Monday, May 28, 2012

THIS WEEK'S MARKET MOVERS

chart

Monday: US Markets Closed
Economic: Wildcard Eurozone credit markets spearheaded by limbo government / Eurozone status for Greece.

Earnings: 
NA

Tuesday: 
Economic: Case Shiller (-2.8%), Consumer Confidence (69.0).

Earnings: Scotiabank (BNS).

After Hours:
 Copart (CPRT), DryShips (DRYS), Enersys (ENS), Perfect World (PWRD).

Wednesday: 
Economic:  Weekly Crude, MBA Mortgage Index, Pending Homes (-1.0%).

Earnings: 
Fresh Market (TFM), Booz Allen Hamilton (BAH), Yingli (YGE).

After Hours: 
Coldwater Creek (CWTR), Lions Gate (LGF), TiVo (TIVO).

Thursday: 
Economic:  Challenger Jobs, ADP Employment (145K), GDP Q1 2nd Est. & Deflator (1.9% & 1.5%), Chicago PMI (57.5), Weekly Claims (370K), Continuing Claims (3.26M).

Earnings: Global mining machinery outfit Joy Global (JOY) is expected to announce profits of $1.97 per share compared to the year ago period's $1.52 on sales growth of 354% with actual revenues of $14.34B versus $10.62B. 

Technically, the weekly chart in JOY looks to be a standoff with bulls hoping for a seven month higher low double bottom to develop versus a more bearish and formidable inverse weekly cup or upside down "W" with handle which has formed after two lower highs dating back to April 2011.

Other: 
Ciena (CIEN), Phillips 66 (PSX).

After Hours: 
Esterline (ESL), OmniVision (OVTI), SAIC (SAI), Vera Bradley (VRA).

Friday: 
Economic: BLS May Jobs: NF Payrolls (155K), NF Private (172K), Unemployment (8.1%), Inc, Spend & PCE (0.3%, 0.3% & 0.2%), ISM (54.0), Construction Spend (0.5%), Auto & Truck. 

Earnings:
 N/A.

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