TheOptionMentor.com: THIS WEEK'S MARKET MOVERS

Monday, April 9, 2012

THIS WEEK'S MARKET MOVERS

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Monday:
Economic: Digestion of Friday's disappointing BLS March jobs report. Ongoing Middle East geopolitical / oil stresses and potential wild card credit market drivers out of Europe.

Earnings: Greenbrier (GBX), ENGlobal (ENG).

Tuesday:
Economic: Wholesale Inventories (0.5%).

Earnings: Supervalu (SVU).
After Hours: Alcoa (AA) kicks off Q1 earnings season. The aluminum giant and Dow constituent is expected to show a loss of ($0.03) compared to last year's profit of $0.28 per share.

Wednesday:
Economic: Weekly Crude, MBA Mortgage Index, Import / Export, Fed's Beige Book.

Earnings: Progressive (PGR), Titan (TITN).

Thursday:
Economic: Weekly Claims (355K), Continuing Claims (3.35M), PPI & Core (0.3% & 0.2%).

Earnings: Fastenal (FAST), LDK (LDK), Layne Christensen (LAYN), Rite Aid (RAD).

After Hours: Naz' giant Google (GOOG) is expected to produce earnings of $9.62 per share for bottom-line growth just north of 20%. Technically, shares look to be carving out a massive two-year, ascending base on the weekly chart with resistance of 670 – 680 and support from 550 – 565.

Other: JB Hunt (JBHT).

Friday:
Economic: CPI & Core (0.3% & 0.2%), Michigan (76.1).

Earnings: Infosys (INFY), JPMorgan (JPM), Shaw (SHAW), Wells Fargo (WFC).

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