THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Japan Import / Export data for August forecasted to show increase from 15.7 to 17.5 and drop from 23.5 to 19.0 respectively. China Industrial Profits August (Prior 81.6%).

Earnings:  Cal-Maine (CALM), Zale (ZLC). After The Close: Jabil (JBL), Paychex (PAYX).
 
Other Notables:  Ultra-light earnings front and most companies entering "quiet period" in front of the Q3 season means economic data from overseas and a full stateside calendar beginning with housing and sentiment data on Tuesday, will take on likely added importance. With expectations reduced on growing recovery fears and possibly a double dip scenario unfolding; positive data and even "better-than-feared" results could prove to be stronger-than-otherwise catalysts / supports to drive the market higher.   

Tuesday:
Economic: Case-Shiller 20 (3.4% vs. prior 4.23%), Consumer Confidence Sept (52.9 vs. 53.5).

Earnings:  Walgreens (WAG). After the Close: Sealy (ZZ), SMSC (SMSC).

Wednesday:
Economic: Weekly Crude data.

Earnings: Actuant (ATU), Family Dollar (FDO). After the Close: Synnex (SNX), Xyratex (XRTX).

Thursday:
Economic: Weekly Claims expected to pull in slightly at still-elevated 457,000 following unexpected spike to 465,000. "Three times the charm" reading of Q2 GDP is forecast to show flat 1.6% reading and flat deflator indicator of 1.9%. Chicago PMI (56.0 vs. prior 56.7).

Earnings: McCormick (MKC). After The Close: Accenture (ACN), Christopher & Banks (CBK),

Friday:
Economic:  Income & Spending August (0.3% vs. 0.2% & 0.3% vs. prior 0.4%), PCE Prices Core (0.1% vs. 0.1%), Final Sept Michigan Sentiment (67.1 vs. 66.6) and Construction (-0.5% vs. -1.0%).

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NAHB Market Index expected to show one point increase to 14.0 for September.

Earnings:  Discover Card (DFS) and Lennar (LEN). The homebuilder is expected to turn a nickel profit following last year's -$0.97 loss per share.
 
Other Notables:  Bulls will be looking for follow-through in price following key consolidation phase of past week above 200SMA. Always critical FOMC decision on Tuesday will be dissected for clues on future rate policy. Fed funds are expected to remain at 0.25%.

Also on the radar, housing data and homebuilders' earnings (XHB) results will be delivered throughout the week beginning with Lennar and NAHB reading on Monday. Tickers of influence include Black gold (USO) which reasserted bearish flag patterns last week and iShares 20-Yr (TLT) which broke key 50SMA uptrend support.

Tuesday:
Economic: Housing Starts & Permits (550K vs. 546K prior & 560K vs. 559K) and Monthly FOMC Decision (0.25% fed funds).

Earnings:  AutoZone (AZO), Carnival (CCL), ConAgra (CAG), FactSet (FDS). After the Close: Adobe (ADBE), Cintas (CTAS), Darden (DRI) and Progress (PRGS).

Wednesday:
Economic: Weekly Crude data.

Earnings: CarMax (KMX), General Mills (GIS), Jeffries (JEF). After the Close: Bed Bath & Beyond (BBBY), Red Hat (RHT), IHS (IHS) and Steelcase (SCS).

Thursday:
Economic: Weekly Claims expected to show flat but still-elevated 450,000. Existing Home Sales for August pegged at 4.04M compared to prior reading of 3.83M. Leading Indicators (0.1% vs. 0.1% prior).

Earnings: In the spotlight, after the close sports equipment / apparel goliath Nike (NKE) reports. Analysts expect a decline an approximate -4.00% drop in earnings on profits of $1.00 per share.

Will bulls be running from or vaulting into NKE shares? Technically, NKE is carving out a bullish four-month long cup-shaped pattern as part of a larger near one-year long base-on-base after scoring all-time-highs. PS Elliott has a weekly W4 in progress with mid TAPP of near $90 by late January 2011.

Before the Open: Rite Aid (RAD), Texas Industries (TXI). After the Close: Comtech (CMTL), Finish Line (FINL), TIBCO (TIBX).

Friday:
Economic:  August Durable Orders (-1.3% vs. 0.4% and ex Transport: 0.7% vs. -3.7%) and New Home Sales (290K vs. 276K prior).

Earnings: KB Home (KBH) is expected to show -$0.15 per share loss compared to last year's -$0.87 per share result.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Treasury Budget (-$95.0B).

Earnings:  Third tier and typical quiet Monday with Matrix (MTRX) and HB Fuller (FUL) reporting.

Other Notables:  Bulls will be looking for follow-through in price following optimistic consolidation phase of past week. Tickers of influence include Black gold (USO) attempting to break bearish flag patterns and iShares 20-Yr (TLT) testing uptrend supports with doji finish on Friday.

Tuesday:
Economic: Consumers in focus with August retail sales data and Best Buy report. Analysts expect total and ex-auto retail sales figures to increase by 0.3% compared to July's 0.4% and 0.2% readings. Business Inv's (0.8% versus 0.3% prior).

Earnings:  Consumer electronics giant Best Buy (BBY) reports before the open. Analysts expect a near 20% profit increase on earnings of $0.44 per share. Combo of technical laggardship and positive outlook could provide necessary spark (with retail sales data) to lift market bulls through 200SMA in SP-500. Others: Cracker Barrel (CBRL), Kroger (KR) and Pall (PLL).

Wednesday:
Economic: Weekly Crude data, NY Empire (5.0 vs. 7.1 prior), Import / Export, IP & CU (0.3%, 75.0).

Earnings: AAR (AIR), CLARCOR (CLC) and Dress Barn (DBRN).

Thursday:
Economic: Weekly Claims (460K vs. 451K), PPI & Core (0.3%, 0.1% vs. 0.2%, 0.3% prior) and Philly Fed (0.0 versus prior -7.7).

Earnings: In the trader spotlight, air / ground transport giant and economic bellwether FedEx (FDX) is expected to show profits of $1.20 per share compared to year ago's $0.58.

Technically, FDX shares have lifted slightly into position of relative strength with 200SMA acting as support but weekly showing popular H & S pattern as still intact. Others: Discover (DFS) and Pier 1 (PIR).

After Hours: Tech giants Oracle (ORCL) and RIM (RIM) will likely help dictate Friday's market mood with outlooks on business spending environment.

Analysts expect 20% profit jump to $0.36 per share from Oracle whose shares soared nearly 10% last week on former HP head Mark Hurd taking on co-Prez' role. Others: CKE (CKR) and Herman Miller (MLHR).

Friday:
Economic:  CPI & Core (0.2%, 0.1% vs. 0.3%, 0.1%) and Michigan (70.0 vs. 68.9 prior).

Earnings: NA.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Tuesday:
Economic: NA.

Earnings:  Casey's General (CASY) in the AM expected to bring in earnings of $0.81 per share compared to year ago $0.87. Technically, shares sit in a near five-month long cup-shaped base at all-time-highs after forging a handle breakout last week.

After Hours: Navistar (NAV), Pep Boys (PBY) and Phillips-Van Heusen (PVH).

Other Notables:  Strong M&A activity of late sets stage for corporate headline support entering the week. Bulls will be looking for additional follow-through in price and sentiment of past several sessions and even further removed from recent double dip / recovery anxieties during rather light week for scheduled market moving catalysts.

Stubbornly bearish technicals in black gold (USO) and support positioning in iShares 20-Yr (TLT) for swing higher following fairly stiff three-day sell-off are likely canary tickers of interest for bulls.

Wednesday:
Economic: Weekly Crude data, Fed's Beige Book, Consumer Credit (-$5.25B).

Earnings: Ciena (CIEN), Hi-Tech Pharma (HITK), Smithfield (SFD), Talbots (TLB), Utd Nat Foods (UNFI).

After Hours: Men's Wearhouse (MW), Shanda Games (GAME) and Shuffle Master (SHFL).

Thursday:
Economic: Weekly Claims (470K, 4.44M), Trade Balance (-$47.2B).

Earnings: Korn/Ferry (KFY), Piedmont (PNY) and Stewart Enterprises (STEI).

After Hours: National Semi (NSM) expected to show profits of $0.35 compared to year ago's $0.13 per share. Technically, NSM is highly-correlated with Semi HLDRs (SMH). NSM and SMH sport intact downtrend with 50 and 200SMA resistance following successful test of weekly supports.

Friday:
Economic:  Wholesale Inventories (0.4%).

Earnings: Brady (BRC) and specialty athletic apparel brand Lululemon (LULU). Lululemon forecasted to grow profits from $0.13 per share to $0.24. Technically, LULU broke lateral supports into bear territory below the 200SMA over past two weeks. Currently, shares have rallied into testing position of potential resistance.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Inc & Spend (0.2% vs. 0.0% and 0.3% vs. 0.1%), PCE Prices Core (0.1% vs. 0.0%).

Earnings: Ultra quiet Monday with pollution management outfit Donaldson (DCI), bio-aggie Origin Agritech (SEED) and grocer Winn-Dixie (WINN) looking to bag some investment dollars.    

Other Notables:  Another strong week for M&A activity sets up token and supportive "Merger Monday." Bulls will be looking for follow-through in price and sentiment from Friday on further easing of anxiety-riddled economic recovery / double dip pains with associated tickers of interest (FXE, UUP, TLT, USO, GDX, XLB and GLD) in the spotlight. Flood of economic data running the gamut on housing, sentiment and manufacturing hits the tape this week finishing off with Friday's monthly jobs data.

Tuesday:
Economic: Case Shiller 20 City Index (57.5 vs. 62.3), Chicago PMI (57.5 vs. 62.3), August Consumer Confidence (50.0 vs. 50.4), FOMC Minutes.

Earnings:  Discount retailer Dollar General (DG) and footwear specialty shop DSW (DSW) gain a bit of potential spotlight traction in otherwise light third-tier reporting (ENER, ABM and APSG) Tuesday.

Wednesday:
Economic: Weekly Crude data, ADP (13K vs. 42K), Construction (-0.7% vs. 0.1%), ISM (53.0 vs. 55.5), Auto / Truck (3.9M vs. 3.8M and 5.1M vs. 5.14M).

Earnings: Spotlight report of the week from NASDAQ 100 component and heavy machinery giant Joy Global (JOYG). Company is expected to show 16% year-over-year decline in profits on earnings of $1.02 per share. Technically, shares have managed to hold relative strength positioning with loose five-week long flat base structure within weekly uptrend.

After Hours schedule features recent growth upstart China Green Agriculture (CGA) and still nicely packaged" but somewhat thinly-traded container outfit Greif (GEF). Other tickers: (SAI, OXM, HOV and MATK) of interest.

Thursday:
Economic: Weekly Claims (475K vs. 473K), Q2 Productivity Rev. (-1.6% vs. -0.9%), Unit Labor (1.1% vs. 0.2%), Factory Orders (0.0% vs. -2.6%), Pending Homes (0.0%, -2.6%).

Earnings: Del Monte (DLM), Layne Christensen (LAYN), Movado (MOV), UTI Worldwide (UTIW).

After Hours: (COO, ARST, HRB, FNSR, ULTA, TTWO).

Friday:
Economic:  August Nonfarm Payrolls (-118K vs. -131K, Private: 42K vs. 71K), Unemployment (9.6% vs. 9.5%), ISM Services (53.2 vs. 54.3).

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NA.

Earnings: Light Monday morning kick-off (SAFM, KNSY) with Tuesday Morning (TUES), ironically enough, a wake-up call for a few involved investors. China-based media / ad concern Focus Media (FMCN) reports after the closing bell.   

Other Notables:  Following strongest weekly M&A action for August since 2006, "Merger Monday" possibly in-play. Last week's second half theme of concern for strength of economic recovery or double dip will be on the radar (FXE, UUP, TLT and GLD) as a market mover. 

Tuesday:
Economic: Existing Home Sales expected to produce reading of 4.75M units for July compared to prior 5.37M

Earnings: Light schedule of familiar but second-tier reports (BKC, DAKT, MDT and TSL) with retailers Barnes & Noble (BKS) and discount outlet Big Lots (BIG) in the spotlight. 

Wednesday:
Economic: Weekly Crude data, Durable Orders & ex-Trans (3.1% vs. -1.2% and 0.5% vs. -0.9% prior) and flat New Home Sales of 330K.

Earnings: Third-tier retail (BWS, CWTR, PERY) led by second-tier American Eagle (AEO). Homebuilder Toll Bros (TOL) in expected to show loss of -$0.14 compared to year ago's -$2.93 per share. Technically, shares have been busy building a low level, flat base foundation for the past two months. 

After Hours schedule features retailer Guess? (GES), communication equipment outfit JDS Uniphase (JDSU), TiVo (TIVO) (need we say more?) and recent IPO rue21 (RUE).

Thursday:
Economic: Weekly Claims expected to improve with -15,000 drop to 485,000 after striking multi-month high. Continuing Claims (4.51M vs. 4.47M).

Earnings: NASDAQ 100 component Patterson (PDCO) leads for mostly third tier sub $15 crop (APWR, DHT, CONN, GRB and FRED).  

After Hours has retailer J. Crew (JCG) on display with analysts expecting profits of $0.46 per share compared to last year's $0.29. Solid mix of small to midcap tech outfits (ARUN, IRF, MCRS, NZ, NOVL, OVTI and SLH) releasing.  

Friday:
Economic:  Q2 GDP Second Est. & Deflator (1.4% vs. 2.4% and flat 1.8%), Michigan Final August (69.4 vs. 69.6).

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: NY Empire (7.5), NLT TIC Flows, NAHB Housing Index (14).

Earnings: Light Monday morning kick-off (JKS, SYY, VAL) but home improvement retailer Lowe's (LOW) kicks off busy week of diverse retail confessionals.

Quiet after hours (IOC, RINO and PWRD) with tech outfit Agilent (A) and Urban Outfitters (URBN) headlining within second tier reports.

Other Notables:  Usual suspects of potential "Merger Monday" (GENZ) headlines and European-based economic chills or thrills (FXE, UUP, TLT and GLD). The Dream Police are out Monday and Tuesday with triple play of housing data.

Tuesday:
Economic: Housing Starts & Bldg P's (555K, 573K), PPI & Core (0.2%, 0.1%), IP & CU (0.6%, 74.5%).

Earnings: "Retail, Retail, Retail!" as sector and index muscle (ANF, HD, SKS and TJX) make for an important tone-setting session Tuesday. In the spotlight, Dow component and world's largest discount retailer Wal-Mart (WMT) is expected to grow profits by 10% to $0.97 per share.

Technically, WMT has mimicked SP-500's own performance of last couple sessions in giving up its 50-SMA on a bearish price gap while remaining in a position of overall weakness in recent weeks by failing to clear overhead 200SMA resistance.

After Hours tape includes: (ADI, BOBE, LZB and LFT). 

Wednesday:
Economic: Weekly Crude data.

Earnings: More retail (BJ, CHS, CTRN) with department store operator Target (TGT) in investors sights, while Dow component and heavy machinery giant Deere (DE) will be in investors headlights.

Analysts expect profit growth of 23% for Deere on earnings of $1.22 per share, outlook for "green shoots" economic story should be key focus. Traders look to expect good deal more as shares remain strong technical outperformer with current four day pullback into weekly support off YTD highs. Others: (STP and DGW).
 
Busy after hours with NASDAQ tech components (AMAT, BRCD, NTAP, NTES, OTEX and SNPS) and continued releases out of retail names (GYMB, HOTT, LTD and PETM) in the mix.

Thursday:
Economic: Weekly Claims (475K, 4.50M), Leading Indicators (0.2%), Philly Fed (7.5).

Earnings: Heavy retail (PLCE, DKS, DLTR, GME, ROST, SHLD, SPLS) premarket radar. Others: (YGE, TTC, TECD, NM). Second straight after hours of tech / retail partnership: Dell (DELL), Hewlett (HPQ), Salesforce (CRM), Gap (GPS), Aeropostale (ARO) and Zumiez (ZUMZ). Others: (BCSI, INTU, MRVL, VRGY and FL)

Friday:
Economic:  NA
Earnings: AnnTaylor (ANN), Corinthian (COCO), Hibbett (HIBB), Hormel (HRL), Kirklands (KIRK).

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