Sunday, May 8, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:  In the spotlight, miner and very recent growth stock standout Silver Wheaton (
SLW) is expected to show profits of $0.43 per share compared to year ago's $0.13.

Technically, shares of SLW have put together a 27% correction over the past four weeks and remain in a weekly uptrend above 200SMA support.

Others: AES (
AES), Hecla (HL), PetMed (PETS), Valeant (VRX).

After Hours: Activision (
ATVI), CVR Energy (CVI), Diodes (DIOD), Home Inns (HMIN), Medifast (MED), Rackspace (RAX).

Tuesday:
Economic:  Import / Export, Wholesale Inventories (1.0% vs. 1.0% prior).

Earnings:
Fossil (FOSL), JA Solar (JASO), James River (JRCC), Wendy's (WEN), Neutral Tandem (TNDM).

After Hours: Dow component and entertainment giant Disney (
DIS) is expected to post profits of $0.58 per share compared to $0.48 from the year ago period.

Technically, shares are priced at last quarter's bullish post earnings reaction levels within a tight lateral congestion zone which has developed around prior all-time-highs from 2000.


Others:
General Maritime (GMR), Harbin (HRBN), LDK (LDK), MBIA (MBI), McDermott (MDR), Molycorp (MCP), Rovi (ROVI), STEC (STEC), URS (URS).  

Wednesday:
Economic: Weekly Crude, Mortgage Apps, Trade Balance (-$47.8B).

Earnings:
Arcelor Mittal (MT), Enbridge (ENB), Macy's (M), Maidenform (MFB), Teva (TEVA).

After Hours:
Cisco (CSCO) is in the spotlight with analysts expecting profits of $0.37 per share compared to $0.42 in the year ago period. After a couple quarters of reduced guidance and bearish investor reactions, bulls will look to see if CEO Chambers can muster up a more encouraging outlook on both public and private sector spending.

Technically, CSCO looks to be an important report with shares consolidating laterally near two year lows within a long-standing weekly downtrend channel.

Others: IAMGOLD (
IAG), InterOil (IOC), Sina (SINA), Symantec (SYMC).

Thursday:
Economic:  Weekly Claims (423K vs. 474K), PPI & Core (0.5% & 0.2% vs. 0.7% & 0.3%), Retail Sales & ex-Auto (0.6% & 0.5% vs. 0.4% & 0.8%), Business Inventories (0.9% vs. 0.5%).

Earnings: Kohl's (
KSS), Dangdang (DANG), Sony (SNY), Teekay (TK), Tim Horton's (THI).

After Hours:
CA Tech (CA), Nordstrom (JWN), NVIDIA (NVDA), Sunpower (SPWRA).

Friday:
Economic: CPI & Core (0.4% & 0.1% vs. 0.5% & 0.1%), Michigan (69.8 vs. 69.8).

Earnings:
Agilent (A).

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