THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Net TIC Flows (prior $61.2B), IP & CU (0.2%, 74.8%), NAHB Index (13.0 vs. 13.0 prior).

Earnings:  Embattled / government indentured Citigroup (C) is in the spotlight. Analysts expect the financial giant to turn a profit of $0.06 per share versus the year ago's loss of -$0.27. Technically, shares have been pressured along with other big banks past week with the stock now hitting "flat" 50 and 200SMA support and midpoint within 5-month long 20% wide lateral consolidation.

Others: Halliburton (HAL) and Hasbro (HAS).

After Hours: Large cap tech dominates the scene with Apple (AAPL), the market's No.2 most heavily weighted, Dow component IBM (IBM) and cloud computing play VMware (VMW), all in play.

Apple is expected to produce profits of $4.08 compared to prior year's $1.82. Technically, expectations are prone to profit-taking entering report with shares of AAPL gaining about 30% since September to all-time-highs.

Others: Crown (CCK), Steel Dynamics (STLD) and Zions Bancorp (ZION).

Notable:  Q3 earnings season will see its first week of heavy and influential reporting beginning with Monday's marquee and muscle-worthy enlistees discussed above.  On the economic side, bulls and bears will see a lighter schedule. Fed's Beige Book on Wednesday is one likely market mover as investors look to further clues on quant easing "QE" by Fed at its early November meeting.

Tuesday:
Economic: Housing Starts & Permits (575K, 565K).

Earnings:  Financials in the spotlight with BofA, Goldman (GS) and State Street (STT) setting the tone. Others: Coca Cola (KO), EMC (EMC), Harley (HOG), Illinois Tool (ITW), J&J (JNJ), MGIC (MTG), NY Times (NYT), Peabody (BTU), UnitedHealth (UNH), Weatherford (WFT).

Featured, Dow component BofA (BAC) expected to post a profit of $0.16 vs. last year's loss of -$0.26. Under increased investor strain related to political foreclosure wrangling last week, shares of BAC hit 52-week lows on massive two day sell-off.

After Hours: Altera (ALTR), Cree (CREE), Gilead (GILD), Intuitive Surgical (ISRG), Stryker (SYK), Tupperware (TUP), Western Digital (WDC) and Yahoo! (YHOO).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps and Fed's Beige Book. The anecdotal report on economic conditions throughout various US regions will be latest report for bulls to confirm QE announcement from Fed.

Earnings: Altria (MO), AMB (AMB), AMR (AMR), Blackrock (BLK), Boeing (BA), Delta (DAL), Eaton (ETN), Genzyme (GENZ), M&T (MTB), Morgan Stanley (MS), Stanly B&D (SWK), US Air (LCC) and Wells Fargo (WFC).

After the Close: Amylin (AMLN), Core Labs (CLB), eBay (EBAY), Netflix (NFLX), Noble (NE), Schnitzer (SCHN), Seagate (STX), and Xilinx (XLNX).

Thursday:
Economic: Weekly Claims (455K vs. 462K prior), Continuing Claims (4.40M vs. 4.39M), Leading Indicators (0.3% vs. prior 0.3%) and Philly Fed (1.4 vs. prior -0.7).

Earnings: Dow components AT&T (T), Caterpillar (CAT), McDonalds (MCD) and Travelers (TRV) lead another heavy a.m. session (BBT, CAL, CY, DHR, DO, FITB, HBAN, NUE, NTRS, NVR, PCX, PM, LUV, STI, VFC, XRX) of reporting.

Other notables include copper mining giant Freeport (FCX), railroad operator Union Pacific (UNP), air and ground specialist (UPS) and "Best Second Derivative Play" on Apple, Cirrus Logic (CRUS) as hailed by Mad Money's James Cramer back in May but whose working relationship with Apple on future products has come under fire in past month.

After Hours: Amazon (AMZN), American Express (AXP), Baidu.com (BIDU), Bucyrus (BUCY) and SanDisk (SNDK) highlight busy (COF, CMG, CB, CTXS, CYMI, QLGC, RMBS, RVBD, SYNA, WOOF and WIT) schedule.

Friday:
Economic:  N/A.

Earnings: Honeywell (HON), Exelon (EXC), Ingersoll Rand (IR), Ericsson (ERIC), Schlumberger (SLB), Snap-On (SNA), T Rowe Price (TROW) and Verizon (VZ).

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: N/A.

Earnings:  Credit card processor Global Payment (GPN). Analysts expect $0.69 versus prior year's $0.71 per share result. Sympathy plays Visa (V) and MasterCard (MA) on traders radars.
 
Notable:  Q3 earnings season is underway with a handful of marquee and muscle-worthy names able to tone set for bulls or bears this week. Intel is first out-the-gate Tuesday night with fellow Dow component GE (GE) taking up the slack on Friday.

On the economic side, bulls and bears will begin the week by continuing to weigh last Friday's weak jobs data against increasingly likely quant easing from the Fed—and to which Tuesday's FOMC Minutes might provide additional clues regarding future monetary action.

Tuesday:
Economic: FOMC Minutes. Bulls will be scrutinizing report for clues to further confirm increased confidence in quantitative easing as all but written in stone.   

Earnings:  Fastenal (FAST). After the Close: Intel (INTC), the world's largest but under scrutiny of late semiconductor outfit, is expected to post profits of $0.50 per share versus $0.33 from a year ago. Technically, out of favor positioning gives bulls benefit of the doubt in front of release.

Others: ADTRAN (ADTN), CSX (CSX) and Linear (LLTC).

Wednesday:
Economic: Weekly Crude data, Mortgage Apps, Import / Export Prices, Treasury Budget (-$32.0B).

Earnings: ASML (ASML), Host Hotels (HST), JP Morgan (JPM).

After the Close: Apollo (APOL).

Thursday:
Economic: Weekly Claims (450K vs. 445K), Continuing Claims (4.45M vs. 4.46M), PPI & Core (0.2%, 0.1%), Trade Balance (-$44.5B).

Earnings: Commerce Bancshares (CBSH), Fairchild (FCS), Landstar (LSTR), Progressive (PGR), Safeway (SWY), Winnebago (WGO), WW Granger (GWW).

After The Close: Large cap tech represented by perennially No.2 broad-line semi Advanced Micro (AMD) and still dominant but encroached upon (BIDU) internet search engine Google (GOOG).

Analysts expect AMD to turn a profit of $0.06 compared to last year's loss of -$0.18 per share while Google is anticipated to increase its profits by $0.78 to $6.67 per share.

Technically, shares of AMD, like INTC, have lagged both the semis and broader market, making the the game of "green catch-up" in shares a stronger-than-otherwise possibility. Shares of GOOG have recently lagged but have found consolidation support off its 200SMA as the stock tests its YTD logarithmic downtrend line on the weekly.  

Friday:
Economic:  CPI & Core (0.2%, 0.1%), Retail Sales (0.4%, ex-Auto 0.4%), Empire (6.0 vs. prior 4.10), Michigan (Oct) (68.6 vs. 68.2) and Business Inventories (0.5%).

Earnings: Will General Electric (GE) continue to bring good things to life for bulls? Analysts expect profits of $0.27 compared to prior year's $0.22 per share. Technically, much like the broader market GE staged a key breakout last week and looks poised for higher prices.

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THIS WEEK'S MARKET MOVERS

Courtesy of ChartsEdge

Monday:
Economic: Factory Orders (-0.4% vs. prior 0.1%), Pending Homes (1.0% vs. 5.2%).

Earnings:  Aggie concern and sometimes "in play" Mosaic (MOS) reports. Analysts expect the company to post profits of $0.72 versus prior year's $0.23 per share. Technical case for bulls is slightly deep corrective weekly cup-shaped base with handle construction and recent 50 / 200 "Golden Cross."
 
Notable:  A light earnings front will be beefed up with a handful of influential names such as Costco and Yum! Brands, as well as the start of the Q3 reporting season with Alcoa's (AA) processional lead on Thursday evening.  

A full economic calendar of data will continue to motivate bulls and bears for a second straight week.  Watchdogs' in-the-spotlight report won't be available until Friday's show, at which time nonfarm payrolls data for September should provide greater insight into the US' still, very much a reality, jobless recovery.

Tuesday:
Economic: ISM Services (51.8 vs. 51.5).

Earnings:  Wolverine (WWW). After the Close: Diamond Foods (DMND), YUM! (YUM).

Wednesday:
Economic: Weekly Crude data, ADP Survey (18K vs. -10K), MBA Mortgage "Apps" (Is there an "app" for bulls?)

Earnings: Constellation Brands (STZ): Analysts expect a 10% decline in profits from $0.54 to $0.49 per share for the purveyor of fine spirits. Technically and more bullishly-postured, STZ has established a weekly Cup & Handle pattern.

Consumer wholesaler Costco (COST) is forecasted to bring in a near 15% profit jump on earnings of $0.95 per share. Technically, shares have forged an uncharacteristically strong run in front of the report and prone to a "sell the news" reaction.

Aggie giant Monsanto (MON) is expected to show a loss of -$0.06 compared to last year's $0.02.  Technically shares have been under extreme duress and nearing prior YTD and multi-year lows on sales and pricing concerns related to glyphosate and Smartstax corn seeds, as well as Roundup product related to birth defects according to study released Thursday.

After the Close: Immucor (BLUD), Marriott (MAR) and Ruby Tuesday (RT).

Thursday:
Economic: Weekly Claims (455K vs. 453K), Continuing Claims (4.45M vs. 4.45M), Consumer Credit (-$3.0B vs. -$3.6B).

Earnings: PepsiCo (PEP).

After The Close: Earnings season for Q3 "officially" begins with Dow component and aluminum concern Alcoa (AA). Company expected to show 50% increase in profits from prior year's $0.04 to earn $0.06 per share.

Technically, shares of AA appear to be near major crossroads after staging rally from weekly corrective bottom in excess of 50% and breaking prior downtrend line. Bulls are now approaching neckline resistance from prior Oct 09 – April 10 H & S top.  

Others: Micron (MU) and AngioDynamics (ANGO).

Friday:
Economic:  September Monthly Jobs expected to show stagnant "0.0K" result compared to August's loss of -54,000 in nonfarm payrolls. Private ranks are expected to show a 70,000 increase on top of prior month's jump of 67,000, while unemployment rate is forecasted to show slight one-tenth of a percent uptick to a still steep 9.7%. Other: Wholesale Inventories (0.4% vs. prior 1.3%).

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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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