Sunday, September 26, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Japan Import / Export data for August forecasted to show increase from 15.7 to 17.5 and drop from 23.5 to 19.0 respectively. China Industrial Profits August (Prior 81.6%).

Earnings:  Cal-Maine (CALM), Zale (ZLC). After The Close: Jabil (JBL), Paychex (PAYX).
 
Other Notables:  Ultra-light earnings front and most companies entering "quiet period" in front of the Q3 season means economic data from overseas and a full stateside calendar beginning with housing and sentiment data on Tuesday, will take on likely added importance. With expectations reduced on growing recovery fears and possibly a double dip scenario unfolding; positive data and even "better-than-feared" results could prove to be stronger-than-otherwise catalysts / supports to drive the market higher.   

Tuesday:
Economic: Case-Shiller 20 (3.4% vs. prior 4.23%), Consumer Confidence Sept (52.9 vs. 53.5).

Earnings:  Walgreens (WAG). After the Close: Sealy (ZZ), SMSC (SMSC).

Wednesday:
Economic: Weekly Crude data.

Earnings: Actuant (
ATU), Family Dollar (FDO). After the Close: Synnex (SNX), Xyratex (XRTX).

Thursday:
Economic: Weekly Claims expected to pull in slightly at still-elevated 457,000 following unexpected spike to 465,000. "Three times the charm" reading of Q2 GDP is forecast to show flat 1.6% reading and flat deflator indicator of 1.9%. Chicago PMI (56.0 vs. prior 56.7).

Earnings: McCormick (MKC). After The Close: Accenture (ACN), Christopher & Banks (CBK),

Friday:
Economic:  Income & Spending August (0.3% vs. 0.2% & 0.3% vs. prior 0.4%), PCE Prices Core (0.1% vs. 0.1%), Final Sept Michigan Sentiment (67.1 vs. 66.6) and Construction (-0.5% vs. -1.0%).

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