Stock market is expected to open higher based on Euro and futures spikes. Based on the chart, market was supposed to open lower. In the past, whenever ADP number is expected to show better number, futures and Euro have moved higher. Overall short term is flat. Neither its able to break upside or downside. If Dow jones break 12998 resistance on upside the it will be bullish till Thursday, on the other hand if Dow jones break 12911 on downside its bearish trend. Above, 12958 is bullish zone on Dow jones and below is bearish zone. In S&P500, above 1407 is bullish zone and below is bearish zone. VIX is very close to move out of contango. It needs one more spike or vix above 18.23 to move into backwardation.
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| Dow jones expected to open higher based on futures |
Economic Calendar:
| Date | Time | Currency | Importance | Event | Actual | Forecast | Previous | |||||||
| Dec. 05 | 04:50 | EUR |  | Spanish 10-Year Obligacion Auction | 5.458% | | ||||||||
| 05:00 | EUR | | Retail Sales (MoM) | -0.1% | -0.2% | | ||||||||
| Tentative | RUB | | Russian CPI (MoM) | 0.5% | 0.5% | | ||||||||
| 08:15 | USD | | ADP Nonfarm Employment Change | 125K | 158K | | ||||||||
| 08:30 | USD | | Nonfarm Productivity (QoQ) | 2.7% | 1.9% | | ||||||||
| 08:30 | USD | | Unit Labor Costs (QoQ) | -0.9% | -0.1% | | ||||||||
| 10:00 | USD | | ISM Non-Manufacturing Index | 53.5 | 54.2 | |
After Hour Gainer and Loser:
| Percentage Gainers | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| AeroVironment | AVAV | 45,691 | $22.25 | 1.99 |  9.82 | $22.77 | $20.06 | ||
| Amyris | AMRS | 5,200 | 2.98 | 0.19 | 6.81 | 3.07 | 2.49 | ||
| Stamps.com | STMP | 6,726 | 25.79 | 1.32 | 5.39 | 25.81 | 24.47 | ||
| Wipro ADS | WIT | 42,540 | 9.00 | 0.39 | 4.53 | 9.00 | 8.61 | ||
| Esterline Technologies | ESL | 8,460 | 60.36 | 2.56 | 4.43 | 60.36 | 57.80 | ||
| Cognizant Technology Solutions | CTSH | 65,963 | 70.07 | 2.93 | 4.36 | 73.40 | 66.69 | ||
| Aegerion Pharmaceuticals | AEGR | 16,700 | 21.93 | 0.90 | 4.28 | 22.64 | 20.37 | ||
| Percentage Decliners | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| Mattress Firm Holding | MFRM | 591,540 | $23.35 | -6.97 | -22.99 | $28.88 | $23.34 | ||
| Mitcham Industries | MIND | 15,078 | 11.05 | -3.02 | -21.46 | 14.49 | 10.70 | ||
| Pandora Media | P | 5,268,156 | 7.75 | -1.70 | -17.99 | 9.46 | 7.23 | ||
| TIBCO Software | TIBX | 383,061 | 21.08 | -3.64 | -14.72 | 25.81 | 20.84 | ||
| Oxford Industries | OXM | 14,504 | 46.50 | -6.28 | -11.90 | 55.42 | 45.50 | ||
| Select Comfort | SCSS | 46,768 | 25.90 | -1.77 | -6.40 | 27.67 | 25.66 | ||
| James River Coal | JRCC | 13,355 | 3.06 | -0.16 | -4.97 | 3.47 | 3.00 | ||
| Qlik Technologies | QLIK | 13,027 | 18.88 | -0.71 | -3.62 | 19.87 | 17.57 | ||
| Tempur-Pedic International | TPX | 20,550 | 26.42 | -0.99 | -3.61 | 27.44 | 25.60 | ||
Premarket Earnings:
The following companies are expected to report earnings prior to market open.
Brown Forman Corporation (BF/B) is reporting for the quarter ending October 31, 2012. The alcohol company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.78. This value represents a 6.85% increase compared to the same quarter last year.
Toro Company ( TTC ) is reporting for the quarter ending October 31, 2012. The tools company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.00. This value represents a -100.00% decrease compared to the same quarter last year. In the past year TTC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 8.06%.
Francesca's Holdings Corporation ( FRAN ) is reporting for the quarter ending October 31, 2012. The shoes & retail apparel company's consensus earnings per share forecast from the 13 analysts that follow the stockis $0.22. This value represents a 100.00% increase compared to the same quarter last year. FRAN missed the consensus earnings per share in the 4th calendar quarter by -15.38%. The "days to cover" for this stock exceeds 13 days.
G-III Apparel Group, LTD. ( GIII ) is reporting for the quarter ending October 31, 2012. The textile company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.31. This value represents a 6.94% increase compared to the same quarter last year. GIII missed the consensus earnings per share in the 1st calendar quarter by -13.79%. The "days to cover" for this stock exceeds 12 days.
REX American Resources Corporation ( REX ) is reporting for the quarter ending October 31, 2012. The biofuels company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.23. This value represents a -135.38% decrease compared to the same quarter last year.
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