Monday, June 27, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Income & Spending (0.3% & 0.1%), PCE Core (0.2%).

Earnings: Sportswear and goods goliath Nike (
NKE) reports before the bell. Analysts expect profits of $1.16 per share compared to the year ago take of $1.06 per share.

Technically, shares have put together a triple descending top during 2011 after a weekly uptrend of 1.75 years. Currently, shares have improved the playing pitch for bears by carving out a bearish flag following a 50/200SMA Death Cross.

Tuesday:
Economic:  Case Shiller (-3.9%), Consumer Confidence (60.3).

Earnings:
Progress Software (PRGS), Sealy (ZZ), Shaw (SHAW), Synnex (SNX).

After Hours:

Wednesday:
Economic:  Mortgage Apps, Weekly Inventories, Pending Home Sales (2.0%).


Earnings:
Acuity (AYI), Family Dollar (FDO), General Mills (GIS), KB Home (KBH), Lindsay (LNN), Monsanto (MON).

Thursday:
Economic:  Weekly Claims (420K vs. 429K), Chicago PMI (53.5).

Earnings:
Constellation Brands (STZ), McCormick (MKC), Schnitzer (SCHN), Worthington (WOR).

After Hours:
Apollo (APOL), Darden (DRI), Smith & Wesson (SWHC), Xyratex (XRTX).

Friday:
Economic: Michigan (71.8), ISM (51.1), Construction (-0.5%).

Earnings:
NA.
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Sunday, June 19, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:  NA.

Tuesday:
Economic:  Existing Home Sales (4.78M vs. 5.05M).

Earnings:
Barnes & Noble (BKS), Carnival (CCL), Commercial Metals (CMC), Jefferies (JEF), Walgreens (WAG).

After Hours: Adobe (
ADBE), Jabil (JBL), La-Z-Boy (LZB).
Wednesday:
Economic:  Mortgage Apps, Weekly Inventories, FHFA Housing (prior 0.3%), FOMC Decision (0.25% vs. 0.25% prior).

Earnings:
CarMax (KMX), FedEx (FDX).

After Hours:
Bed Bath & Beyond (BBBY), Herman Miller (MLHR), Paychex (PAYX), Red Hat (RHT), Sonic (SONC).

Thursday:
Economic:  Weekly Claims (418K vs. 414K), New Home Sales (305K vs. 323K).

Earnings: ConAgra (
CAG), Discover (DFS), Lennar (LEN).

After Hours:
Accenture (ACN), H&R Block (HRB), Micron (MU), Oracle (ORCL), TIBCO (TIBX).

Friday:
Economic: GDP 3rd Est. (1.8% vs. 1.8%), Deflator (1.9% vs. 1.9%), Durable & ex-trans (1.0% & 0.6% vs. -3.6% & -1.6%).

Earnings:
NA.

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Monday, June 13, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:  Casey's (
CASY).

Tuesday:
Economic:  Retail Sales (-0.7% & 0.2% ex auto vs. 0.5% & 0.6% prior), PPI & Core (0.1% & 0.2% vs. 0.8% & 0.3%), Biz Inv's (1.0%).

Earnings:
Best Buy (BBY). The retailing, big box electronics giant is forming a weekly bearish inverse cup-shaped base with a short handle that's developed around key technical support of the past two years. Analysts expect Best Buy to announce a year-over-year drop in profits of three cents on earnings of $0.33 per share.

Other:  FactSet (
FDS).

After Hours: CLARCOR (
CLC).
 
Wednesday:
Economic:  Mortgage Apps, Weekly Inventories, CPI & Core (0.1% & 0.1% vs. 0.4% & 0.2%), Empire (10.0 vs. 11.9), IP & CU (0.2% & 77.0%), NAHB (16 vs. 16).

Earnings AM:
NA.

After Hours:
Finisar (FNSR), Korn/Ferry (KFY).

Thursday:
Economic:  Weekly Claims (421K vs. 427K), Housing Starts & Permits (540K & 548K vs. 523K & 551K), Current Account (-$130.0B), Philly Fed (7.0 vs. 3.9).

Earnings:
Actuant (ATU), Kroger (KR), Pier 1 (PIR), Smithfield (SFD), Winnebago (WGO).

After Hours:
RIM (RIMM). The Naz' 100 constituent and increasingly under pressure, technically and business wise, smartphone manufacturer is expected to show profits of $1.32 compared to prior year's $1.38 per share. Technically, shares are testing key 2.5 year support which sets up a potential double bottom pattern on the weekly.

Friday:
Economic: Michigan Sentiment (73.5 vs. 74.3), Leading Indicators (0.4% vs. -0.3%).

Earnings:
NA.

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Sunday, June 5, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: NA.

Earnings:  Pep Boys (
PBY).

Tuesday:
Economic:  Consumer Credit ($6.0B).

Earnings:
Talbots (TLB).

After Hours: ABM (
ABM), Bob Evans (BOBE), Comtech (CMTL), Hovnanian (HOV), LDK (LDK), Oxford (OXM), Ulta Salon (ULTA).
 
Wednesday:
Economic:  Mortgage Apps, Weekly Inventories, Beige Book.

Earnings:
Cantel Med (CMN), Ciena (CIEN), Layne Christensen (LAYN), Shuffle Master (SHFL).

After Hours:
Greif (GEF), Measurement Spec (MEAS), Men's Wearhouse (MW), Pall (PLL).

Thursday:
Economic:  Weekly Claims (423K vs. 422K prior), Trade Balance, Wholesale Inventories (0.9%).

Earnings:
Smucker's (SJM), Titan (TITN).

After Hours:
National Semi (NSM), SeaChange (SEAC).

Friday:
Economic: Import/Export, Treasury Budget (prior -$135.9B).

Earnings:
Lululemon (LULU). Techically, No. 1 ranked IBD 50 LULU broke down last week from a late stage base five-week long symmetrical triangle, making shares prone to further corrective action.

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Wednesday, June 1, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Tuesday:
Economic:  Case Shiller (-3.4% vs. prior -3.33%), Chicago PMI (62.5 vs. 67.6), Consumer

Confidence (66.3 vs. 65.4).
 

Earnings:
E-House China (EJ).
 
After Hours: Lions Gate (
LGF), Shanda Games (GAME).

Wednesday:
Economic:  Mortgage Apps, Challenger (prior -5.0%), ADP (170K vs. 179K), ISM (57.6 vs. 60.4), Construction (-0.5% vs. 1.4%), Auto & Truck.

Earnings:
Daktronics (DAKT), Dollar General (DG), VimpelCom (VIP).

After Hours:
Copart (CPRT), Esterline (ESL), Exide (XIDE), Shanda Int (SNDA), Vera B (VRA).

Thursday:
Economic:  Weekly Inventories, Weekly Claims (413K vs. 424K & 3.68M vs. 3.69M), Productivity (1.6% vs. 1.6%), Factory Orders (-1.0% vs. 3.4%).

Earnings:
Cyberonics (CYBX), Enersys (ENS), Joy Global (JOYG), Unt Nat Foods (UNFI), UTI Worldwide (UTIW).

After Hours:
Cooper (COO), Diamond (DMND), Quiksilver (ZQK), SAIC (SAI), VeriFone (PAY).

Friday:
Economic: BLS Monthly Jobs Report (185K vs. 244K, private: 220K vs. 268K, 9.0% vs. 9.0%), ISM Services (53.3 vs. 52.8).

Earnings:
Blyth (BTH).


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