Sunday, November 14, 2010

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Retail Sales (0.7% vs. prior 0.6% & ex autos: 0.4% vs. 0.4%), Empire (11.7 vs. 15.73),     Business Inventories (0.9% vs. 0.6%).

Earnings:
 Home improvement retailer Lowe's (LOW) is in the spotlight and first in a fairly heavy crop of diverse retail names reporting throughout the week. Analysts expect profits of $0.30 and up from the year ago's $0.24 per share. Technically, shares have been underperforming the broader averages markedly and show a developing bearish weekly H & S pattern.

Others: China Sunergy (
CSUN), Diana Shipping (DSX) and current Bulls Radar component from the Growth Stock Option report, Longtop Financial (LFT).

After Hours: Nordstrom (
JWN), Urban Outfitters (URBN) and RINO (RINO).

Tuesday:
Economic: PPI & Core (0.8% vs. 0.4% & 0.1% vs. 0.1%), IP & CU (0.3% & 74.7%), NAHB (15.0 vs. 16.0).

Earnings:  Dow components Wal-Mart (
WMT) and Home Depot (HD) set stage for slug of retail names reporting. Analysts expect $0.06 improvement to $0.90 per share for Wal-Mart and $0.07 year-over-year increase to $0.48 per share for Home Deport.

Others: Abercrombie (
ANF), Dick's (DKS), Jacobs (JEC), Navios (NM), Saks (SKS) and TJX (TJX).

After Hours: Sina (
SINA), Bob Evans (BOBE) and La-Z-Boy (LZB).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, CPI & Core (0.3% vs. 0.1% & 0.1% vs. 0.0%), Housing Starts & Permits (600K vs. 610K and 565K vs. 539K).

Earnings: BJ's (
BJ), Chico's (CHS), Duoyuan Water (DGW), Suntech (STP), VanceInfo (VIT)

After Hours: Applied Materials (
AMAT), Aruba (ARUN), Limited (LTD), NetApp (NTAP), PETsMART (PETM).

Notable: General Motors oversubscribed IPO [$26 - $29 price range] slated to begin trading.

Thursday:
Economic: Weekly Claims (442K vs. 435K & 4.3M vs. 4.3M), Leading Indicators (0.6% vs. 0.3%), Philly Fed (4.5 vs. 1.0).

Earnings: American Eagle (
AEO), Canadian Solar (CSIQ), Dollar Tree (DLTR), Ross (ROSS), Sears (SHLD), Gamestop (GME), Staples (SPLS).

After Hours: Atwood (ATW), Autodesk (ADSK), Blue Coat (BCSI), Dell (DELL), Dress Barn (DBRN), Gap (GPS), Intuit (INTU), Marvell (MRVL), Salesforce (CRM).

Friday:
Economic:  NA.

Earnings: AnnTaylor (
ANN), Heinz (HNZ), Kirklands (KIRK), Yingli Green (YGE).

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