Monday May 11, 2015

Economic Calendar 5/11/2015

Morning Notes

US Futures are lower this morning after Friday’s surge higher.European Markets are trading lower ahead of a meeting with Greek and Eurozone officials attempt to work out details for a debt deal. Asian Markets closed higher and China announced they were increasing stimulus and slashing interest rates.

Technicals

The $SPY broke through descending resistance and closed higher on Friday at $211.62. New upper support will be $211 and resistance at $212.25

In Play

ICLD: InterCloud Systems – The Company announced it will release Q1 earnings results early and scheduled a conference call for Wednesday May 13. Gapping up 7% with a 14.4M share float.

ZU: Zulily – The Company announced that Alibaba (BABA) has boosted their stake in the company to 9.3%. Gapping up 20% with a 56M share float.

CANF: Can-Fite Biopharma – The Company announced that its Liver Cancer Trial drug has been approved for use in Europe. Gapping up 15% with a 9.3M share float.

CDTI: Clean Diesel Technology – The Company announced that it will be supplying its proprietary diesel filters to the New York Department of Sanitation Fleet. Gapping up 25% with a 13M share float.

Economic Calendar

NONE

Earnings Before Open

ACT: Actavis – EPS Est. $3.94. Rev Est. $4.04B

DF: Dean Foods – EPS Est. $0.17. Rev Est. $2.11B

DISH: Dish Network – EPS Est. $0.40. Rev Est. $3.47B

SSYS: Stratasys – EPS Est. $0.03. Rev Est. $172.57M

PLUG: Plug Power – EPS Est. $(0.06). Rev Est. $17.20M

Earnings After Close

JOBS: 51job – EPS Est. $0.37. Rev Est. $76.62M

RAX: Rackspace – EPS Est. $0.20. Rev Est. $481.71M

SF: Stifel Financial – EPS Est. $0.73. Rev Est. $590.73M

ORIG: Ocean Rig UDW – EPS Est. $0.08. Rev Est. $369.44M

MDR: McDermott Int’l – EPS Est. $(0.08). Rev Est. $750.43M

Happy Trading!