Sunday, August 29, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Inc & Spend (0.2% vs. 0.0% and 0.3% vs. 0.1%), PCE Prices Core (0.1% vs. 0.0%).

Earnings:
Ultra quiet Monday with pollution management outfit Donaldson (DCI), bio-aggie Origin Agritech (SEED) and grocer Winn-Dixie (WINN) looking to bag some investment dollars.    

Other Notables:  Another strong week for M&A activity sets up token and supportive "Merger Monday." Bulls will be looking for follow-through in price and sentiment from Friday on further easing of anxiety-riddled economic recovery / double dip pains with associated tickers of interest (
FXE, UUP, TLT, USO, GDX, XLB and GLD) in the spotlight. Flood of economic data running the gamut on housing, sentiment and manufacturing hits the tape this week finishing off with Friday's monthly jobs data.

Tuesday:
Economic: Case Shiller 20 City Index (57.5 vs. 62.3), Chicago PMI (57.5 vs. 62.3), August Consumer Confidence (50.0 vs. 50.4), FOMC Minutes.

Earnings:  Discount retailer Dollar General (DG) and footwear specialty shop DSW (DSW) gain a bit of potential spotlight traction in otherwise light third-tier reporting (ENER, ABM and APSG) Tuesday.

Wednesday:
Economic: Weekly Crude data, ADP (13K vs. 42K), Construction (-0.7% vs. 0.1%), ISM (53.0 vs. 55.5), Auto / Truck (3.9M vs. 3.8M and 5.1M vs. 5.14M).

Earnings: Spotlight report of the week from NASDAQ 100 component and heavy machinery giant Joy Global (
JOYG). Company is expected to show 16% year-over-year decline in profits on earnings of $1.02 per share. Technically, shares have managed to hold relative strength positioning with loose five-week long flat base structure within weekly uptrend.

After Hours schedule features recent growth upstart China Green Agriculture (CGA) and still nicely packaged" but somewhat thinly-traded container outfit Greif (GEF). Other tickers: (SAI, OXM, HOV and MATK) of interest.

Thursday:
Economic: Weekly Claims (475K vs. 473K), Q2 Productivity Rev. (-1.6% vs. -0.9%), Unit Labor (1.1% vs. 0.2%), Factory Orders (0.0% vs. -2.6%), Pending Homes (0.0%, -2.6%).

Earnings: Del Monte (
DLM), Layne Christensen (LAYN), Movado (MOV), UTI Worldwide (UTIW).

After Hours: (COO, ARST, HRB, FNSR, ULTA, TTWO).

Friday:
Economic:  August Nonfarm Payrolls (-118K vs. -131K, Private: 42K vs. 71K), Unemployment (9.6% vs. 9.5%), ISM Services (53.2 vs. 54.3).

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Sunday, August 22, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:
Light Monday morning kick-off (SAFM, KNSY) with Tuesday Morning (TUES), ironically enough, a wake-up call for a few involved investors. China-based media / ad concern Focus Media (FMCN) reports after the closing bell.   

Other Notables:  Following strongest weekly M&A action for August since 2006, "Merger Monday" possibly in-play. Last week's second half theme of concern for strength of economic recovery or double dip will be on the radar (FXE, UUP, TLT and GLD) as a market mover. 

Tuesday:
Economic: Existing Home Sales expected to produce reading of 4.75M units for July compared to prior 5.37M

Earnings:
Light schedule of familiar but second-tier reports (BKC, DAKT, MDT and TSL) with retailers Barnes & Noble (BKS) and discount outlet Big Lots (BIG) in the spotlight. 

Wednesday:
Economic: Weekly Crude data, Durable Orders & ex-Trans (3.1% vs. -1.2% and 0.5% vs. -0.9% prior) and flat New Home Sales of 330K.

Earnings: Third-tier retail (
BWS, CWTR, PERY) led by second-tier American Eagle (AEO). Homebuilder Toll Bros (TOL) in expected to show loss of -$0.14 compared to year ago's -$2.93 per share. Technically, shares have been busy building a low level, flat base foundation for the past two months. 

After Hours schedule features retailer Guess? (GES), communication equipment outfit JDS Uniphase (JDSU), TiVo (TIVO) (need we say more?) and recent IPO rue21 (RUE).

Thursday:
Economic: Weekly Claims expected to improve with -15,000 drop to 485,000 after striking multi-month high. Continuing Claims (4.51M vs. 4.47M).

Earnings: NASDAQ 100 component Patterson (
PDCO) leads for mostly third tier sub $15 crop (APWR, DHT, CONN, GRB and FRED).  

After Hours has retailer J. Crew (JCG) on display with analysts expecting profits of $0.46 per share compared to last year's $0.29. Solid mix of small to midcap tech outfits (ARUN, IRF, MCRS, NZ, NOVL, OVTI and SLH) releasing.  

Friday:
Economic:  Q2 GDP Second Est. & Deflator (1.4% vs. 2.4% and flat 1.8%), Michigan Final August (69.4 vs. 69.6).

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Sunday, August 15, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NY Empire (7.5), NLT TIC Flows, NAHB Housing Index (14).

Earnings:
Light Monday morning kick-off (JKS, SYY, VAL) but home improvement retailer Lowe's (LOW) kicks off busy week of diverse retail confessionals.

Quiet after hours (IOC, RINO and PWRD) with tech outfit Agilent (A) and Urban Outfitters (URBN) headlining within second tier reports.

Other Notables:  Usual suspects of potential "Merger Monday" (GENZ) headlines and European-based economic chills or thrills (FXE, UUP, TLT and GLD). The Dream Police are out Monday and Tuesday with triple play of housing data.

Tuesday:
Economic: Housing Starts & Bldg P's (555K, 573K), PPI & Core (0.2%, 0.1%), IP & CU (0.6%, 74.5%).

Earnings:
"Retail, Retail, Retail!" as sector and index muscle (ANF, HD, SKS and TJX) make for an important tone-setting session Tuesday. In the spotlight, Dow component and world's largest discount retailer Wal-Mart (WMT) is expected to grow profits by 10% to $0.97 per share.

Technically, WMT has mimicked SP-500's own performance of last couple sessions in giving up its 50-SMA on a bearish price gap while remaining in a position of overall weakness in recent weeks by failing to clear overhead 200SMA resistance.

After Hours tape includes: (
ADI, BOBE, LZB and LFT). 

Wednesday:
Economic: Weekly Crude data.

Earnings: More retail (
BJ, CHS, CTRN) with department store operator Target (TGT) in investors sights, while Dow component and heavy machinery giant Deere (DE) will be in investors headlights.

Analysts expect profit growth of 23% for Deere on earnings of $1.22 per share, outlook for "green shoots" economic story should be key focus. Traders look to expect good deal more as shares remain strong technical outperformer with current four day pullback into weekly support off YTD highs. Others: (
STP and DGW).
 
Busy after hours with NASDAQ tech components (
AMAT, BRCD, NTAP, NTES, OTEX and SNPS) and continued releases out of retail names (GYMB, HOTT, LTD and PETM) in the mix.

Thursday:
Economic: Weekly Claims (475K, 4.50M), Leading Indicators (0.2%), Philly Fed (7.5).

Earnings: Heavy retail (PLCE, DKS, DLTR, GME, ROST, SHLD, SPLS) premarket radar. Others: (YGE, TTC, TECD, NM). Second straight after hours of tech / retail partnership: Dell (DELL), Hewlett (HPQ), Salesforce (CRM), Gap (GPS), Aeropostale (ARO) and Zumiez (ZUMZ). Others: (BCSI, INTU, MRVL, VRGY and FL)

Friday:
Economic:  NA
Earnings: AnnTaylor (
ANN), Corinthian (COCO), Hibbett (HIBB), Hormel (HRL), Kirklands (KIRK).

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Sunday, August 8, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:
Mostly second-tier announcements (AMED, CAAS, DISH, HRBN, SOL, KWK, TSN and WATG) with emphasis on a handful of current and former China-based growth companies.

After Hours reflects similar storyline (
CLNE, GNK, GA, MDR, MR, NUAN, RAX and VSAT). Headlining, messy "V'ish" shape "first" corrective base in current growth high flier Ctrip.com (CTRP), a China-based online travel provider. Following Priceline's (PCLN) upside surprise, the name is likely on momentum traders' radars for upside consideration.

Other Notables:  Usual suspects of potential "Merger Monday" headlines and European-based chills or thrills (
FXE, UUP, TLT and GLD). Rumor headliner Genzyme (GENZ) still in-play while flashing several days of tight consolidation several percent below estimated $75 chatter target. Hewlett Packard's (HPQ) CEO resignation regarding improprieties could impact DJ-30 and more definitively, certain headline fodder.

Friday will hold a grand slam of key economic data. Closer in though, following Friday's worse-than-expected July and June job losses and "Bear-nanke's" recent "unusually uncertain" economic environment testimony, the Fed's one-day Tuesday meeting takes on extra importance with traders. Wall Street will be watching for any clues of policymakers reconsidering their stance on quantitative easing.

Tuesday:
Economic: Productivity Q2 Prelim (0.1%), Unit Labor (1.4%), Wholesale Inv (0.4%) and FOMC Decision of Interest Rates (unchanged at 0.25%).

Earnings:
Another session of premarket second tier reports (AIT, AYR, SMG, TECH, JASO and HOGS) with accessory retailer and highly-ranked growth outfit Fossil (FOSL) in play.

Technically shares of FOSL remain in bullish "sloppy "VW" shaped base" after clearing handle on relatively decent but unspectacular volume last week. Thomson First Call expects profits of $0.34 compared to last year's $0.25 per share.

After Hours will be dominated by Dow component and entertainment giant Disney's (
DIS) earnings show as traders gain clarity on discretionary consumer spending. Analysts expect $0.58 versus last year's $0.52 per share.

On the growth radar, specialized semi and NASDAQ component Cree (
CREE), China-based hotelier Homes Inn (HMIN) and up and comer solar play and recent IPO STR Hldgs (STRI) will hold bulls collective attention.

Other tickers of notice: (
AONE, LDK, MYGN, SPWRA and URS).

Wednesday:
Economic: Weekly Crude data, Trade Balance (-$42.5B), Treasury Bud (-$169.0B).

Earnings: Lighter flow of more mostly secondary reports (
CSC, EJ, IAG, MFB) with exception of department store goliath Macy's (M). Analysts expect fashionable 40% profit increase to $0.28 per share. Technically, shares remain positioned in consolidation near supports of weekly uptrend.

After Hours showcases computer network giant and NASDAQ 100 component Cisco (
CSCO). Margins, capital spending, outlook and / or securing or bettering analyst views of $0.42 per share for 35% profit growth will hold traders interest as bulls look to reclaim 200SMA.

Thursday:
Economic: Weekly Claims (465K, 4.55M), Import / Export prices.

Earnings: Still light crop of reports but a handful of slightly more interesting tickers (
EAT, CAGC, EL, KSS, RGLD, SLE, WEN) for the premarket radar.

After Hours features NASDAQ components Autodesk (
ADSK), NVIDIA (NVDA) and high-end retailer Nordstrom (JWN). Other tickers: (ADY, BYI, DV and RRGB).

Friday:
Economic:  CPI & Core (0.2%, 0.1%), Retail Sales (0.5% vs. -0.5% prior and ex-auto 0.2% vs. -0.1%), Michigan (70.0) and Business Inventories (0.2%).

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Sunday, August 1, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: ISM Index for July expected to drop slightly from 56.2 to 54.2 within expansion territory. Construction spending (-0.8% vs. prior -0.2%).

Earnings:
Mostly second-tier announcements (AGN, CNA, HUM, NRG, B, OSK and VRX) premarket. After Hours action finds similar pattern (CRL, DVA, BGC, POWI, SNCR and VMC) with software and NASDAQ 100 component VeriSign (VRSN) in a mostly dimmed spotlight.  

Other Notables:  Earnings in full swing this week but losing market muscle with investors. Always possible "Merger Monday" headlines with Genzyme (GENZ) chatter of late and European-based chills or thrills (FXE, UUP, TLT and GLD).

A heavy calendar of economic data will gain increased focus this week versus earnings as a potential market mover. Friday's nonfarm payrolls, as always, will be the most closely-watched report and gaining a bit of increased importance amongst investors following "Bear-nanke's" recent "unusually uncertain" economic environment. 

Tuesday:
Economic: Income / Spending data (0.1% vs. 0.4% and 0.0% vs. 0.2%), PCE Prices Core (0.1% vs. 0.2%), June Factory Orders (-0.5% vs. -1.4%), Pending Home Sales (-5.0% vs. -30.0%) and July Auto / Truck sales.

Earnings:
Flurry of market-sensitive releases (ADM, BHI, CLX, DTG, DHI, EMR, MRO, MMC, NYX, OZM, OMX, OSG, RDC, SII, SMG) with Procter & Gamble (PG), Coach (COH), Cognizant (CTSH), Dow Chemical (DOW) and MasterCard (MA) in focus premarket. 

Waning corporate muscle (APC, SAM, CHK, ERTS, PEET, STEC, TRLG, INT, WMS) in After Hours with Priceline (PCLN) and Whole Foods (WFMI) two of the more liquid and volatile NASDAQ 100 components reporting. 

Wednesday:
Economic: Private employment for July from ADP expected to show slight improvement from 13,000 to 25,000 hired. ISM Services (53.0 vs. 53.8) and Weekly Crude data.

Earnings: Secondary reports (
AGU, AFAM, CAM, DVN, GRMN, ICE, OC, RL, PWR, PHM and Q) in premarket. Similar tale of likely indifference for broader market in After Hours (ALL, ATW, CLR, CXW, EGLE, SOLR, EXM, HIG, IPI, JACK, MELI, MUR, ONNN, PRU, SINA, SD, TS, AUY). Potentially volatile, once-tarnished insurer Hartford (HIG) and current growth standout MercadoLibre (MELI) report.

Thursday:
Economic: Weekly Claims (455K, 4.53M).

Earnings: Continued flurry of reports (ACM, ATK, BZH, BVF, CVC, DTV, CI, FWLT, FTO, FSYS, HEW, HOC, LAMR, KLIC, LIZ, MED, OMG, TWC, TDW). Recent IPO, derivatives exchange CBOE (CBOE) and "now open for business" to option traders reports its results.  

After Hours tickers: (CF, ATVI, NILE, CROX, DIOD, ELX, HANS, HAR, KFT, MCHP, PSA, SAPE, SGMS, SWN, TBSI, WTW and VCLK).

Friday:
Economic:  July Nonfarm Payrolls expected to drop -87,000 on top of June's -125,000, while private jobs are forecast to increase 82,500 versus prior gain of 83,000. Unemployment anticipated to show an uptick from 9.5% to 9.6%.

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