Before the Open - Apr 30
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Today's Before the Open
This week's Economic Numbers and Earnings Reports
ChartBook / ETFs
by Jason at Leavitt Brothers
Stock Market News, Breakouts, Swing Trades, Stocks in Play, Mojo plays, Position Trades, Options and Daytrades
Investors can expect another full plate of important earnings on Monday. Leading indicators and several T-bill auctions complete the economic release picture. Stocks plunged today after the SEC accused Wall Street heavyweight, Goldman Sachs of fraud in the Abacus CDO transaction. The allegations focused on supposed misstatement of facts. Financial shares led today's sharp sell off. Even Mother Nature roared with the bears as a volcanic ash cloud disrupted airline transportation worldwide. The U.S. dollar was the beneficiary of the selling as capital sought the safety of the Greenback. The DJIA plunged 125.91, the tech heavy Nasdaq fell 34.43, and the S&P 500 gave back 19.54.
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Here Are 7 Stocks You Need To Know For Monday.
Citigroup ( C | Quote | Chart | News | PowerRating) is expecting to break even at an EPS of zero prior to the opening bell.
Controversial defense contractor, Halliburton Co ( HAL | Quote | Chart | News | PowerRating), has analysts awaiting a, before the bell, EPS of 25 cents.
Drug kingpin, Eli Lilly & Company ( LLY | Quote | Chart | News | PowerRating), is looking at an EPS of $1.10 prior the 9:30 AM EST market opening.
Computer stalwart, International Business Machines Corporation ( IBM | Quote | Chart | News | PowerRating), reports after the close with a forecast EPS of $1.93.
A 95 cent loss awaits investors in Zions Bancorporation ( ZION | Quote | Chart | News | PowerRating) after the closing bell.
Goldman Sachs Group Inc ( GS | Quote | Chart | News | PowerRating) is vigorously defending itself from SEC CDO trade fraud allegations.
Bank Of America Corp ( BAC | Quote | Chart | News | PowerRating) posted its first gains in three quarters on loan loss declines and investment banking.
The world is anxiously awaiting Google's earnings release Thursday after the close. This alleged most successful company of all time will surely set a market precedent based on its results. Traders will also be greeted by jobless claims, industrial production, and the Philly Fed Survey on this hotly anticipated earnings session.
Stocks continued surging higher midweek on strong earnings and positive comments from Ben Bernanke. Reports indicating retail showing improvement and inflation being muted added to the bullish stew. Intel and JP Morgan reported better than expected results bringing on the fence buyers into the fray. Weakness remains in the employment sector but the Fed remains bullish on the recovery. Job creation should eventually be a natural outgrowth of the economic engine growing warmer.
Here are 7 stocks you need to know for Thursday.
Google ( GOOG | Quote | Chart | News | PowerRating) reports after the close with a forecast EPS of $6.57.
Medical company Intuitive Surgical Inc ( ISRG | Quote | Chart | News | PowerRating), has analysts awaiting an EPS of $1.68 after the closing bell.
Advanced Micro Devices ( AMD | Quote | Chart | News | PowerRating) is looking at an EPS loss of 8 cents once the market closes.
During regular trading hours, expect to hear from Ppg Industries Inc ( PPG | Quote | Chart | News | PowerRating) with a forecast EPS of 63 cents.
iPad sales powered Apple Inc ( AAPL | Quote | Chart | News | PowerRating) to all time highs Wednesday.
23 cents/share is the projected number for Fairchild Semiconductor ( FCS | Quote | Chart | News | PowerRating) prior to the bell.
Titan Machinery Inc ( TITN | Quote | Chart | News | PowerRating) has traders awaiting an EPS of 26 cents before the opening bell.
A boatload of heavy hitting earnings announcements hit the wire midweek. Earnings combined with Bernanke's testimony, the CPI, and retail sales promises to create an exciting session. Stocks pushed higher on the second trading day of the week. A positive Greek T-bill auction combined with improved earnings lifted shares. A growing trade deficit offset slight negative news from Alcoa. Earnings from Intel and CSX after the close should set the tone for after market action. The DJIA gained 13.45, the Nasdaq moved higher by 8.12, and the S&P 500 eased ahead by 0.82.
Here are 7 stocks you need to know for Wednesday.
Investment banking kingpin, JPMorgan Chase and Co. ( JPM | Quote | Chart | News | PowerRating) reports before the bell with a forecast EPS of 64 cents.
Progressive Corp ( PGR | Quote | Chart | News | PowerRating) carries the torch for the insurance sector, with an expected, before the open, EPS of 37 cents.
$1.37/share is the consensus estimate for W.W. Grainger Inc ( GWW | Quote | Chart | News | PowerRating) prior to trading.
After the close, analysts are expecting to hear from Yum! Brands Inc ( YUM | Quote | Chart | News | PowerRating) with a forecast EPS of 52 cents.
JB Hunt Transport Services ( JBHT | Quote | Chart | News | PowerRating) has its sites set on an EPS of 26 cents after the bell.
Landstar System Inc ( LSTR | Quote | Chart | News | PowerRating) is trucking toward an EPS of 32 cents at the close of trading.
Citigroup ( C | Quote | Chart | News | PowerRating) is being put through the wringer by the Fed for using so called "liquidity puts" to lift sales.
Next week's earnings calendar starts out slow but builds with intensity into the final trading session. Several T-Bill auctions and the Treasury Budget greet investors Monday. Stocks climbed on the final trading day of the week. Energy shares led the advance on an optimistic Chevron forecast. Bullish Wholesale Data added to the stock positive tone of the day. The DJIA advanced 70.28, the tech heavy Nasdaq marched higher by 17.24 and the broad based S&P 500 climbed 7.94.
Here are 7 stocks you need to know for Monday.
Alcoa Inc ( AA | Quote | Chart | News | PowerRating) reports after the close with an estimated EPS of 11 cents.
A 3 cent loss is pending for Gigamedia Limited ( GIGM | Quote | Chart | News | PowerRating) prior to the opening bell.
Candle maker Blyth Inc ( BTH | Quote | Chart | News | PowerRating) crushed earning estimates sending shares sharply higher.
HTC Corp of Taiwan stated it is in talks to acquire Palm Inc ( PALM | Quote | Chart | News | PowerRating).
Alimentation Couce-Tard Inc of Canada has submitted a proposal to the board of Casey's General Stores ( CASY | Quote | Chart | News | PowerRating) to acquire the company for $36.00/share.
Ambac Financial Group ( ABK | Quote | Chart | News | PowerRating) surged after reporting fourth quarter net income of $558.1 million.
Chevron Corp ( CVX | Quote | Chart | News | PowerRating) provided investors a very positive first quarter forecast lifting the energy sector.
Earnings releases are heating up on the second to final trading day of the week. Jobless claims, chain store sales and money supply figures will round out the trading session. Stocks were slammed lower on Wednesday triggered by a sharply worse than expected consumer credit reading. Additional debt worries from Greece counteracted a solid 10-year Treasury auction resulting in across the board selling. Led lower by Caterpillar and American Express, the DJIA gave back 72.47, the Nasdaq fell 5.65 and the broad based S&P 500 dipped 6.99.
Here are 7 stocks you need to know for Thursday.
Pier 1 Imports Inc ( PIR | Quote | Chart | News | PowerRating) announces pre open with a forecast EPS of 31 cents.
13 cents/share is projected for cleaning product maker, Zep Inc ( ZEP | Quote | Chart | News | PowerRating), before the bell.
Rpm International ( RPM | Quote | Chart | News | PowerRating) is looking at a 7 cent loss prior to trading.
Jean maker, Innovo Group Inc ( JOEZ | Quote | Chart | News | PowerRating), report after the close with a forecast number of 1 cent.
Racing fan's favorite, Internat Speedway Corp A ( ISCA | Quote | Chart | News | PowerRating), expects to see 53 cents/share before the open.
Carl's Jr and Hardee's chain owner, Cke Restaurants Inc ( CKR | Quote | Chart | News | PowerRating), obtained another takeover bid surpassing the original.
Goldman Sachs upgraded lender Keycorp ( KEY | Quote | Chart | News | PowerRating) to "buy".
Midweek brings investors the Consumer Credit figures and a solid slate of diversified earnings reports. The hotly anticipated FOMC minutes release led to a rally in the majority of stocks today. However, the market closed mixed with the DJIA being the laggard on the session. Bullish word that the Fed has no immediate plans to up the interest rate solidified the bulls' position. However, the Fed did express concern over the employment situation and the potential creation of another bubble economy via debt. Led lower by Travelers, the DJIA gave back 3.56, the tech heavy Nasdaq gained 7.28, and the broad based S&P 500 added 1.99.
Here are 7 stocks you need to know for Wednesday.
$1.73/share is the forecast number for Monsanto Co ( MON | Quote | Chart | News | PowerRating) before trading starts.
Family Dollar Stores Inc ( FDO | Quote | Chart | News | PowerRating) has traders awaiting an EPS of 78 cents prior to the open.
Household retailing heavy weight, Bed Bath & Beyond Inc ( BBBY | Quote | Chart | News | PowerRating) reports after the close with an expected EPS of 73 cents.
Restaurant chain, Ruby Tuesday Inc (Ga) ( RT | Quote | Chart | News | PowerRating), has analysts forecasting 23 cents/share after the bell.
Wd-40 Co ( WDFC | Quote | Chart | News | PowerRating) announces after the close with an estimated EPS of 38 cents.
Suntrust Banks Inc ( STI | Quote | Chart | News | PowerRating) may be in play as a takeover target per sources at Credit Suisse.
A horrific coal mining explosion in West Virginia sent owner Massey Energy Company ( MEE | Quote | Chart | News | PowerRating) sharply lower on the session.
The FOMC minutes and a light platter of earnings will motivate stock investors on the second trading session of the week. Friday's very positive jobs report lifted shares higher today. The report missed the overly optimistic estimates but showed strong improvement in the employment picture. Ultra positive words from Alan Greenspan, climbing oil/commodity prices and growth in the service sector all added fuel to the bullish move. Slight nervousness remains in anticipation of potential rate increase clues from the FOMC minutes on Tuesday. The DJIA approached resistance at 11,000 but pulled off by the close rising 46.48. The Nasdaq surged 26.95 and the S&P 500 advanced 9.33.
Here are 7 stocks you need to know about for Tuesday.
Motivational product maker, Franklin Covey Co ( FC | Quote | Chart | News | PowerRating), reports after the close with a 1 cent forecast.
Before the open, Investors can expect to hear from Gigamedia Limited ( GIGM | Quote | Chart | News | PowerRating) with an estimated EPS loss of 4 cents.
Campbell Soup Co ( CPB | Quote | Chart | News | PowerRating) is losing market share to Kraft Foods Inc ( KFT | Quote | Chart | News | PowerRating), Conagra Foods ( CAG | Quote | Chart | News | PowerRating) and Nestle SA per Sanford Bernstein.
Apple Inc ( AAPL | Quote | Chart | News | PowerRating) sold over 300,000 iPads on the first day of release.
A massive valuation of $900.00/share due to its divisions is rumored to be pending for Washington Post Co Cl B ( WPO | Quote | Chart | News | PowerRating).
Monday kicks off the new week as the first stock trading session after the much anticipated Non-Farm Payroll report. It's a light earnings day with Pending Home Sales and the ISM Non-Manufacturing Index adding color.
A substantial improvement in the ISM Manufacturing Index and a better than expected jobs report lifted stocks on this final trading day of the holiday shortened week. Huge incentive driven sales jumps in the domestic big three automakers helped add to the bullish sentiment. Apple's soon to be released iPad added some trepidation to the tech sector. Some speculate that it may hurt PC sales. Led by Caterpillar the DJIA soared 70.44, the Nasdaq added 4.62 and the broad based S&P 500 climbed 8.67.
Here are 7 Stocks You Need to Know for Monday.
Goldman Sachs downgraded Research In Motion Ltd ( RIMM | Quote | Chart | News | PowerRating) to sell and lowered its target price to $65.00/share.
Azz Inc ( AZZ | Quote | Chart | News | PowerRating) reports before the open with an expected EPS of 59 cents.
Sales from Ford Motor Co ( F | Quote | Chart | News | PowerRating) soared 84% in China and 39.8% domestically. Troubles at Toyota Motor Corporation ADS ( TM | Quote | Chart | News | PowerRating) and its aggressive buying incentives are credited with the huge improvement.
Microsoft Corp ( MSFT | Quote | Chart | News | PowerRating) suffered from speculation that the Apple Inc ( AAPL | Quote | Chart | News | PowerRating) iPad may hurt PC sales.
Blackrock Incorporated ( BLK | Quote | Chart | News | PowerRating) was cut to hold at Deutsche Bank AG as it was revealed that lower growth may be in store for the world's largest money manager.
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