Sunday, December 5, 2010

THIS WEEK'S MARKET MOVERS

chart
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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