Courtesy of ChartsEdge
Monday:
Economic: N/A.
Earnings: Nuclear-entangled engineering outfit Shaw Group (SHAW) reports. Analysts expect profits of $0.49 per share versus prior year's $0.48, while bulls yearn for no additional hints of future fallout.
After Hours: Dow component and aluminum heavyweight Alcoa (AA) officially kicks off the Q1 earnings season. The company is slated to turn a profit of $0.27 per share versus the prior year's $0.10. Technically, shares are attempting to successfully breakout of a multi-week cup base formed at its prior intermediate highs set in January 2010.
Tuesday:
Economic: Trade Balance (-$45.7B), Import / Export, Treasury Budget ($189.0B).
Earnings: Fastenal (FAST), ADTRAN (ADTN).
Wednesday:
Economic: Weekly Crude, Mortgage Apps, Business Inventories (0.8% vs. prior 0.9%), Beige Book.
Earnings: Dow component and financial giant JP Morgan Chase (JPM) reports. Analysts see profits of $1.15 vs. last year's $0.74 per share. Technically, shares are developing cup-shaped base of several weeks which lines up with last April's intermediate highs.
Other AM: ASML Holding (ASML).
Thursday:
Economic: Weekly Claims (385K vs. 382K prior), Continuing (3.70M vs. 3.72M), PPI & Core (1.0% & 0.2% vs. prior 1.6% & 0.2%).
Earnings: Check Point (CHKP), Fairchild (FCS), Hasbro (HAS), Progressive (PGR), Supervalu (SVU).
After Hours: Internet giant Google (GOOG) reports. Analysts expect profits of $8.13 compared to $6.76 in 2010. The April contract which expires the next session is priced around 41% IV and in effect pricing a 68% likelihood that shares of GOOG will remain within 6.50% of its current stock price.
Friday:
Economic: CPI & Core (0.5% & 0.2% vs. prior 0.5% & 0.2%), Empire (15.0 vs. 17.5), IP & CU (0.6% & 77.4%), Michigan (66.0 vs. 67.5).
Earnings: Technically dragging of late Bank of America (BAC) is expected to show flat profits of $0.28 per share. For the bulls, which this strategist favors currently, shares of BAC could be developing a three-month long double bottom base in and around 200SMA and Golden Cross support. For the bears, the same chart can be spied as having a series of lower highs.
Others: Genuine Parts (GPC), Infosys (INFY), Mattel (MAT).
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Economic: N/A.
Earnings: Nuclear-entangled engineering outfit Shaw Group (SHAW) reports. Analysts expect profits of $0.49 per share versus prior year's $0.48, while bulls yearn for no additional hints of future fallout.
After Hours: Dow component and aluminum heavyweight Alcoa (AA) officially kicks off the Q1 earnings season. The company is slated to turn a profit of $0.27 per share versus the prior year's $0.10. Technically, shares are attempting to successfully breakout of a multi-week cup base formed at its prior intermediate highs set in January 2010.
Tuesday:
Economic: Trade Balance (-$45.7B), Import / Export, Treasury Budget ($189.0B).
Earnings: Fastenal (FAST), ADTRAN (ADTN).
Wednesday:
Economic: Weekly Crude, Mortgage Apps, Business Inventories (0.8% vs. prior 0.9%), Beige Book.
Earnings: Dow component and financial giant JP Morgan Chase (JPM) reports. Analysts see profits of $1.15 vs. last year's $0.74 per share. Technically, shares are developing cup-shaped base of several weeks which lines up with last April's intermediate highs.
Other AM: ASML Holding (ASML).
Thursday:
Economic: Weekly Claims (385K vs. 382K prior), Continuing (3.70M vs. 3.72M), PPI & Core (1.0% & 0.2% vs. prior 1.6% & 0.2%).
Earnings: Check Point (CHKP), Fairchild (FCS), Hasbro (HAS), Progressive (PGR), Supervalu (SVU).
After Hours: Internet giant Google (GOOG) reports. Analysts expect profits of $8.13 compared to $6.76 in 2010. The April contract which expires the next session is priced around 41% IV and in effect pricing a 68% likelihood that shares of GOOG will remain within 6.50% of its current stock price.
Friday:
Economic: CPI & Core (0.5% & 0.2% vs. prior 0.5% & 0.2%), Empire (15.0 vs. 17.5), IP & CU (0.6% & 77.4%), Michigan (66.0 vs. 67.5).
Earnings: Technically dragging of late Bank of America (BAC) is expected to show flat profits of $0.28 per share. For the bulls, which this strategist favors currently, shares of BAC could be developing a three-month long double bottom base in and around 200SMA and Golden Cross support. For the bears, the same chart can be spied as having a series of lower highs.
Others: Genuine Parts (GPC), Infosys (INFY), Mattel (MAT).
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