Sunday, October 31, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Inc & Spend (0.2%, 0.4%), PCE Core (0.0%), ISM (54), Construction (-0.7%).

Earnings:
 Cognizant (CTSH), Humana (HUM), ICE (ICE), Jinko Solar (JKS).  After Hours: Anadarko (APC), Herbalife (HLF), MEMC (WFR), Nutrisystem (NTRI), Vulcan (VMC), WMS (WMS).

Tuesday:
Economic: Midterm Elections and day one of two day FOMC "quantitative easing" meeting are center stage.

Earnings:  AM Superconductor (
AMSC), Archer D (ADM), BP (BP), Corinthian (COCO), Emerson (EMR), Expeditors (EXPD), Kellogg (K), Marathon (MRO), MasterCard (MA), Newmont (NEM), NYSE (NYX), Steve Madden (SHOO).

After Hours: Career Ed (
CECO), Ctrip (CTRP), Excel Maritime (EXM), Hartford (HIG), Leap (LEAP), Trimble (TRMB), Watts (WTS), XL Cap (XL).

Wednesday:
Economic: Weekly Crude data, Challenger & ADP (NA, 23K), ISM Services (53.4), Factory Orders (1.7%), Truck & Auto and FOMC decision on QE (fed funds 0.25%).

Earnings: Aetna (
AET), Agrium (AGU), AOL (AOL), CVS (CVS), Garmin (GRMN), James River (JRCC), MGM (MGM), Pulte (PHM), SPX (SPW), Qwest (Q).

After the Close: Amdocs (DOX), Chesapeake (CHK), Intrepid (IPI), MercadoLibre (MELI), Murphy (MUR), Prudential (PRU), Qualcomm (QCOM), Transocean (RIG), Whole Foods (WFMI).

Thursday:
Economic: Weekly Claims (445K, 4.38M), Productivity (1.0%).

Earnings: Apache (
APA), CBOE (CBOE), Cablevision (CVC), DIRECTV (DTV), Holly (HOC), Lamar (LAMR), PG&E (PCG), Suncor (SU), Time Warner (TWC), WellCare (WCG).

After Hours: Boston Beer (SAM), CBS (CBS), CF Ind (CF), Crocs (CROX), Dolby (DLB), First Marblehead (FMD), Fluor (FLR), Hansen (HANS), JDS-U (JDSU), Medifast (MED), Kraft (KFT), Microchip (MCHP), Red Robin (RRGB), Starbucks (SBUX), Tenaris (TS), Tesoro (TSO).

Friday:
Economic:  October Nonfarm Payrolls (55K, private 60K), Unemployment (9.6%), Pending Home Sales (2.5%), Consumer Credit (-$4.0B).

Earnings: Beazer (
BZH), Brookfield (BAM), Constellation (CEP), Coventry (CVH), DISH (DISH), Foster Wheeler (FWLT), FTI (FCN), ReneSola (SOL), Rofin Sinar (RSTI), TreeHouse (THS).

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Sunday, October 24, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Existing Homes (4.25M).

Earnings:
 Boyd (BYD), Changyou.com (CYOU), NuStar (NS), RadioShack (RSH), Sohu (SOHU).  

After Hours: Semiconductor / computing hardware giant Texas Instruments (
TXN) in the spotlight. Analysts expect profits of $0.69 per share compared to year ago figure of $0.42.

Technically, shares of TXN have quickly demonstrated relative strength / leadership for group since August lows. After strong four week price run shares have shaped two-plus week long flat base on top of prior year-long loose lateral consolidation pattern.

Others: Amgen (
AMGN), Atheros (ATHR), Digital River (DRIV), Hexcel (HXL), Veeco (VECO), Vertex (VRTX), Volterra (VLTR).

Tuesday:
Economic: CS 20-City Index (2.0%), Consumer Confidence (49.0), FHFA Index (prior -0.5%).

Earnings:  Alleghany Tech (ATI), Air gas (ARG), AK Steel (AKS), Arcelor (MT), Biogen (BIIB), Coach (COH), Cummins (CUM), Johnson Controls (JCI), Lexmark (LXK), Royal C (RCL), Sherwin W (SHW), US Steel (X), Under Armour (UA), Valero (VLO).

After Hours: AFLAC (
AFL), Broadcom (BRCM), CBRE (CBG), F5 (FFIV), Illumina (ILMN), Massey (MEE), Novellus (NVLS), Oceaneering (OII), Panera (PNRA), Supertex (SUPX), Walter (WLT)

Wednesday:
Economic: Weekly Crude data, Durable Orders (1.7%, ex-trans 0.1%), New Homes (295K).

Earnings: Borg W (
BWA), Brinker (EAT), Comcast (CMCSA), Conoco-P (COP), Leg Mason (LM), Owens C (OC), P & G (PG), SAP (SAP), Sealed Air (SEE), Southern (SO), Whirlpool (WHR).


After the Close: Agnico (AEM), Allstate (ALL), Goldcorp (GG), Express Scripts (ESRX), Flextronics (FLEX), Open Text (OTEX), O'Reilly (ORLY), Ryland (RYL), Symantec (SYMC), Visa (V).

Thursday:
Economic: Weekly Claims (455K, 4.41M).

Earnings: 3M (
MMM),  Brinks (BCO), Barrick (ABX), Bunge (BG), Celgene (CELG), CME (CME), Exxon (XOM), Fortune Brands (FO), Motorola (MOT), KBR (KBR), OfficeMax (OMX), Potash (POT), Shaw (SHAW), Starwood (HOT), Strayer (STRA), Williams (WMB) and Zimmer (ZMH).

After Hours: Tech heavyweight and under-pressure of late Microsoft (MSFT) is expected to see profits of $0.55 compared to last year's $0.40 per share. Technically, beleaguered shares are showing strong signs of moving higher after breaking out of four-month long symmetrical triangle and consolidating above / using prior pattern resistance as support.

Acme Packet (APKT), BMC (BMC), Cerner (CERN), Cephalon (CEPH), Deckers (DECK), Expedia (EXPE), First Solar (FSLR), KLA-Tencor (KLAC), Manitowoc (MTW), Net Logic (NETL), Monster (MWW), Rovi (ROVI), Varian Semi (VSEA), Vistaprint (VPRT) and Wilson G'batch (GB).

Friday:
Economic:  Q3 GDP Advance (2.0%), Deflator (2.0%), Employment Cost (0.5%), Chicago PMI (57.5) and Michigan October Final (68.0).

Earnings: Posing for Friday's cameras, cosmetics giant Estee Lauder (
EL) is expected to show reduced profits of $0.77 per share versus prior year's $0.85. Technically, shares are displaying glamorous-looking six-month long bullish "W" with handle on weekly time frame, with corrective base finding support above prior all-time-highs set back in 2000.

Others: Amerigroup (
AGP), American Axle (AXL), Arch Coal (ACI), Chevron (CVX), CONSOL (CNX), Merck (MRK), NASDAQ (NDAQ), Henry Schein (HSIC).

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Monday, October 18, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Net TIC Flows (prior $61.2B), IP & CU (0.2%, 74.8%), NAHB Index (13.0 vs. 13.0 prior).

Earnings:  Embattled / government indentured Citigroup (C) is in the spotlight. Analysts expect the financial giant to turn a profit of $0.06 per share versus the year ago's loss of -$0.27. Technically, shares have been pressured along with other big banks past week with the stock now hitting "flat" 50 and 200SMA support and midpoint within 5-month long 20% wide lateral consolidation.

Others: Halliburton (
HAL) and Hasbro (HAS).

After Hours: Large cap tech dominates the scene with Apple (
AAPL), the market's No.2 most heavily weighted, Dow component IBM (IBM) and cloud computing play VMware (VMW), all in play.

Apple is expected to produce profits of $4.08 compared to prior year's $1.82. Technically, expectations are prone to profit-taking entering report with shares of AAPL gaining about 30% since September to all-time-highs.

Others: Crown (CCK), Steel Dynamics (STLD) and Zions Bancorp (ZION).

Notable:  Q3 earnings season will see its first week of heavy and influential reporting beginning with Monday's marquee and muscle-worthy enlistees discussed above.  On the economic side, bulls and bears will see a lighter schedule. Fed's Beige Book on Wednesday is one likely market mover as investors look to further clues on quant easing "QE" by Fed at its early November meeting.

Tuesday:
Economic: Housing Starts & Permits (575K, 565K).

Earnings:  Financials in the spotlight with BofA, Goldman (GS) and State Street (STT) setting the tone. Others: Coca Cola (KO), EMC (EMC), Harley (HOG), Illinois Tool (ITW), J&J (JNJ), MGIC (MTG), NY Times (NYT), Peabody (BTU), UnitedHealth (UNH), Weatherford (WFT).

Featured, Dow component BofA (
BAC) expected to post a profit of $0.16 vs. last year's loss of -$0.26. Under increased investor strain related to political foreclosure wrangling last week, shares of BAC hit 52-week lows on massive two day sell-off.

After Hours: Altera (ALTR), Cree (CREE), Gilead (GILD), Intuitive Surgical (ISRG), Stryker (SYK), Tupperware (TUP), Western Digital (WDC) and Yahoo! (YHOO).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps and Fed's Beige Book. The anecdotal report on economic conditions throughout various US regions will be latest report for bulls to confirm QE announcement from Fed.

Earnings: Altria (MO), AMB (AMB), AMR (AMR), Blackrock (BLK), Boeing (BA), Delta (DAL), Eaton (ETN), Genzyme (GENZ), M&T (MTB), Morgan Stanley (MS), Stanly B&D (SWK), US Air (LCC) and Wells Fargo (WFC).

After the Close: Amylin (AMLN), Core Labs (CLB), eBay (EBAY), Netflix (NFLX), Noble (NE), Schnitzer (SCHN), Seagate (STX), and Xilinx (XLNX).

Thursday:
Economic: Weekly Claims (455K vs. 462K prior), Continuing Claims (4.40M vs. 4.39M), Leading Indicators (0.3% vs. prior 0.3%) and Philly Fed (1.4 vs. prior -0.7).

Earnings: Dow components AT&T (
T), Caterpillar (CAT), McDonalds (MCD) and Travelers (TRV) lead another heavy a.m. session (BBT, CAL, CY, DHR, DO, FITB, HBAN, NUE, NTRS, NVR, PCX, PM, LUV, STI, VFC, XRX) of reporting.

Other notables include copper mining giant Freeport (
FCX), railroad operator Union Pacific (UNP), air and ground specialist (UPS) and "Best Second Derivative Play" on Apple, Cirrus Logic (CRUS) as hailed by Mad Money's James Cramer back in May but whose working relationship with Apple on future products has come under fire in past month.

After Hours: Amazon (AMZN), American Express (AXP), Baidu.com (BIDU), Bucyrus (BUCY) and SanDisk (SNDK) highlight busy (COF, CMG, CB, CTXS, CYMI, QLGC, RMBS, RVBD, SYNA, WOOF and WIT) schedule.

Friday:
Economic:  N/A.

Earnings: Honeywell (
HON), Exelon (EXC), Ingersoll Rand (IR), Ericsson (ERIC), Schlumberger (SLB), Snap-On (SNA), T Rowe Price (TROW) and Verizon (VZ).

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Sunday, October 10, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: N/A.

Earnings:  Credit card processor Global Payment (GPN). Analysts expect $0.69 versus prior year's $0.71 per share result. Sympathy plays Visa (V) and MasterCard (MA) on traders radars.
 
Notable:  Q3 earnings season is underway with a handful of marquee and muscle-worthy names able to tone set for bulls or bears this week. Intel is first out-the-gate Tuesday night with fellow Dow component GE (
GE) taking up the slack on Friday.

On the economic side, bulls and bears will begin the week by continuing to weigh last Friday's weak jobs data against increasingly likely quant easing from the Fed—and to which Tuesday's FOMC Minutes might provide additional clues regarding future monetary action.

Tuesday:
Economic: FOMC Minutes. Bulls will be scrutinizing report for clues to further confirm increased confidence in quantitative easing as all but written in stone.   

Earnings:  Fastenal (FAST). After the Close: Intel (INTC), the world's largest but under scrutiny of late semiconductor outfit, is expected to post profits of $0.50 per share versus $0.33 from a year ago. Technically, out of favor positioning gives bulls benefit of the doubt in front of release.

Others: ADTRAN (
ADTN), CSX (CSX) and Linear (LLTC).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Import / Export Prices, Treasury Budget (-$32.0B).

Earnings: ASML (
ASML), Host Hotels (HST), JP Morgan (JPM).

After the Close: Apollo (APOL).

Thursday:
Economic: Weekly Claims (450K vs. 445K), Continuing Claims (4.45M vs. 4.46M), PPI & Core (0.2%, 0.1%), Trade Balance (-$44.5B).

Earnings: Commerce Bancshares (
CBSH), Fairchild (FCS), Landstar (LSTR), Progressive (PGR), Safeway (SWY), Winnebago (WGO), WW Granger (GWW).

After The Close: Large cap tech represented by perennially No.2 broad-line semi Advanced Micro (
AMD) and still dominant but encroached upon (BIDU) internet search engine Google (GOOG).

Analysts expect AMD to turn a profit of $0.06 compared to last year's loss of -$0.18 per share while Google is anticipated to increase its profits by $0.78 to $6.67 per share.

Technically, shares of AMD, like INTC, have lagged both the semis and broader market, making the the game of "green catch-up" in shares a stronger-than-otherwise possibility. Shares of GOOG have recently lagged but have found consolidation support off its 200SMA as the stock tests its YTD logarithmic downtrend line on the weekly.  

Friday:
Economic:  CPI & Core (0.2%, 0.1%), Retail Sales (0.4%, ex-Auto 0.4%), Empire (6.0 vs. prior 4.10), Michigan (Oct) (68.6 vs. 68.2) and Business Inventories (0.5%).

Earnings: Will General Electric (
GE) continue to bring good things to life for bulls? Analysts expect profits of $0.27 compared to prior year's $0.22 per share. Technically, much like the broader market GE staged a key breakout last week and looks poised for higher prices.

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Sunday, October 3, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Factory Orders (-0.4% vs. prior 0.1%), Pending Homes (1.0% vs. 5.2%).

Earnings:  Aggie concern and sometimes "in play" Mosaic (MOS) reports. Analysts expect the company to post profits of $0.72 versus prior year's $0.23 per share. Technical case for bulls is slightly deep corrective weekly cup-shaped base with handle construction and recent 50 / 200 "Golden Cross."
 
Notable:  A light earnings front will be beefed up with a handful of influential names such as Costco and Yum! Brands, as well as the start of the Q3 reporting season with Alcoa's (
AA) processional lead on Thursday evening.  

A full economic calendar of data will continue to motivate bulls and bears for a second straight week.  Watchdogs' in-the-spotlight report won't be available until Friday's show, at which time nonfarm payrolls data for September should provide greater insight into the US' still, very much a reality, jobless recovery.

Tuesday:
Economic: ISM Services (51.8 vs. 51.5).

Earnings:  Wolverine (WWW). After the Close: Diamond Foods (DMND), YUM! (YUM).

Wednesday:
Economic: Weekly Crude data, ADP Survey (18K vs. -10K), MBA Mortgage "Apps" (Is there an "app" for bulls?)

Earnings: Constellation Brands (
STZ): Analysts expect a 10% decline in profits from $0.54 to $0.49 per share for the purveyor of fine spirits. Technically and more bullishly-postured, STZ has established a weekly Cup & Handle pattern.

Consumer wholesaler Costco (
COST) is forecasted to bring in a near 15% profit jump on earnings of $0.95 per share. Technically, shares have forged an uncharacteristically strong run in front of the report and prone to a "sell the news" reaction.

Aggie giant Monsanto (
MON) is expected to show a loss of -$0.06 compared to last year's $0.02.  Technically shares have been under extreme duress and nearing prior YTD and multi-year lows on sales and pricing concerns related to glyphosate and Smartstax corn seeds, as well as Roundup product related to birth defects according to study released Thursday.

After the Close: Immucor (
BLUD), Marriott (MAR) and Ruby Tuesday (RT).

Thursday:
Economic: Weekly Claims (455K vs. 453K), Continuing Claims (4.45M vs. 4.45M), Consumer Credit (-$3.0B vs. -$3.6B).

Earnings: PepsiCo (
PEP).

After The Close: Earnings season for Q3 "officially" begins with Dow component and aluminum concern Alcoa (
AA). Company expected to show 50% increase in profits from prior year's $0.04 to earn $0.06 per share.

Technically, shares of AA appear to be near major crossroads after staging rally from weekly corrective bottom in excess of 50% and breaking prior downtrend line. Bulls are now approaching neckline resistance from prior Oct 09 – April 10 H & S top.  

Others: Micron (MU) and AngioDynamics (ANGO).

Friday:
Economic:  September Monthly Jobs expected to show stagnant "0.0K" result compared to August's loss of -54,000 in nonfarm payrolls. Private ranks are expected to show a 70,000 increase on top of prior month's jump of 67,000, while unemployment rate is forecasted to show slight one-tenth of a percent uptick to a still steep 9.7%. Other: Wholesale Inventories (0.4% vs. prior 1.3%).

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