Sunday, January 2, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Construction Spending (0.2% vs. prior 0.7%), ISM Index (57.3 vs. 56.6).

Earnings:
 NA.

Tuesday:
Economic: Factory Orders (-0.4% vs. -0.9%), FOMC Minutes, Truck & Auto Sales (5.3M, 3.7M).

Earnings:  Aggie Mosaic (
MOS) is in the spotlight. Analysts expect profits of $0.91 per share representing earnings growth of nearly 185%.

Technically, shares of MOS are in a bullish position with the stock about 2% above prior week's breakout from a nine-week long cup-shaped base wedged at YTD highs from January. Strong fundamentals per IBD, liquid listed options and strong volatility characteristics make MOS a potential dynamic collar candidate.

Others: AngioDynamics (
ANGO), Sonic (SONC) and Team (TISI).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Challenger Job (prior -3.3%), ADP (100K vs. 9,300), ISM Services (55.7 vs. 55.0).
 
Earnings: Family Dollar (
FDO), UniFirst (UNF). After Hours: Resources Connect (RECN), Ruby Tuesday (RT).

Thursday:
Economic: Weekly Claims (405K vs. 388K), Continuing Claims (4.07M vs. 4.128M).

Earnings:
Seed giant Monsanto (MON) is expected to turn a slight profit of $0.02 per share compared to prior year's equally slender loss of -$0.02.

Technically, shares of MON enjoyed a strong quarterly run of about 45% into the yearend but underperformed during 2010 with the stock off about -15%. MON is currently facing a key weekly chart test of a downtrend resistance line and bear flag extension line dating from Nov 2008.

Others: Constellation Brands (
STZ), and RPM (RPM). After Hours: Global Payment (GPN), IHS (IHS), Immucor (BLUD), Shaw (SHAW) and Xyratex (XRTX).   

Friday:
Economic:  "BernankeSpeak", December Jobs (132K vs. 39K), Private Payrolls (142K vs. 50K), Unemployment (9.8% vs. 9.8%), Consumer Credit (-$2.5B vs. $3.4B).

Earnings: AZZ (
AZZ), KB Home (KBH), PriceSmart (PSMT) and Robbins & Myers (RBN).
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