Monday, February 28, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Inc & Spend (0.3%, 0.4% vs. 0.4%, 0.7% prior), PCE Core (0.1% vs. 0.0%), Chicago PMI (67.5 vs. 68.8), Pending Homes (-3.2% vs. 2.0%).

Earnings:  AES Corp (
AES), Almost Family (AFAM), Jinko Solar (JKS), Ken Cole (KCP), Overseas Shipping (OSG), VanceInfo (VIT). 

After Hours: A123 (AONE), Excel Maritime (EXM), Rosetta Stone (RST), Range Resources (RRC), URS (URS), Verisk (VRSK), Youku.com (YOKU).

Tuesday:
Economic: Semi-Annual BernankeSpeak, ISM (60.5 vs. 60.8), Construction (-0.6% vs. -2.5%), Auto & Truck.

Earnings: AutoZone (
AZO), BofM (BMO), Domino's (DPZ), ReneSola (SOL), SodaStream (SODA), Tech Data (TECD).

After Hours:
Dendreon (DNDN), Hovnanian (HOV), McDermott (MDR), MBIA (MBI), Shanda (SNDA), Sina (SINA), TiVo (TIVO), Verifone (PAY).

Wednesday:
Economic: Semi-Annual BernankeSpeak, ADP (163K vs. 187K), Challenger (prior -46.1%), Fed's Beige Book and Weekly Crude.

Earnings:
BJ's (BJ), Costco (COST), Joy Global (JOYG), Maidenform (MFB), W&T Offshore (WTI).
After Hours:
Copart (CPRT), CVR (CVI), Darling (DAR), Eagle (EGLE), GMX (GMXR), PETsMART (PETM), Sigma (SIGM).
 
Thursday:
Economic:  ECB Rate Decision, Weekly Claims (400K vs. 391K), Continuing (3.8M vs. 3.79M), Productivity (2.3% vs. 2.6%), ISM Services (59.0 vs. 59.4).

Earnings: Canadian NR (
CNQ), China New Borun (BORN), Del Monte (DLM), DineEquity (DIN), Heinz (HNZ), Kroger (KR), Western Refining (WNR).

After Hours: Cooper (
COO), Marvell (MRVL), Silver Wheaton (SLW), Novell (NOVL).

Friday:
Economic:  BLS Feb Jobs (180K vs. 36K), Private Payrolls (193K vs. 50K), Unemployment (9.1% vs. 9.0%), Factory Orders (2.1% vs. 0.2%).

Earnings: Camelot (
CIS), New Gold (NGD).

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Monday, February 21, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge

Tuesday:
Economic: Case Shiller (-2.4% vs. -1.59% prior), Consumer Confidence (67.0 vs. 65.6).

Earnings:  Dow component Wal-Mart (
WMT) and the world's largest discount retailer is expected to announce profits of $1.31 compared to last year's $1.17 per share. Technically, shares look to have closed on a ProfitSource EW4 EBOT signal line Friday.

Out-of-the money March 57.50 call priced for $0.31 with 5% "to double" value, sees massive activity of nearly 88,000 contracts compared to open interest of 51,000. 

Others: Barnes & Noble (BKS), Diana (DSX), Expeditors (EXPD), Home Depot (HD), JA Solar (JASO), Macy's (M), Office Depot (ODP), Trina Solar (TSL), VF Corp (VFC).

After Hours:
Dow component and computing giant Hewlett Packard (HPQ) is forecast to produce bottom-line growth of 16% on profits of $1.29 per share.

Others: Chesapeake (
CHK), Herbalife (HLF), Leap Wireless (LEAP), Mohawk (MHK), RadioShack (RSH).  

Wednesday:
Economic: Mortgage Apps, Existing Homes (5.23M vs. 5.28M).

Earnings: Chico's (
CHS), DIRECTV (DTV), Fluor (FLR), Garmin (GRMN), Lowe's (LOW), Lumber Liquidators (LL), Saks (SKS), TJX (TJX), Toll Bros. (TOL), Vornado (VNO), Zale (ZLC).

After Hours:
Avago (AVGO), AXT Inc (AXTI), Continental Resources (CLR), Genco (GNK), Intrepid (IPI), Jack (JACK), Limited (LTD), Priceline (PCLN), MercadoLibre (MELI), Netease (NTES), Tenaris (TS), Transocean (RIG), Yamana Gold (AUY).

Thursday:
Economic: Weekly Claims (410K vs. 410K), Continuing (3.90M vs. 3.91M), Durable Orders (3.0%, ex-trans: 0.6% vs. -2.3%, 0.8%), FHFA (prior 0.00%), New Homes (310K vs. 329K), Weekly Crude.

Earnings:
Ceradyne (CRDN), DISH (DISH), Dollar Thrifty (DTG), Foster Wheeler (FWLT), Frontier (FTO), General Motors (GM), FTI (FCN), Newmont (NEM), OM Group (OMG), Patterson (PDCO), Safeway (SWY), Target (TGT).

After Hours:
Applied Mat's (AMAT), Ancestry (ACOM), Autodesk (ADSK), Crocs (CROX), Deckers (DECK), Dreamworks (DWA), First Solar (FSLR), Gap (GPS), Goldcorp (GG), Hansen (HANS), Salesforce (CRM), SW Energy (SWN), True Religion (TRLG), W-Greatbatch (GB), World Fuel (INT).
 
Friday:
Economic:  GDP Q4 2nd Est (3.3% vs. 3.2%), Deflator (0.3% vs. 0.3%), Michigan Feb (75.1 vs. 75.1).

Earnings: AMAG (
AMAG), Constellation (CEP), IAMGOLD (IAG), JC Penney (JCP), Rowan (RDC), Tenet (THC), TETRA (TTI), Warner Chilcott (WCRX).

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Wednesday, February 16, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: N/A.

Earnings:
 In the glittery spotlight, MGM Resorts (MGM) is expected to produce a slightly smaller loss of (0.22) per share versus the prior year's (0.25). Peer Wynn Resorts (WYNN) broke out last week from a four week flat base pattern shaped on top of an eight week cup and finishing at fresh two-plus year highs. Technically, MGM shares have shaped a similar weekly cup with a slightly "high handle" of four weeks that's pulled back inside the larger base.

Others Premarket: Administaff (ASF), Diebold (DBD), China MY Wind Power (MY), STEC (STEC), Valspar (VAL)

After Hours:
Agilent (A), Arch (ACGL), FMC Tech (FTI), Marriott (MAR), Ultra Clean Hldg (UCTT), Walter Energy (WLT).

Tuesday:
Economic: Retail Sales (0.5% & 0.6% vs. 0.6% & 0.5% prior), Empire (16.0 vs. 11.92), Import / Export, Bus Invs (0.7% vs. 0.2%), NAHB (16 vs. 16).

Earnings:  Capella (
CPLA), CIT Group (CIT), Fossil (FOSL), Host Hotels (HST), Marsh McLennan (MMC), Omnicom (OMC), Qwest (Q), Sirius (SIRI), United Thera (UTHR), Zebra (ZBRA).

After Hours:
Computer hardware giant Dell (DELL) is expected to post profit growth of 32% on earnings of $0.37 per share. Technically, shares have been carving out a bullish weekly "W" or double bottom pattern the past four months with a handle developing about midway in the base construction.   

Others: Analog Devices (
ADI), Bob Evan's (BOBE), J2 Global (JCOM), Nabors (NBR), Pan Am Silver (PAAS), Rovi (ROVI), Tesla (TSLA), ValueClick (VCLK).

Small cap business software outfit Sapient (
SAPE) has been busy putting together a nice four-month long "W" after breaking out above multi-year resistance back in the spring of 2010. Analysts expect a flat year-over-year profit of $0.11 per share. However, IBD maintains a Composite Rating of 89, 92 EPS rating and B+ Acc/Dist Rating with only its RS of 71, a result of its long base development, a less obvious blemish.

Wednesday:
Economic: Mortgage Apps, Weekly Crude, Housing Starts & Permits (540K & 580K vs. 529K & 635K prior), PPI & Core (0.7% & 0.2% vs. 1.1% & 0.2%), IP & CU (0.6% & 76.4% vs. 0.8% & 76%), Fed Minutes.

Earnings: Abercrombie (
ANF), Comcast (CMCSA), Deere (DE), OfficeMax (OMX), Owens Corning (OC), PF Chang's (PFCB), WellCare (WCG).

After Hours: Agnico-Eagle (
AEM), Cliffs Nat (CLF), Express Scripts (ESRX), Hecla (HL), NetApp (NTAP), NVIDIA (NVDA), Oceaneering (OII), O'Reilly (ORLY), Peet's (PEET), Skechers (SKX).

Thursday:
Economic: Weekly Claims (410K vs. 383K), Continuing (3.90M vs. 3.88M), CPI & Core (0.3% & 0.1% vs. 0.5% & 0.1%), Leading indicators (0.2% vs. 1.0%) and Philly Fed (21.9 vs. 19.3).


Earnings:
Apache (APA), Barrick Gold (ABX), Hyatt (H), Liz Claiborne (LIZ), Reliance Steel (RS), Revlon (REV), SPX (SPW), Strayer (STRA), Toro (TTC), Waste Mgt (WM), Weight Watchers (WTW).

After Hours:
Blue Coat (BCSI), Brocade (BRCD), Bucyrus (BUCY), CF Ind (CF), First Solar (FSLR), Hittite Micro (HITT), Intuit (INTU), Nordstrom (JWN), Red Robin (RRGB), Sunpower (SPWRA).

Friday:
Economic:  N/A.
Earnings: Barnes (
B), Brookfield (BAM), Calpine (CPN), Campbell (CPB), Progress Energy (PGN), Ship Finance (SFL), Ultra Petrol (UPL), Yingli Energy (YGE).

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Sunday, February 6, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Consumer Credit ($2.5B vs. $1.3B).


Earnings:
 In the spotlight, India-based IT giant Cognizant (CTSH) is expected to announce profit growth of 38% on earnings of $0.65 per share. Technically, with peer Infosys (INFY) having fallen victim to stiff profit-taking despite its better-than-expected results in mid January, CTSH's own and still uncorrected price run in excess of 420% from its November 2008 lows, looks prone to a similar investor reaction.

Others Premarket: Hasbro (HAS), Humana (HUM), Loews (L), Sysco (SYY).

After Hours:
Becton Dickinson (BDX), BRE Props (BRE), FMC (FMC), Gartner (IT), Lincare (LNCR), Synchronoss (SNCR), Time Warner Tcom (TWTC), UDR (UDR), Veeco (VECO).

Tuesday:
Economic: NA.

Earnings:  Aecom (
ACM), Arcelor Mittal (MT), Avon (AVP), Beazer (BZH), Entergy (ETR), NYSE (NYX), Potlatch (PCH), Sara Lee (SLE), Vishay (VSH).

After Hours:
Dow component and consumer sensitive entertainment goliath Disney (DIS) is in the spotlight. Analysts expect profits to grow 19% from the year ago period on earnings of $0.56 per share and sales of $10.52B compared to $9.60B. Technically, shares are roughly 1.5% above a breakout last week from a tight four-week lateral base which found support on top of a much larger 8-month cuppish-shaped base.

Others: Atmel (ATML), Buffalo Wings (BWLD), Cerner (CERN), Compass (CMP), Gen Cable (BGC), Illumina (ILMN), McAfee (MFE), NETGEAR (NTGR), Motricity (MOTR), OpenTable (OPEN), Waste Connections (WCN), XL Cap (XL).

Wednesday:
Economic: Mortgage Apps, Weekly Crude.

Earnings: Agrium (
AGU), Alpha Nat (ANR), Coke (KO), Ing-Rand (IR), ICE (ICE), N-Grumman (NOC), Polo (RL), Sigma Aldrich (SIAL), Wyndham (WYN).

After Hours: Cisco Systems (
CSCO), the world's largest networking outfit is expected to produce profits of $0.35 per share and roughly -12.5% below last year's $0.40 for its second quarter. Revenues of $10.23B are also expected.

In the prior period shares were pummeled more than -16% after management guided its sales forecast below consensus views with estimated growth of 3% - 5% for Q2 and 9% - 12% for its fiscal year.

Technically, despite recouping nearly 50% of its post-earnings breakdown and testing 200SMA resistance, call buyers were out in force Friday by a very heavy 2-to-1 margin on total volume of 381,000. The demand driven buying pushed at-the-money Feb implieds by five points to 38%.

Though well bid compared to shorter-term 10 and 20 day SV levels, premiums are only slightly above longer-term values and implieds remain below prices of 44% set immediately in front of last quarter's results when underlying volatility was trading at lower levels across-the-board.

In lieu of the technical crossroads currently being tested, we'd surmise it's likely more than a few of Cisco's call buyers are actually volatility traders in spots such as Friday's most active ATM Feb 22 call which saw more than 40,000 contracts change hands and close at $0.70 on 38% IV.

Others After Hours:
Activision (ATVI), Advance Auto (AAP), Akamai (AKAM), Allstate (ALL), China Green Ag (CGA), Cisco (CSCO), Diodes (DIOD), FLIR (FLIR), MetLife (MET), Pru (PRU), Whole Foods (WFMI).

Thursday:
Economic: Weekly Claims (413K vs. 415K), Continuing (3.90M vs. 3.92M), Wholesale Inv's (0.7% vs. -0.2%), Treasury Budget (-$50.0B).


Earnings:
Alexion (ALXN), Borg W (BWA), Bunge (BG), CBOE (CBOE), Goodyear (GT), Lufkin (LUFK), Molson (TAP), Och-Ziff (OZM), Pepsi (PEP), Philip Morris (PM), Sprint (S), WR Grace (GRA).

After Hours:
Blue Nile (NILE), Cephalon (CEPH), Chipotle (CMG), DaVita (DVA), Expedia (EXPE), Kraft (KFT), Nanometrics (NANO), Panera (PNRA), Rackspace (RAX).

Friday:
Economic:  Trade Balance (-$40.7B vs. -$38.3B), Michigan (75.5 vs. 74.2).
Earnings: Brookfield Props (
BPO), Coca-Cola Ent (CCE), Discovery (DISCA), Total SA (TOT).

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