Sunday, August 7, 2011

THIS WEEK'S MARKET MOVERS

chart
Courtesy of ChartsEdge
Monday:
Economic: Investors digest weekend S&P cut of US credit to AA+.

Earnings:
Dollar Thrifty (DTG), Silver Wheaton (SLW), Scotts MG (SMG), Tyson (TSN).

After Hours:
Clean Energy (CLNE), MGM (MGM), Mindray (MR), Otter Tail (OTTR), Youku (YOKU).

Tuesday:
Economic:  Q2 Productivity (-0.6%), FOMC Decision (0.25%).


Earnings:
Cablevision (CVC), DISH (DISH), Fossil (FOSL), James River (JRCC), AOL (AOL), Fuel Systems (FSYS).

After Hours: Cree (CREE), Harbin (HRBN), MBIA (MBI), SunPower (SPWRA), URS (URS), Disney (DIS).

Wednesday:
Economic:  MBA mortgage, Weekly crude, Wholesale Inv's (1.0%), Treasury Bud (prior -$165B).

Earnings:
Avnet (AVT), Computer Sciences (CSC), Harman (HAR), Macy's (M), Polo (RL).

After Hours:
Given investors collective reinvigorated, over-the-top concern of certain slowing economic growth leading to a double dip recession, tech giant Cisco's (CSCO) report is as important as any on the earnings front this week. Analysts expect the computer networking giant to post profits of $0.38 per share compared to the year ago's $0.43 per share.

Given Cisco has been disappointing the Street consistently the past few quarters with below-views guidance, bearish color commentary and shares near a two year double bottom that's about 50% below its April 2010 highs; its results could prove all the more important as incentive to move the broader market up or down. Disclosure: Author maintains an optimistic and currently underwater, long OTM call position in CSCO.  

Advance Auto (AAP), Home Inns (HMIN), IAMGOLD (IAG), InterOil (IOC), J-I-B (JACK), News Corp (NWSA), Pan Am Silver (PAAS).

Thursday:
Economic:  Weekly Claims (409K vs. 400K prior).

Earnings:
Briggs & Stratton (BGG), Kohl's (KSS), Royal Gold (RGLD), Sara Lee (SLE), SodaStream (SODA), Tim Horton's (THI), Wendy's (WEN).

After Hours:
Brinker (EAT), DeVry (DV), Emulex (ELX), Molycorp (MCP), Nordstrom (JWN), NVIDIA (NVDA), Red Robin (RRGB), Renren (RENN).

Friday:
Economic: Retail Sales (0.5% & 0.2% vs. 0.1% & 0.0%), Michigan (62.5), Bus Inv's (0.5%).


Earnings:
JC Penney (JCP). 

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