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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