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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