THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Cal-Maine Foods (CALM).

Tuesday:
Economic: Case Shiller (-0.2% vs. prior -0.59%), Consumer Confidence (56.1 vs. 54.1).

Earnings:  NA.

Wednesday:
Economic: Weekly Crude data, Mortgage Apps (prior -18.6%).

Earnings: Imperial Sugar (IPSU).

Thursday:
Economic: Weekly Claims (416K vs. 420K & 4.03M vs. 4.064M), Chicago PMI (62.5 vs. 62.5), Pending Home Sales (-1.8% vs. 10.4%).

Earnings: NA.

Friday: (End of Quarter NYSE Open)
Economic:  NA.

Earnings: NA

 

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Jeffries (JEF). After Hours: Adobe (ADBE), Darden (DRI), Jabil (JBL) and Paychex (PAYX).

Tuesday:
Economic: NA.

Earnings:  Two of the week's most closely-watched reports will likely prove to be cruise operator Carnival (CCL) in Tuesday's premarket and Nike (NKE) in the after hours session as the health of discretionary spending by consumers will be in the spotlight.

Analysts expect Carnival to post profit growth of 33% on earnings of $0.32 per share. Technically, shares faltered slightly last week but have continued to hold 50SMA support and maintain recent pivot lows as part of a weekly handle developing within a seven week long base off marginal intermediate highs.

For its part, athletics giant Nike is set to show profits of $0.88 per share and up from last year's $0.76. Technically speaking, shares have been trendy in beating the broader averages with YTD gains of about 40% to all-time-highs, up about 16% since its last report. NKE's positioning makes it prone to modest profit-taking on good results but at the same time, doesn't look overtly-extended and the $100 mark about 11% removed from current levels.

Other: CarMax (KMX), Commercial Metals (CMC), ConAgra (CAG). After Hours: Cintas (CTAS), Finish Line (FINL), Hovnanian (HOV), Red Hat (RHT), TIBCO (TIBX).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Q3 GDP 3^rd (2.7%), Deflator (2.3%), Existing Homes (4.65M vs. prior 4.43M), FHFA Home Price Index (prior -0.7%).

Earnings: Lindsay (LNN), Walgreens (WAG). After Hours: Bed Bath & Beyond (BBBY), Christopher & Banks (CBK), Micron (MU).

Thursday:
Economic: Weekly Claims (424K, 4.07M), Inc & Spend (0.2% vs. prior 0.5% & 0.5% vs. 0.4%), PCE Core Prices (0.1% vs. prior 0.0%), Durable Orders (-1.0% vs. -3.3%; ex-trans 1.0% vs. -2.7%), Michigan (75.0 vs. 74.2), New Home Sales (303K vs. prior 283K).

Earnings: NA.

Friday: Christmas Holiday
Economic:  NA.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  NA.

Tuesday:
Economic: PPI & Core (0.5%, 0.2%), Retail Sales (0.5%, Ex: 0.6%), Business Inv's (1.1%) and FOMC Decision on Rates (0.25%).

Earnings:  In the spotlight, consumer electronics retailer Best Buy (BBY) is expected to grow profits by approximately 15% on earnings of $0.61 per share. Technically speaking, shares of BBY have put together a 35% deep corrective weekly cup of seven months. Of late and on bulls radars, shares have carved out a handle of five weeks and roughly 9% in depth, high in the right side of the base.

Other: FactSet (FDS), Imperial Sugar (IPSU), Pantry (PTRY), Sanderson (SAFM). After Hours: Hovnanian (HOV), The9 Ltd (NCTY).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, CPI & Core (0.2%, 0.1%), Empire (3.0), Net Long-Term TIC Flows, IP & CU (0.3%, 75%), NAHB (17.0).

Earnings: NASDAQ 100 component and mining machinery outfit Joy Global (JOYG) is expected to show a slight drop in profits from $1.20 to $1.16 per share. With shares extended about 20% above most recent base breakout levels, just off best levels in two-plus years and 10% from ATHs; the company's outlook should prove an important trigger for bulls (and bears).

After Hours: AAR (AIR), ABM (ABM), HEICO (HEI), Herman Miller (MLHR), Nordson (NDSN).
  
Thursday:
Economic: Weekly Claims (425K, 4.07M), Housing Starts & Permits (545K, 558K), Current Balance (-$125.3B), Philly Fed (12.5).

Earnings: FedEx's (FDX) earnings package is in the spotlight. The economic bellwether is expected to grow profits by 19% to $1.31 per share. Technically, shares are nearing cup highs within its near 8-month long base after breaking out on heavy volume, above its handle pivot of $90.63 several sessions ago and consolidating those gains last week.

Other: Discover (DFS), General Mills (GIS), Pier 1 (PIR), Rite Aid (RAD), Winnebago (WGO).

After Hours: Business software / database giant Oracle (ORCL) and smart phone manufacturer RIM (RIMM) are in focus. Oracle is expected to show profit growth of 18% on earnings of $0.46 per share. Technically, shares of ORCL have just scored fresh nine year highs from a short six week cup structure on weak volume, putting the burden of proof and reasons to refrain from "profit-taking" on bulls shoulders.

For its part, RIM is expected to produce profits of $1.64 per share compared to the year ago's $1.10. Technically, shares have been a strong under-performer in large cap tech but recently staged a successful-looking bottoming cup-with-handle breakout which suggests a better 2011 for bulls.

Other: Accenture (ACN), Applied Signal (APSG), Quicksilver (ZQK), Steelcase (SCS), Take-Two (TTWO).

Friday:
Economic:  Leading Indicators (1.2%).

Earnings: Cruise line operator Carnival (CCL) reports. Company is expected to earn $0.34 per share compared to the year ago's $0.24 per share. Technically, high-handle development of six weeks on good volume characteristics at two-plus year highs suggests further smooth sailing could be shaping up.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Pep Boys (PBY).

Tuesday:
Economic: October Consumer Credit [-$2.3B vs. prior -$2.1B].  

Earnings:  In the spotlight, retail auto parts giant AutoZone (AZO) is expected to grow profits by 20% on earnings of $3.40 per share. Technically speaking, shares are aggressively-priced and ripe for profit-taking on very "trendy" Fibonacci cycle / run of 13 months that's hugged its 8-week SMA while nearly doubling in price during its northward travels to fresh all-time-highs.

Other: Talbots (TLB), Layne Christensen (LAYN), Toro (TTC). After Hours: Casey's (CASY), Cooper (COO), H&R (HRB), Men's Wearhouse (MW).  

Wednesday:
Economic: Weekly Crude data, MBA Mortgage Apps.

Earnings: United Nat Foods (UNFI). After Hours: Comtech Telecom (CMTL), Diamond Foods (DMND), Greif (GEF), Martek (MATK), Oxford (OXM), SAIC (SAI), Smith & Wesson (SWHC).

Thursday:
Economic: Weekly Claims [430K, 4.25M], Wholesale Inv's [0.8% vs. prior 1.5%].

Earnings: Brown Forman (BF.B), Ciena (CIEN), Lululemon (LULU), Smithfield (SFD), Titan (TITN).

After Hours: Semiconductor muscle National Semi (NSM) is expected to show profit growth of 60% on earnings of $0.32 per share. Technically, back-to-back gains of nearly 8.50% put shares in the upper right side of its 8-month long corrective base and have helped the sector (SMH) to its own relative strength leadership position in securing fresh intermediate highs.

Others: Esterline (ESL), Pall Corp (PLL), SeaChange (SEAC).  

Friday:
Economic:  Import / Export, Trade Balance [-$44.4B], Michigan Sentiment [72.5 vs. prior 71.6], Treasury Budget [-$134B].
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