**

$AAPL

Economic Calendar

NONE

 

Notable Earnings Before Open
Aetna (AET) – EPS Est. $2.37
Altria Group (MO) – EPS Est. $0.74
Archer Daniels Midland (ADM) – EPS Est. $0.62
BP plc (BP) – EPS Est. $0.39
CVS Health (CVS) – EPS Est. $1.10
Coach (COH) – EPS Est. $0.44
ConocoPhillips (COP) – EPS Est. $0.01
Hilton Worldwide (HLT) – EPS Est. $0.28
Lumber Liquidators (LL) – EPS Est. -$0.22
MasterCard (MA) – EPS Est. $0.95
Merck (MRK) – EPS Est. $0.83
Pfizer (PFE) – EPS Est. $0.67
The Mosaic Company (MOS) – EPS Est. N/A

 

Notable Earnings After Close
Akamai Technologies (AKAM) – EPS Est. $0.67
Anadarko Petroleum (APC) – EPS Est. -$0.22
Apple (AAPL) – EPS Est. $2.02
Devon Energy (DVN) – EPS Est. $0.41
First Solar (FSLR) – EPS Est. -$0.12
Gilead Sciences (GILD) – EPS Est. $2.27
GoDaddy (GDDY) – EPS Est. -$0.06
Weight Watchers (WTW) – EPS Est. -$0.04
Western Union (WU) – EPS Est. $0.40

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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 mike@warriortradingnews.com 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.

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