Friday, July 31, 2015

Break Down The Walls

Good morning folks, 
The bulk of earnings season are behind us now the markets are flashing a red open after a mixed day yesterday. We still have a lot of choppy action out there as the month comes to an end. We are going to get earnings from three biggies today Exxon, Chevron and Berkshire Hathaway.

We have had a nice little bounce in the markets over the last few days, lets see if we can close out the week on a positive note. China, Greece and the strong dollar are still creating some headwinds. 
Don't feel like you have to trade if you can't find the right setup. 

Stocks on my radar premarket

Bullish and may have lottos in play

Cautiously optimistic

Very cautious possibly go short


04:41:51pm
07/30/15
Maxwell Technologies Reports Q2 EPS $(0.11) vs. Est. (0.18), Rev. $37.8M vs. Est. $37.41M
Better than expected earnings gapping premarket could set up intraday for a day trade possible 5 roll Company is still losing money and in a clear downtrend on the daily Do not chase this
04:50:10pm
07/30/15
A10 Networks Reports Q2 EPS $(0.09) vs. Est. $(0.15), Rev. $47.5M vs. Est. $45.95M
Better than expected earnings gapping premarket could set up intraday for a day trade MMay try to take out the 6 dolla holla Company is still losing money and in a clear downtrend on the daily Do not chase this
 
04:45:19pm
07/30/15
SkyWest Reports Q2 ESP $0.61 vs. Est. $0.26 May Not Compare, Rev. $788.417M vs. Est. $765.35M
Nice earnings Beat Could be in play all day gapping up quite a bit look for an intraday setup 17 has been a big resistance area for years
04:27:23pm
07/30/15
Immersion Corp Reports Q2 Adj EPS $0.10 Vs Est $0.03, Sales $16.2M vs Est $13.58M
Earnings winner top and bottom line Gapping premarket 13 likely to be resistance fairly small float Wait for a a setup could be a decent swing as well
07:58:07pm
07/29/15
Cara Therapeutics Prices ~3.763M Share Offering @$18.60/Share
Has been flagging nicely after pricing their offering watch for a 20 roll 
07:55:59am
07/31/15
Eisai, Halozyme Agree To Collaboration On Eribulin & PEGPH20 Metastic Breast Cancer Investigation
Looks a bit tired on the daily worth keeping an eye on for a bounce 
07:16:13am
07/31/15
Raymond James Upgrades RingCentral to Strong Buy
04:38:59pm
07/30/15
RingCenter Reports Q2 Adj Loss $0.05 vs Est Loss $0.08, Sales $70.7M Vs Est $68.74M
Look for a 20 test gapping wait for a setup 

06:57:57pm
07/30/15
Civeo Reports Q2 Loss/Share $(0.13) vs $(0.09) Est; Revenue $143.15M vs 137.10M Est
Better than expected could get a 2 roll 
Seeking Alpha
Today's Markets:
In Asia, Japan +0.3% to 20585. Hong Kong +0.6% to 24636. China -1.1% to 3664. India +1.5% to 28115.
In Europe, at midday, London -0.2%. Paris +0.3%. Frankfurt +0.1%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -2% to $47.57. Gold -0.7% to $1080.70.
Ten-year Treasury Yield flat at 2.27%
Today's economic calendar:
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Reuters/UofM Consumer Sentiment
Notable earnings before today's open: AEEAONAXLBERYBPL,CBOECVXDSXENBGILHMCHPYIMGNIMSITTKCGLMLPNT,MGIMODMOG.AMTNJRNWLPEGPNMPSXPSXPRCLRLGY,RUTHSTXSWCTDSTNPTRPTYCUSMVRTSWETFWMCWY,XOM

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