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Economic Calendar And Watch List 2/27/2017

Published 02/27/2017, 10:59 PM
Updated 05/14/2017, 06:45 AM
SPY
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CL
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BKNG
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BCRX
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HZNP
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BID_old
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WDAY
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PRGO
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Economic Calendar And Watch List

Morning Notes

US Futures are relatively flat this morning while European stocks are trading slightly higher. Markets await President Trump’s speech to Congress on Tuesday where he is expected to reveal his full tax and healthcare reform plans. The price of crude is trading higher this morning by +.075% giving energy producing stocks a bid. Asian stocks closed predominantly lower.

Technicals

SPY Daily Chart

The SPY (NYSE:SPY) finished higher on Friday, closing just below record highs. Near term support will lie at the low of Friday’s range at $235.41, followed by $235.09, $233.95, $233.85, $233.39, and $232.16. Resistance will lie at the high of Friday’s range at $236.79, followed by record highs at $236.90.

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 January durable goods orders expected +1.7% and +0.5% ex trans

10:00 January pending home sales expected +1.0%

10:30 Feb Dallas Fed manufacturing activity expected -2.7

11:00 Dallas Fed President Robert Kaplan speaks

Notable Earnings Before Open

Sotheby’s (NYSE:BID) – EPS Est. $1.17

BioCryst Pharmaceuticals Inc (NASDAQ:BCRX) – EPS Est. -$0.23

Horizon Pharma (NASDAQ:HZNP) – EPS Est. $0.51

Notable Earnings After Close

Perrigo (NYSE:PRGO) – EPS Est. $1.62

Priceline.com Incorporated (NASDAQ:PCLN) – EPS Est. $13.09

Workday (NYSE:WDAY) – EPS Est. -$0.01

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