Stock market is expected to open low tomorrow. Fed printing machine has no stop button at this time. It's printing like crazy. For the week, Federal Reserve Total Assets is at a current level of 3.167T, up from 3.110T last week and up from 2.887T one year ago. This is a change of 1.82% from last week and 9.70% from one year ago. As long as Fed continues it crazy run at the printing press this market isn't going to correct. For past 2 year, we have seen market closing in green on Tuesday and Friday 80% of the time.
Total Federal Reserve Assets vs S&P500 |
Next week is crucial with Fed fomc meeting. Check back later in 2 hour all the resistance level and Fed total asset vs S&P500 performance.
Watch out HIBB, AH, MCP, VHC for Day trading.
Resistance Level:
Resistance Level:
Economic Calendar:
Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
---|---|---|---|---|---|---|---|---|---|---|
6:00 | EUR | HICP (Final) | med | 0.4 | -1 | |||||
6:00 | EUR | HICP - Core (Final) | med | 1.3 | 1.3 | |||||
6:00 | EUR | HICP (Final) | med | 1.8 | 1.8 | |||||
8:30 | USD | Empire State Survey | med | 10 | 10.04 | |||||
8:30 | USD | CPI (ex Food & Energy) | med | 0.2 | 0.3 | |||||
8:30 | USD | CPI | high | 0.5 | ||||||
9:00 | USD | Net Long-term TICS Flows | low | 37.5 | 64.2 | |||||
9:15 | USD | Capacity utilisation | med | 79.4 | 79.1 | |||||
9:15 | USD | Industrial production | med | 0.4 | -0.1 | |||||
9:30 | USD | Fed's Fisher speaks on "Too Big To Fail" before the Conservation Political Action Conference | low | |||||||
9:55 | USD | Univ of Mich Sent. (Prelim.) | med | 78 | 77.6 | |||||
10:30 | EUR | EU Commissioner Rehn takes part in panel discussion at German Marshall Fund conference | low | |||||||
12:15 | EUR | EU President Van Rompuy speaks at the German Marshall Fund conference | low |
After Hours Movers
Premarket Earning:
Hibbett Sports, Inc. ( HIBB ) is reporting for the quarter ending January 31, 2013. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.72. This value represents a 22.03% increase compared to the same quarter last year. In the past year HIBB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.41%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HIBB is 19.26 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Brown Shoe Company, Inc. ( BWS ) is reporting for the quarter ending January 31, 2013. The shoes & retail apparel company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.08. This value represents a 20.00% decrease compared to the same quarter last year. BWS missed the consensus earnings per share in the 1st calendar quarter of 2012 by -50%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BWS is 16.69 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
StoneMor Partners L.P. ( STON ) is reporting for the quarter ending December 31, 2012. The funeral services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.06. This value represents a 45.45% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for STON is -2649.00 vs. an industry ratio of -427.90.
Abraxas Petroleum Corporation ( AXAS ) is reporting for the quarter ending December 31, 2012. The oil (us exp & production) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.01. This value represents a 200.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 20 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AXAS is 108.00 vs. an industry ratio of 27.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Zogenix, Inc. ( ZGNX ) is reporting for the quarter ending December 31, 2012. The drug company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.17. This value represents a 48.48% increase compared to the same quarter last year. ZGNX missed the consensus earnings per share in the 1st calendar quarter of 2012 by -14.29%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ZGNX is -2.35 vs. an industry ratio of 10.70.
Citi Trends, Inc. ( CTRN ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.07. This value represents a 61.11% increase compared to the same quarter last year. CTRN missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -22.73%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CTRN is -61.12 vs. an industry ratio of -17.40.
Progenics Pharmaceuticals Inc. ( PGNX ) is reporting for the quarter ending December 31, 2012. The biomedical (gene) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.30. This value represents a 6.25% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for PGNX is -2.40 vs. an industry ratio of -11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Senomyx, Inc. ( SNMX ) is reporting for the quarter ending December 31, 2012. The food company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.05. This value represents a 25.00% decrease compared to the same quarter last year. SNMX missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -14.29%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SNMX is -12.90 vs. an industry ratio of 20.40.
Jinpan International Limited ( JST ) is reporting for the quarter ending December 31, 2012. The electrical instrument company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.19. This value represents a 42.42% decrease compared to the same quarter last year. The last two quarters JST had negative earnings surprises; the latest report they missed by -8%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for JST is 7.16 vs. an industry ratio of 10.90.
Monday Premarket Earning:
Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
---|---|---|---|---|
G WILLI-FOOD WILC | N/A | N/A | N/A | N/A |
UTSTARCOM HLDGS UTSI | Before Open | N/A | -0.01 | N/A |
US ENERGY CP-WY USEG | Before Open | N/A | 0.00 | N/A |
TITAN PHARMA TTNP | Before Open | N/A | 0.19 | N/A |
TENGION INC TNGN | Before Open | N/A | N/A | N/A |
STERLING CONSTR STRL | Before Open | N/A | 0.04 | N/A |
PERNIX THERAPTC PTX | Before Open | N/A | 0.05 | N/A |
NUMEREX CP-CL A NMRX | Before Open | N/A | 0.06 | N/A |
KIOR INC-A KIOR | Before Open | N/A | -0.32 | N/A |
INSMED INC INSM | Before Open | N/A | -0.31 | N/A |
HOUSTON WIRE&CB HWCC | Before Open | N/A | 0.21 | N/A |
HORIZON PHARMA HZNP | Before Open | N/A | -0.47 | N/A |
HANWHA SOLARONE HSOL | Before Open | N/A | N/A | N/A |
DEX ONE CORP DEXO | Before Open | N/A | -0.42 | N/A |
CUMULUS MEDIA CMLS | Before Open | N/A | 0.05 | N/A |
CHIPMOS TEC LTD IMOS | Before Open | N/A | 0.28 | N/A |
CELSION CORP CLSN | Before Open | N/A | -0.17 | N/A |
ATLAS FINL HLDG AFH | Before Open | N/A | 0.12 | N/A |