THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Tuesday:
Economic: Empire (12.0 vs. 10.57 prior), Net LT TIC ($27.6B prior) and NAHB Index (16 vs. 16 prior).

Earnings:  Citigroup (C), Delta (DAL), Fastenal (FAST), Forest Labs (FRX), NO Ed & Tech (EDU), Origin Agritech (SEED) and Ameritrade (AMTD).
After Hours: "Tech!! Tech!! Tech!!" ADTRAN (ADTN), Cree (CREE), IBM (IBM), Linear Tech (LLTC) and Western Digital (WDC). In the spotlight for Tuesday's crop of large cap tech offerings is reigning "i-Everything" gadget king and the market's second highest capitalization company, Apple (AAPL).

Analysts expect Apple to grow profits from last year's $3.67 per share to a harvest of $5.39. The institutional favorite will likely need to produce sweet forecast for 2011 if shares are to sprout past its all time highs set last week, gains of 16% since September and nearly 65% since January 2010.

Wednesday:
Economic: Housing Starts & Permits (550K vs. 555K and 560K vs. 530K), MBA Mortgage Purchase Index (2.2% prior).

Earnings: "Bankers!! Bankers!! Bankers!!" Premarket will be dominated by influential large cap banking reports from Goldman (GS), Northern Trust (NTRS), State Street (STT), US Bancorp (USB), Wells Fargo (WFC) and Bank of NY (BK).

Others AM: Amphenol (APH), ASML (ASML)

After Hours: eBay (EBAY), recent SP-500 add and Cramer "FADSCAN" constituent F5 Networks (FFIV), Raymond James (RJF), Seagate (STX), SLM (SLM) and Xilinx (XLNX).

Thursday:
Economic: Weekly Claims (425K vs. 445K), Continuing (3.9M vs. 3.87M), Existing Homes (4.80M vs. 4.68M prior), Leading Indicators (0.6% vs. 1.1% prior), Philly Fed (20.5 vs. 20.8 prior), Crude weekly inventories.

Earnings: Freeport (FCX), Huntington (HBAN), Johnson Controls (JCI), Morgan Stanley (MS), Parker Hannifin (PH), Progressive (PGR), Southwest Air (LUV), Union Pac (UNP), UnitedHealth (UNH).

After Hours: Advanced Micro (AMD), Cap One (COF), Flextronics (FLEX), Google (GOOG), Intuitive Surgical (ISRG), Maxim (MXIM), Synaptics (SYNA), Skyworks (SWKS), Tempur-Pedic (TPX) and Wipro (WIT).

Friday:
Economic:  NA.

Earnings: Dow components and financial giant BofA (BAC) and conglomerate General Electric (GE) in the spotlight. Analysts expect the of late, hoisted Anchor Banker to produce profits of $0.15 compared to last year's loss of -$0.60 per share. GE will attempt to bring good things to life for shareholders by announcing a profit increase of about 14% to $0.32 per share.

Others: Products (APD), Airgas (ARG), Schlumberger (SLB) and SunTrust (STI).

 

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: No official US reports but over the weekend China announced its economy grew nearly 10% during 2010 with domestic retail sales growth of 18.5% a key driver. Top officials maintain the country has the "confidence, conditions and capability to maintain long-term stable and fast economic growth."

Earnings:  Dow component and aluminum giant Alcoa (AA) reports after the bell and unofficially kicking off the Q4 earnings season. Analysts expect profits of $0.19 per share compared to year-over-year $0.01. Technically, shares of AA have enjoyed outsized Q4 run of about 60% and back to its best levels since January 2010 in deep cup-shaped weekly base.

Others: AM: Acuity (AYI) Helen of Troy (HELE) and SMSC (SMSC). After Hours: Naz'100 component Apollo (APOL).

Tuesday:
Economic: Wholesale Inventories (1.3%).

Earnings:  Lennar (LEN), Supervalu (SVU), HB Fuller (FUL) and Synnex (SNX).

Others:
Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Import / Export, Treasury Bud and Fed's Beige Book.

Earnings: CLARCOR (CLC).

Thursday:
Economic: Weekly Claims (420K vs. 409K), Continuing (4.07M vs. 4.10M), PPI & Core (0.7%, 0.2%) and Trade Balance (-$40.6B).

Earnings: Naz' 100 component and India-based IT giant Infosys (INFY) releases before the opening bell. Analysts expect profits of $0.66 versus last year's $0.59 per share. Shares of INFY are just off all-time-highs after run of about 37% during fourth quarter and approximately 5% above a "W" shaped base breakout.

After Hours: Naz' constituent and world's largest but increasingly dismissed semiconductor outfit Intel (INTC) set to report. Analysts expect profits of $0.53 vs. prior year's $0.40. Technically, shares look to be at a major crossroad with bearish two-month long H & S top taking on more recent bullish Golden Cross and contrarian positioning below both key long-term moving averages.

Friday:
Economic:  CPI & Core (0.4%, 0.1%), Retail Sales (0.7%, ex-auto: 0.6%), IP & CU (0.4%, 75.5%), Michigan (75.0), Business Inventories (0.7%).

Earnings: Dow component and money center banker JP Morgan Chase (JPM) is expected to produce earnings of $0.99 per share compared to prior $0.74 per share. JPM, along with financial cronies have outperformed during past month but underperformed during 2010. Friday's Supreme Court ruling should continue to influence trading early next week.

 

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Construction Spending (0.2% vs. prior 0.7%), ISM Index (57.3 vs. 56.6).

Earnings:  NA.

Tuesday:
Economic: Factory Orders (-0.4% vs. -0.9%), FOMC Minutes, Truck & Auto Sales (5.3M, 3.7M).

Earnings:  Aggie Mosaic (MOS) is in the spotlight. Analysts expect profits of $0.91 per share representing earnings growth of nearly 185%.

Technically, shares of MOS are in a bullish position with the stock about 2% above prior week's breakout from a nine-week long cup-shaped base wedged at YTD highs from January. Strong fundamentals per IBD, liquid listed options and strong volatility characteristics make MOS a potential dynamic collar candidate.

Others: AngioDynamics (ANGO), Sonic (SONC) and Team (TISI).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Challenger Job (prior -3.3%), ADP (100K vs. 9,300), ISM Services (55.7 vs. 55.0).
 
Earnings: Family Dollar (FDO), UniFirst (UNF). After Hours: Resources Connect (RECN), Ruby Tuesday (RT).

Thursday:
Economic: Weekly Claims (405K vs. 388K), Continuing Claims (4.07M vs. 4.128M).

Earnings: Seed giant Monsanto (MON) is expected to turn a slight profit of $0.02 per share compared to prior year's equally slender loss of -$0.02.

Technically, shares of MON enjoyed a strong quarterly run of about 45% into the yearend but underperformed during 2010 with the stock off about -15%. MON is currently facing a key weekly chart test of a downtrend resistance line and bear flag extension line dating from Nov 2008.

Others: Constellation Brands (STZ), and RPM (RPM). After Hours: Global Payment (GPN), IHS (IHS), Immucor (BLUD), Shaw (SHAW) and Xyratex (XRTX).   

Friday:
Economic:  "BernankeSpeak", December Jobs (132K vs. 39K), Private Payrolls (142K vs. 50K), Unemployment (9.8% vs. 9.8%), Consumer Credit (-$2.5B vs. $3.4B).

Earnings: AZZ (AZZ), KB Home (KBH), PriceSmart (PSMT) and Robbins & Myers (RBN).

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Cal-Maine Foods (CALM).

Tuesday:
Economic: Case Shiller (-0.2% vs. prior -0.59%), Consumer Confidence (56.1 vs. 54.1).

Earnings:  NA.

Wednesday:
Economic: Weekly Crude data, Mortgage Apps (prior -18.6%).

Earnings: Imperial Sugar (IPSU).

Thursday:
Economic: Weekly Claims (416K vs. 420K & 4.03M vs. 4.064M), Chicago PMI (62.5 vs. 62.5), Pending Home Sales (-1.8% vs. 10.4%).

Earnings: NA.

Friday: (End of Quarter NYSE Open)
Economic:  NA.

Earnings: NA

 

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Jeffries (JEF). After Hours: Adobe (ADBE), Darden (DRI), Jabil (JBL) and Paychex (PAYX).

Tuesday:
Economic: NA.

Earnings:  Two of the week's most closely-watched reports will likely prove to be cruise operator Carnival (CCL) in Tuesday's premarket and Nike (NKE) in the after hours session as the health of discretionary spending by consumers will be in the spotlight.

Analysts expect Carnival to post profit growth of 33% on earnings of $0.32 per share. Technically, shares faltered slightly last week but have continued to hold 50SMA support and maintain recent pivot lows as part of a weekly handle developing within a seven week long base off marginal intermediate highs.

For its part, athletics giant Nike is set to show profits of $0.88 per share and up from last year's $0.76. Technically speaking, shares have been trendy in beating the broader averages with YTD gains of about 40% to all-time-highs, up about 16% since its last report. NKE's positioning makes it prone to modest profit-taking on good results but at the same time, doesn't look overtly-extended and the $100 mark about 11% removed from current levels.

Other: CarMax (KMX), Commercial Metals (CMC), ConAgra (CAG). After Hours: Cintas (CTAS), Finish Line (FINL), Hovnanian (HOV), Red Hat (RHT), TIBCO (TIBX).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Q3 GDP 3^rd (2.7%), Deflator (2.3%), Existing Homes (4.65M vs. prior 4.43M), FHFA Home Price Index (prior -0.7%).

Earnings: Lindsay (LNN), Walgreens (WAG). After Hours: Bed Bath & Beyond (BBBY), Christopher & Banks (CBK), Micron (MU).

Thursday:
Economic: Weekly Claims (424K, 4.07M), Inc & Spend (0.2% vs. prior 0.5% & 0.5% vs. 0.4%), PCE Core Prices (0.1% vs. prior 0.0%), Durable Orders (-1.0% vs. -3.3%; ex-trans 1.0% vs. -2.7%), Michigan (75.0 vs. 74.2), New Home Sales (303K vs. prior 283K).

Earnings: NA.

Friday: Christmas Holiday
Economic:  NA.

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  NA.

Tuesday:
Economic: PPI & Core (0.5%, 0.2%), Retail Sales (0.5%, Ex: 0.6%), Business Inv's (1.1%) and FOMC Decision on Rates (0.25%).

Earnings:  In the spotlight, consumer electronics retailer Best Buy (BBY) is expected to grow profits by approximately 15% on earnings of $0.61 per share. Technically speaking, shares of BBY have put together a 35% deep corrective weekly cup of seven months. Of late and on bulls radars, shares have carved out a handle of five weeks and roughly 9% in depth, high in the right side of the base.

Other: FactSet (FDS), Imperial Sugar (IPSU), Pantry (PTRY), Sanderson (SAFM). After Hours: Hovnanian (HOV), The9 Ltd (NCTY).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, CPI & Core (0.2%, 0.1%), Empire (3.0), Net Long-Term TIC Flows, IP & CU (0.3%, 75%), NAHB (17.0).

Earnings: NASDAQ 100 component and mining machinery outfit Joy Global (JOYG) is expected to show a slight drop in profits from $1.20 to $1.16 per share. With shares extended about 20% above most recent base breakout levels, just off best levels in two-plus years and 10% from ATHs; the company's outlook should prove an important trigger for bulls (and bears).

After Hours: AAR (AIR), ABM (ABM), HEICO (HEI), Herman Miller (MLHR), Nordson (NDSN).
  
Thursday:
Economic: Weekly Claims (425K, 4.07M), Housing Starts & Permits (545K, 558K), Current Balance (-$125.3B), Philly Fed (12.5).

Earnings: FedEx's (FDX) earnings package is in the spotlight. The economic bellwether is expected to grow profits by 19% to $1.31 per share. Technically, shares are nearing cup highs within its near 8-month long base after breaking out on heavy volume, above its handle pivot of $90.63 several sessions ago and consolidating those gains last week.

Other: Discover (DFS), General Mills (GIS), Pier 1 (PIR), Rite Aid (RAD), Winnebago (WGO).

After Hours: Business software / database giant Oracle (ORCL) and smart phone manufacturer RIM (RIMM) are in focus. Oracle is expected to show profit growth of 18% on earnings of $0.46 per share. Technically, shares of ORCL have just scored fresh nine year highs from a short six week cup structure on weak volume, putting the burden of proof and reasons to refrain from "profit-taking" on bulls shoulders.

For its part, RIM is expected to produce profits of $1.64 per share compared to the year ago's $1.10. Technically, shares have been a strong under-performer in large cap tech but recently staged a successful-looking bottoming cup-with-handle breakout which suggests a better 2011 for bulls.

Other: Accenture (ACN), Applied Signal (APSG), Quicksilver (ZQK), Steelcase (SCS), Take-Two (TTWO).

Friday:
Economic:  Leading Indicators (1.2%).

Earnings: Cruise line operator Carnival (CCL) reports. Company is expected to earn $0.34 per share compared to the year ago's $0.24 per share. Technically, high-handle development of six weeks on good volume characteristics at two-plus year highs suggests further smooth sailing could be shaping up.

___________________________________________________________________

THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings:  Pep Boys (PBY).

Tuesday:
Economic: October Consumer Credit [-$2.3B vs. prior -$2.1B].  

Earnings:  In the spotlight, retail auto parts giant AutoZone (AZO) is expected to grow profits by 20% on earnings of $3.40 per share. Technically speaking, shares are aggressively-priced and ripe for profit-taking on very "trendy" Fibonacci cycle / run of 13 months that's hugged its 8-week SMA while nearly doubling in price during its northward travels to fresh all-time-highs.

Other: Talbots (TLB), Layne Christensen (LAYN), Toro (TTC). After Hours: Casey's (CASY), Cooper (COO), H&R (HRB), Men's Wearhouse (MW).  

Wednesday:
Economic: Weekly Crude data, MBA Mortgage Apps.

Earnings: United Nat Foods (UNFI). After Hours: Comtech Telecom (CMTL), Diamond Foods (DMND), Greif (GEF), Martek (MATK), Oxford (OXM), SAIC (SAI), Smith & Wesson (SWHC).

Thursday:
Economic: Weekly Claims [430K, 4.25M], Wholesale Inv's [0.8% vs. prior 1.5%].

Earnings: Brown Forman (BF.B), Ciena (CIEN), Lululemon (LULU), Smithfield (SFD), Titan (TITN).

After Hours: Semiconductor muscle National Semi (NSM) is expected to show profit growth of 60% on earnings of $0.32 per share. Technically, back-to-back gains of nearly 8.50% put shares in the upper right side of its 8-month long corrective base and have helped the sector (SMH) to its own relative strength leadership position in securing fresh intermediate highs.

Others: Esterline (ESL), Pall Corp (PLL), SeaChange (SEAC).  

Friday:
Economic:  Import / Export, Trade Balance [-$44.4B], Michigan Sentiment [72.5 vs. prior 71.6], Treasury Budget [-$134B].
___________________________________________________________________