Sunday, June 24, 2012

THIS WEEK'S MARKET MOVERS

chart 

Monday: 
Economic: New Home Sales (350K). Wildcard Eurozone credit markets with Spain's record yields and bad loan situation, as well as Greece's new coalition government still likely targets for daily drivers stateside.

Earnings: 
Apollo (APOL), HB Fuller (FUL), Synnex (SNX).

Tuesday: 
Economic: Consumer Confidence (63).

Earnings: LDK Solar (LDK), Robbins & Myers (RBN).

After Hours: H & R Block (HRB), Sealy (ZZ).

Wednesday: 
Economic:  Weekly Crude, Durable Orders (1.0%, 0.0%), Pending Homes (1.0%).

Earnings: 
Commercial Metals (CMC), Gen Mills (GIS), Lennar (LEN), Lindsay (LNN), McCormick (MKC), Monsanto (MON).

After Hours: 
Herman Miller (MLHR), Paychex (PAYX), Progress Sftwr (PRGS).

Thursday: 
Economic:  Weekly Claims (385K), Continuing Claims (3.29M), GDP Q1 3rd Est. (1.9%, Deflator 1.7%).

Earnings: Family Dollar (FDO), Schnitzer Steel (SCHN), Worthington (WOR).

After Hours:
 Retail athletics giant Nike (NKE) reports after the close. Analysts expect profit growth of about 10.5% on earnings of $1.37 per share on sales of $6.5B compared to the prior year's $5.1B. Technically, shares are showing mixed signals. On the daily, a complex H & S top is being confirmed with a bearish flag built around a test of its 200SMA, which broke marginally lower during Thursday's session. The weekly view looks a bit more approachable for bulls as shares look to establish a W4 weekly low off 50-Week SMA support.

Other: Accenture (ACN), RIM (RIMM), TIBCO (TIBX).

Friday: 
Economic: Income & Spending (0.0%, 0.1%), PCE (0.2%), Chicago PMI (52), Michigan (73).

Earnings:
 NA.

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