TheOptionMentor.com: THIS WEEK'S MARKET MOVERS

Monday, September 12, 2011

THIS WEEK'S MARKET MOVERS

chart

Monday:
Economic: NA.
Earnings: Brady (BRC).

Tuesday:
Economic:  Import/Export, Treasury Budget (-$132B).

Earnings: Earnings doesn't get any more boring than this week other than big box electronics retailer Best Buy (BBY) reporting Tuesday morning and to a lesser extent RIM (RIMM) on Thursday evening. Analysts expect Best Buy to show a dip in profits from the year ago's $0.60 per share to $0.52.

Technically, shares of BBY are putting together an all-too-common and rather enigmatic congestion pattern. The best that can be said is at some point soon the price action is likely to reveal itself as either a bearish flag or a corrective base and springboard for higher prices.

Other: Cracker Barrel (CBRL).

Wednesday:
Economic:  Weekly Mortgage Index, PPI & Core (0.0% & 0.2% vs. 0.2% & 0.4%), Retail Sales & ex Auto (0.2% & 0.3% vs. 0.5% & 0.5%), Business Inv (0.5%), Weekly Crude.

Earnings: CLARCOR (CLC).

Thursday:
Economic:  Weekly Claims (410K vs. 414K), Continuing (3.70M), CPI & Core (0.2% & 0.2% vs. 0.5% & 0.2%), Empire (-4.0 vs. -7.7), IP & CU (0.0% & 77.4%), Philly Fed (-10.0).

Earnings: Pier 1 (PIR), Marcus (MCS).

After Hours: AAR Corp (AIR), Diamond Foods (DMND).

Friday:
Economic: Michigan Sentiment (56.3).

Earnings: NA.

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